Riot Blockchain Mines 1,106 BTC, Cutting Mining Costs by 50%!

Riot Platforms has reported a successful Q3 with 1,106 bitcoins produced and mining costs dropping to $5,537 per coin. The company holds $290 million in cash and 7,327 bitcoins, with expectations to reach a hashrate of 12.5 EH/s in Q4. Riot also raised an additional $100 million by selling 10.2 million shares of common stock. The mining industry continues to boom, with companies adapting to market demands and increasing profits.