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Riot Pivots to Electricity and HIVE to AI as Bitcoin Mining Profits Plummet
The 9% decline in Bitcoin's (BTC) price in August has negatively impacted the production results reported by publicly listed cryptocurrency miners. This is confirmed by Riot Platforms, which produced 333 BTC last month, 19% less than in July. In contrast to the overall market trend, HIVE Digital has slightly improved its mining results.However, both companies are looking for profits away from the mining business. Riot is focusing on energy sales, which is bringing the company record revenues, wh...
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Posted: Sep 7 2023, 08:49
Author Name: financemagnates
Views: 112468