When it comes to Bitcoin mining, several mining firms have been making a lot of progress and have earned a lot of names. These blockchain mining firms have been involved in increasing their mining capacities and have been witnessing a great surge in their mining quantity.
When talking about major Bitcoin mining firms, Riot Blockchain is a firm that comes on the list of top mining firms. The firm has been involved in Bitcoin mining activities for a very long time. However, the firm has started making a lot of progress and has grown tremendously larger in size since the beginning of 2021.
Just recently, Riot Blockchain has made an announcement in regards to its accumulation of Bitcoin. The firm has revealed that it has observed tremendous growth in the production of Bitcoin since the beginning of 2021.
The firm has revealed that compared to the year 2020, its mining power and Bitcoin production has tripled in the year 2021. This is a positive sign pointing towards the mass adoption of Bitcoin mining. Since the end of 2020, the mining business has become one of the most profitable and profiting sectors in the crypto-verse.
Therefore, major firms that were already involved in mining activities of Bitcoin or were related to cryptocurrencies have adopted Bitcoin mining.
The announcement in regards to the mined Bitcoins was made by Riot Blockchain on Wednesday, October 6, 2021. In the announcement, Riot Blockchain has revealed that from the beginning of 2021 until now, it has mined a total of 2,457 Bitcoin.
At the time of writing, the 2,457 Bitcoin figure translates to around $136 million. Riot Blockchain has revealed that compared to the year 2020, it has mined 246% more Bitcoin since the beginning of 2021.
Riot Blockchain has also provided details around the Bitcoin has mined in the month of September 2021, compared to the month of September 2020. The firm has revealed that compared to September 2020, the Bitcoin it has mined in September of 2021 has increased four times.
In the month of September 2020, Riot Blockchain had reportedly mined 91 Bitcoin. On the other hand, in the month of September 2021, it successfully mined 406 Bitcoin. This is a significant jump for Riot Blockchain in terms of mining Bitcoin.
Riot Blockchain has also revealed the total number of Bitcoin it currently has under its possession. The firm has revealed that it currently has 3,534 Bitcoin in its possession. At the time of writing, the mentioned Bitcoin accumulation translates to around $195.6 million.
The firm has also confirmed that this is an accumulation from the mining activities only, and not a single Bitcoin has been acquired through direct purchases or exchanges.
The post Riot Blockchain is Growing Larger in Productions and it is Making Many Developments appeared first on CryptocyNews.com.
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