Riot Platforms Says Average Cost To Mine Bitcoin Was $8,389 In Q2
Portfolio Pulse from Benzinga Newsdesk
Riot Platforms has reported that the average cost to mine Bitcoin was $8,389 in Q2.

August 09, 2023 | 9:26 pm
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Riot Platforms' average cost to mine Bitcoin in Q2 was $8,389.
The news directly pertains to Riot Platforms and its Bitcoin mining operations. However, the impact on the stock price is uncertain as it depends on the current market price of Bitcoin and the company's ability to sell the mined Bitcoins at a profit. If the market price of Bitcoin is significantly higher than the mining cost, it could be positive for the stock. Conversely, if the market price is close to or lower than the mining cost, it could be negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100