EddieJayonCrypto

 5 Dec 23

tl;dr

If you're into rioting, Crypto was the place to be in Q3. The company produced 1,106 Bitcoins despite increased network difficulty, even seeing an improvement to 14.8 daily Bitcoin production in October. However, these numbers were lower than the previous year. What's intriguing is their zero long-t...

If you're into rioting, Crypto was the place to be in Q3. The company produced 1,106 Bitcoins despite increased network difficulty, even seeing an improvement to 14.8 daily Bitcoin production in October. However, these numbers were lower than the previous year. What's intriguing is their zero long-term debt, a rarity within the crypto industry. But, with the inherent volatility of Bitcoin values and potential operational challenges, RIOT could face some severe risks. However, even with that fact, I think they are going to do very well. The additional mining rigs are going to wind up being, literally, a gold mine for them.

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