Riot Platforms Sold More Than 20,000 Bitcoin This Year
JOON HYOUNG LEE
Summary
- Riot Platforms said it sold 20,264 Bitcoin this year, raising about $1.5 billion.
- Most of the sale proceeds were used for data center construction.
- As of the end of the third quarter, Riot Platforms held 2,418 Bitcoin, with those holdings valued at about $202 million.
Forecast Trend Report by Period
Riot Platforms, a U.S. Bitcoin miner, has sold more than 20,000 Bitcoin so far this year.
BlockBeats reported on November 4 that Riot Platforms posted third-quarter revenue of $181 million, up about 1% from a year earlier. Net income fell about 96% to $4.03 million from $104 million a year earlier.
Through the third quarter, Riot Platforms sold a cumulative 20,264 Bitcoin this year. The company raised about $1.5 billion from those sales. Most of the proceeds were used to build data centers.
Riot Platforms held 2,418 Bitcoin as of the end of September. Those holdings were valued at about $202 million.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul