Bitcoin mining company Riot Blockchain's market value surpasses $1 billion – COINVIEW

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Bitcoin mining company Riot Blockchain's market value exceeds $1 billion

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According to coindesk, the Nasdaq-listed Bitcoin mining company Riot Blockchain (RIOT) had a market capitalization of $1.08 billion on Monday, which was up nearly 13% during early trading hours.

About RIOT Company

according toRIOT official websiteIntroduction, Riot Blockchain is committed to supporting the Bitcoin ecosystem through proof-of-work mining. We believe in the opportunity of Bitcoin, and our unremitting efforts to expand our mining business demonstrate our commitment to the Bitcoin network. Riot is one of the largest U.S. listed Bitcoin miners in North America, and we have been working hard to improve efficiency and production.

Currently 100% of RIOT's Bitcoin mining machines are located in Coinmint LLP's mine in Massena, New York. It is said that it includes 6,040 next-generation machines from Bitmain Ant. Recently, RIOT has also frequently reported continuing to purchase Bitmain’s latest mining machine S19. The official website also mentioned that RIOT will deliver 8,000 S19pros in batches in the first four months of 2021. By early May 2021, the total computing power will be It is expected to reach 1.45EH/s (1446PH/s), which is roughly the 13th place in the current global mining pool rankings. (reference btc.com The data)

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