Bulk sale comes after Bitfarms' share buyback program
MARA ramps equity raise to $204M; Riot offloads 96.5% of mined BTC and boosts borrowings
Offloads 13.5 million shares since early July, marking a 40% reduction from peak holdings
Riot reallocates capital amid ongoing exit from Bitfarms investment
Riot had amassed 90 million BITF shares at an average price of $2.24
MARA set a new record of 58.1 EH/s in realized hashrate
Jonathan Gibbs to spearhead Riot’s new data center platform
The initial $100 million is fully drawn
Riot still holds 19,211 BTC on its balance sheet.
Mining firms turn to Bitcoin collateral amid market tightening
Rhodium previously sold its Temple site for $40 million as part of its Chapter 11 proceeding
Combined market cap of mining stocks drops below $30 billion