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Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility
5.6.2024
To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas
Halving full effect: Bitfarms crypto mining revenue falls 42% in May
4.6.2024
The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production
Valorant To Its Most Toxic Players: 'Please Play Something Else, We Won't Miss You'
30.5.2024
A few weeks after several clips of Valorant players harassing women via in-game chat went viral on X (formerly Twitter) and other social media sites, Riot Games has announced its plans to tackle the bad actors. In a seven-minute-long video posted to X, Valorant head Anna Donlon spoke about...
Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation
29.5.2024
Bitfarms, a global Bitcoin mining company, has confirmed receiving and rejecting an acquisition proposal from Riot Platforms on April 22, 2024.
The post Bitfarms Rejected $950 Million Riot Platforms’ Acquisition Proposal, Citing Undervaluation appeared first on Cryptonews
$450 League Of Legends Bundle Leaves Players Gobsmacked
29.5.2024
If you play League of Legends and have roughly $450 burning a hole in your pocket then rejoice, then boy does developer Riot Games have the bundles for you. The new cosmetics in question are themed to LoL esports player Lee Sang-hyeok, better known as Faker, and even in a world of ludicrous...
Bitfarms Says Riot Bid 'Significantly Undervalues' Crypto Miner, Is Exploring Options
29.5.2024
Riot to acquire Bitfarms to establish the largest public Bitcoin miner
29.5.2024
Riot intends to take over Bitfarms at a price of $2.30 per share, with the goal of creating the largest ever publicly registered Bitcoin miner. The result will be a substantial premium on Bitfarm’s price—24%—which will be a boon to shareholders. Riot is presently the biggest shareholder...
Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein
29.5.2024
The company has the financial capacity to consolidate the bitcoin mining space, the report said
Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer
29.5.2024
Riot Platforms has acquired a 9.25% stake in Bitfarms after its $950 million proposal to buy out the company's outstanding stock at $2.30 per share was rejected.
The post Riot Platforms Buys 9.25% Stake in Bitfarms After Rejected Takeover Offer appeared first on Cryptonews
Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’
29.5.2024
Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly...
Riot Platforms proposes $950M buyout for Bitfarms amid CEO dispute
28.5.2024
The hostile offer comes after a private offer to the board was rejected in April
Riot Plans Hostile Takeover of Bitfarms; Proposes $2.30 Per Share
28.5.2024
Bitfarms' shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot's announcement
Valorant Player’s Rape Comments Go Viral In Twitch Clip That Shows Just How Toxic Voice Chat Can Be
15.5.2024
Everyone who’s ever played an online game with voice chat has probably experienced something that made them never want to do so again. Toxicity in online games, especially in shooters and other competitive genres, can feel as ingrained and immutable as bad weather. Companies keep saying they’re...
Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win
10.5.2024
Exiled opposition leader Mark Fegyin is leading an effort to give Russians an anonymous, blockchain-powered way to register a "protest vote" against Russia's election results which have handed Vladimir Putin a fifth term as Russian president
League Of Legends’ New Anti-Cheat Software Isn’t Bricking PCs, Riot Says
3.5.2024
Earlier this week, Riot Games deployed a patch for League of Legends that introduced new anti-cheat software to curb “scripters, botters, and cheaters.” Unfortunately, players reported issues with the popular MOBA following the update, saying that the new anti-cheat program had bricked their PCs....
Bitcoin Miner Riot Platforms Records Modest Revenue Gain Despite 36% Decrease in Mined BTC
3.5.2024
Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $73.2 million to $79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in...
Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations
2.5.2024
Bitcoin mining firm Riot Platforms has announced a remarkable net income of $211.8 million for the first quarter of 2024, a staggering 1,000% increase compared to the same period last year.
The post Riot Platforms Reports $211.8M Q1 2024 Net Income, Falls Short of Revenue Expectations appeared...
Bitcoin miner Riot Platforms reports record $211M Q1 net income
2.5.2024
Riot’s net income was boosted by a 131% year-on-year increase in Bitcoin’s price despite the cryptocurrency becoming more difficult and expensive to mine
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
26.4.2024
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024
League Of Legends Pro Suspended For Humping Teddy Bear On Stream
24.4.2024
League of Legends pro Lu ‘Leyan’ Jue said he was just rocking out with his favorite oversized plushie. But Riot Games felt differently and fined the Invictus Gaming jungler nearly $7,000 and suspended him for two matches over footage of him humping a giant stuffed animal of Lots-o’-Huggin’ Bear...