Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: RSRS on October 07, 2021, 07:57:20 AM
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With bitcoin rallying above $55,000 for the first time since May, cryptocurrency miners are holding onto their newly minted currencies to bolster their balance sheets.
Recent monthly production updates from crypto miners such as Riot Blockchain and Marathon Digital Holdings show that they have kept their mined bitcoins during September, when prices hovered around $40,000.
Riot Blockhain, the Castle Rock, Colo.-based miner, said in a statement Wednesday that as of Sept. 30, it holds 3,534 bitcoins, an increase of 406 bitcoins from August. Riot’s share price rose as much as 6.5% on Wednesday, before paring gains to close the trading session up about 1%.
More Information (https://cryptonews.net/en/news/mining/2123351/)