RATE Group | Riot Blockchain +9.4% after producing 91 bitcoin in February – Riot Blockchain, Inc. (NA…
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Riot Blockchain +9.4% after producing 91 bitcoin in February – Riot Blockchain, Inc. (NA…

06 Mar Riot Blockchain +9.4% after producing 91 bitcoin in February – Riot Blockchain, Inc. (NA…

Posted at 04:43h in Bitcoin News by

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Riot Blockchain (NASDAQ:RIOT) jumps 9.4% in premarket trading after disclosing it produced 91 newly mined bitcoins in February.

During the month, Riot completed its previously announced upgrades to its mining network and was running 4,000 Bitmain S17 miners and no longer operating S9s.

Enhancements resulted in a 147% increase in average daily run rate of bitcoins mined  vs. December 2019.

Future changes in network-wide difficulty rate or hashrate will impact Riot’s production of bitcoin.

Bitcoin is up 3.8% today to $9,112.74.

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