D.E. Shaw takes stake in Riot, may push for changes
D.E. Shaw has acquired a stake in bitcoin mining firm Riot Platforms and may push for strategic changes, Reuters reported, citing sources familiar with the matter. The size of the hedge fund’s position remains undisclosed, and both Riot and D.E. Shaw declined to comment. This marks the second activist investor to take an interest in […]
Riot Platforms exec slams Ripple for sabotaging strategic Bitcoin reserve
A Riot Platforms exec accuses Ripple of lobbying against the Strategic Bitcoin Reserve to protect its XRP narrative and promote state-controlled digital currencies. Pierre Rochard, a vice president at Riot Platforms, has accused Ripple of leading a major lobbying effort to derail the Strategic Bitcoin Reserve, claiming the company is still throwing millions of dollars […]
Riot stock gains 3% after mining update: holds 17,722 BTC
Riot Platforms, Inc. shared its December 2024 production update. The company mined 516 Bitcoin in December, a 4% increase from November. Riot Platforms achieved a 4% monthly production increase and completed the first phase of its Corsicana Facility while holding over 17,700 Bitcoin by year-end. The full hash rate activation remains ongoing, with a careful […]
GraniteShares files for RIOT, MARA, MSTR and HOOD ETFs
GraniteShares, a fast-growing asset manager with over $10 billion, has filed for new crypto-linked exchange-traded funds. On Friday, Dec. 20, the New York-based firm filed for new leveraged ETFs to track companies like Riot Platforms, Marathon Digital, MicroStrategy and Robinhood. GraniteShares files for new crypto-related ETFs Marathon Digital and Riot Platforms are the two biggest […]
Crypto VC funding roundup: Riot snags over $594m, BVNK raises $50m
The third week of December 2024 marked a major moment in crypto funding, with Riot securing a $594.40 million investment. This represents one of the largest capital raises in the Bitcoin (BTC) ecosystem this year. The last seven days showcased… Source link
Riot upsized Bitcoin holdings by $69m
Major Bitcoin miner Riot Platforms added $69 million worth of the world’s leading cryptocurrency to its holdings. According to Securities and Exchange Commission filings, Riot Platforms bought 667 Bitcoin (BTC), increasing its total crypto holdings to 17,429 BTC. Riot acquired this tranche at an average price of $101,135 per coin, bringing the total value of […]
Riot acquires 5,117 BTC for $510m
Riot Platforms has added to its growing Bitcoin holdings after the crypto miner and infrastructure provider scooped 5,117 more BTC for $510 million. The Colorado-based Bitcoin (BTC) mining company announced the fresh acquisitions on Dec. 13, noting that the purchase follows its $525 million convertible bond issue. On Dec. 11, Riot announced a $500 million […]
Riot Platforms buys more than $500M in Bitcoin
The purchase came amid reports that the Bitcoin mining company was under pressure from activist investor Starboard Value. Source link
Starboard Value takes stake in Riot Platforms, eyes AI shift
The activist investor is said to be pushing Riot to optimize the use of its facilities the same way many of its colleagues already have. Source link
Riot Platforms acquire $68m of Bitcoin after senior notes offer
Bitcoin infrastructure firm Riot Platforms has acquired millions of dollars of Bitcoin in the past few hours. This action was followed after the company announced a senior notes offer. According to Arkham Intelligence data on Dec. 11, Riot Platforms acquired… Source link
