Finance

The pivots of Riot and Marathon

04/06/2022
Bitcoin Ethereum News

April 6, 2022, 11:13AM EDT

• 12 min read

Quick Take

  • Riot Blockchain and Marathon Digital managed to grow their Bitcoin mining production and hashrate significantly over 2021.
  • Despite the initial doubt and scrutiny from the public and regulators, they have proven a successful business pivot into Bitcoin mining.
  • The vital equity financing starting in 2020 helped the two place large pre-orders for the newest Bitcoin ASIC miners before the market rally.
  • We take a further analysis based on the evolution of their strategy and key financial metrics over the past few years.

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here

Source: https://www.theblockresearch.com/bitcoin-mining-pivot-riot-marathon-139479?utm_source=rss&utm_medium=rss