Bitcoin

<a href="https://ultramining.com/news/en/riot-platforms-to-boost-efficiency-with-midas-immersion-coolings/" rel="noopener noreferrer nofollow">Riot</a> Platforms has announced a significant increase in its Bitcoin reserves, now holding more than 10,000 BTC as of August 2024. This marks a 3% increase in <a href="https://ultramining.com/news/en/rising-mining-difficulty-squeezes-bitcoin-miners-sparks-accumulation-among-whales/" rel="noopener noreferrer nofollow">Bitcoin holdings</a> compared to July, solidifying Riot's position as one of the top publicly traded Bitcoin <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a>.
The company has strategically optimized its energy usage in response to rising mining costs, a decision that contributed to this impressive reserve accumulation. The current value of Riot's Bitcoin holdings exceeds $560 million at the current BTC price of $56,081. With the mining difficulty on the rise, many industry experts see this accumulation as a key competitive advantage for Riot, especially as Bitcoin scarcity increases in the coming years. Riot continues to position itself as a leader in the North American mining space by efficiently managing resources and increasing its BTC reserves.
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Riot Platforms Now Holds Over 10,000 BTC Amid Rising Reserves

Ultramining_Eng

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