Live Feed

Riot Platforms Shares Climb as Q3 Earnings Beat Estimates on Record Revenue

Riot Platforms (RIOT) reported a strong performance in its third quarter, with net income reaching $104.5 million, significantly reversing a loss of $154.4 million from the previous year. This unexpected profit came alongside record quarterly revenue of $180.2 million, driven by a substantial increase in bitcoin mining revenue. The company mined 1,406 bitcoins, with an average cost of $46,324 each, while the price of bitcoin increased by 6.4% during the quarter. Additionally, Riot announced a 112 megawatt development at its Corsicana, Texas data center campus, highlighting its transition to a large-scale data center operator. The shares rose 5% pre-market following the announcement, reflecting positive investor sentiment toward its robust growth and strong financial results.

Source 🔗

BCH News: BCH Clears $550 on Heavy Volume; $547 Flips to Support as Range Narrows

Bitcoin Cash (BCH) experienced a breakout above $550 on a surge in trading volume, consolidating in the mid-$550s thereafter. The price climbed 2.6% to $554.52 after crossing $547 with a significant volume spike of 130,078 units at 1 a.m. UTC. The technical analysis indicates that

Bitcoin Cash Breaks Above $550 as Volume Surges

Bitcoin Cash (BCH) surged above $550, rallying 2.6% to $554.52, after experiencing an influx of volume at 1 a.m. UTC. A spike of 130,078 units marked the breakout as BCH pushed past $547, establishing new support at $553.50 and consolidating within a $553 to $556

BCH Clears $550 on Heavy Volume

Bitcoin Cash (BCH) has recently broken above the $550 mark, experiencing a 2.6% increase to $554.52, following a significant volume spike. The price exceeded $547 around 1 a.m. UTC, with a recorded trading volume reaching 130,078 units at that time. The current consolidation band is between

Read next