Riot Blockchain: Massive Hashrate Growth In The Cards But Are We Running Out Of Bitcoin To Mine?

Jul. 18, 2021 8:31 PM ETRiot Platforms, Inc. (RIOT)30 Comments
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IncomeBent Investments


  • Riot is massively ramping up its network hash rate in light of the recent Bitcoin move.
  • Sizeable costs associated with Bitcoin production could prove problematic if there was to be an adverse move.
  • The issue of Bitcoin caps could prove problematic for Riot in the long term.

Digitized Bitcoin Symbol via Getty Images

Riot Blockchain (NASDAQ:RIOT) is a cryptocurrency mining company that focuses on Bitcoin and, to a much lesser degree Litecoin. They invested heavily in improving their mining capacity or overall hashrate since the public became obsessed with cryptocurrencies

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