Why It Increased Over 12% Today

Fibo Quantum

  • The stock price of Riot Blockchain, Inc. (NASDAQ: RIOT) surged over 12% during intraday trading today. This is why.

The stock price of Riot Blockchain, Inc. (NASDAQ: RIOT) surged over 12% during intraday trading today. Investors are responding in sympathy with the price of Bitcoin increasing above $22,000 again earlier today.

Riot Blockchain has a vision of being the world’s leading Bitcoin-driven infrastructure platform. In June 2022, Riot had produced 421 BTC, an increase of approximately 73%, as compared to June 2021 production of 243 BTC. And as of June 30, 2022, Riot held approximately 6,654 BTC, all produced by the Company’s self-mining operations.

In June 2022, Riot sold 300 Bitcoin, generating net proceeds of approximately $6.2 million. And Riot currently has a deployed fleet of 42,455 miners, with a hash rate capacity of 4.4 exahash per second (“EH/s”).

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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