Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Riot Platforms has reported a successful Q3 with 1,106 bitcoins produced and mining costs dropping to $5,537 per coin. The company holds $290 million in cash and 7,327 bitcoins, with expectations to reach a hashrate of 12.5 EH/s in Q4. Riot also raised an additional $100 million by selling 10.2 million shares of common stock. The mining industry continues to boom, with companies adapting to market demands and increasing profits.

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