Riot Moves to Power, HIVE to AI: BTC Mining Plummets

The 9%
decline in Bitcoin’s (BTC) price in August has negatively impacted the
production results reported by publicly listed cryptocurrency miners. This is
confirmed by Riot Platforms, which produced 333 BTC last month, 19% less than in July. In contrast to the overall market trend, HIVE Digital has slightly improved its mining results.

However,
both companies are looking for profits away from the mining business. Riot is
focusing on energy sales, which is bringing the company record revenues, while
HIVE is looking towards supporting the artificial intelligence industry.

Finance
Magnates reported
yesterday (Wednesday) that the Texas heatwaves (along with high energy prices)
and the low valuation of Bitcoin
Bitcoin

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that

While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term have negatively impacted the production of
Marathon Digital Holdings (NASDAQ: MARA). The report showed a 9%
month-over-month decline in BTC production to 1,072 BTC.