Riot Raises $500M as Bitcoin Mining Hashcost Jumps to $80/PH/s

Riot Platforms, one of the largest publicly traded bitcoin mining companies, has raised $500 million via stock offerings year-to-date, the company said on Wednesday. In its Q1 earnings release on May 1, Riot disclosed that it raised $345.7 million in net proceeds from its at-the-market (ATM) offerings during the quarter and received an additional $154.1 […]

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