EXCLUSIVE: Riot Blockchain CEO Says 'Riot has been planning for the Halving for several years. We continued building infrastructure during the last downturn, and are positioned to grow our self mining hash rate by over 150% this year.'
Portfolio Pulse from Benzinga Newsdesk
Riot Blockchain's CEO announced that the company has been preparing for the Bitcoin halving event for several years, focusing on infrastructure development during the last downturn. They aim to increase their self-mining hash rate by over 150% this year.
April 09, 2024 | 6:48 pm
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Riot Blockchain plans to significantly increase its self-mining hash rate by over 150% this year, indicating strong growth and preparation for the Bitcoin halving.
The CEO's statement highlights Riot Blockchain's strategic planning and investment in infrastructure to capitalize on the Bitcoin halving event. This preparation is likely to enhance the company's mining efficiency and profitability, positively impacting its stock price in the short term as investors may view this as a sign of strong future performance.
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