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The United States’ largest Bitcoin miner Riot Platforms has increased its hash rate by 50% in a single month, according to a Q2 report. In a PR post showing its quarterly update, Riot Platforms revealed it not only hit its second-quarter hash growth target but exceeded it. Riot deployed 7.3 EH/s during June, an approximately 50% increase and the most of any publicly traded miner in a single month. JUST IN: United States largest #Bitcoin miner Riot Platforms increases its hash rate by 50% in a single month. pic.twitter.com/v9TGZ4Zbdi — Watcher.Guru (@WatcherGuru) July 3, 2024 “June was a historic month for Riot , during which we added an additional 7.3 EH/s to our hash rate capacity in Buildings A1 and A2 at our Corsicana Facility and by utilizing additional available capacity at our Rockdale Facility, bringing total capacity to 22.0 EH/s,” Riot Platforms CEO Jason Les says. “This unprecedented achievement is a reflection of the incredible team and ex...

A former Cohasset High School employee was accused of stealing electricity on the school campus to mine Bitcoin. The former school assistant secretly operated a cryptocurrency mining facility inside the crawlspace and stole electricity to run the devices. It is alleged that he stole electricity worth $18,000 to power and run his Bitcoin mining scheme, according to Boston’s WCVB Network. The Cohasset Police Department seized multiple computers, ventilation devices, and connection wires from the school campus. The photographs shared by the department show mining devices and application-specific integrated circuits (ASIC), commonly called mining rigs. Also Read: $600 Billion in Bitcoin Could Be Wiped Out: Analyst Source: Cohasset Police Department It is alleged that the former employee ran the operation for eight months on the school campus without permission. The IT director discovered the mining ring and alerted the school staff, who called in the police. The former employee ...

The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital. The cryptocurrency miner Argo continues to undergo a series of company changes in light of its major acquisition and newly filed lawsuit.  Peter Wall, the CEO of Argo Blockchain, announced his resignation from his executive position at the company on Feb. 9.  According to the announcement, Wall will remain an advisor to Argo throughout the next three months in support of the transition out of the position. He also commented that he was “pleased” to have spearheaded the recent Galaxy Digital acquisition deal. In the same announcement, the company also revealed the resignation of Argo board member Sarah Gow. This development is due to health reasons. We announced today that CEO @PeterGWall has stepped down as CEO/Chairman. Seif El-Bakly, CFA (COO) has been appointed interim CEO; Matthew Shaw has been appointed Chairman. We thank Peter for...