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Bitcoin Miner ‘Riot’ Sells Nearly Half Of April’s Bitcoin Production


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Riot Blockchain (RIOT), one of the world's largest publicly traded bitcoin miners, announced that it sold 250 Bitcoin out of the 508 Bitcoin it mined last month, generating nearly $10 million in revenue.

The sale comes as a result of the company’s recent announcement of its ambitious expansion plan which includes two new facilities in Texas.

The miner had revealed plans to build a 1-gigawatt plant in Navarro County, Texas. The first part of the project is expected to cost $333 million and will be completed over the next two years, according to the company. Riot is also expanding its Whinstone facility in Rockdale, Texas, with a 400-megawatt infrastructure upgrade.

https://www.coindesk.com/business/2022/05/03/riot-blockchain-sells-nearly-half-of-aprils-bitcoin-production/

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