Riot’s strategic move to increase its self-mining hash rate capacity from 12.5 EH/s to 20.1 EH/s by mid-2024 will position the company for sustained profitability in the face of reduced block rewards.
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When the pandemic began, the stock, gold, and Bitcoin markets dropped by around 30%. But unlike the other two, Bitcoin managed to return to its annual maximum pretty fast and outperformed other markets’ growth within months.