Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin

Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.

U.S.-based publicly listed mining firm Riot Blockchain has revealed that its year-to-date Bitcoin production has more than tripled compared to 2020.

According to a Oct. 6 announcement, Riot has mined 2,457 BTC (roughly $135 million) during 2021 so far — a 246% increase compared to the same period of the previous year.

Production for September has more than quadrupled year-over-year, with Riot mining generating 406 Bitcoin last month compared to 91 BTC for September 2020. As of Sept. 30, 2021, Riot was in possession of 3,534 Bitcoin ($194.4 million). The firm says that it mined every Bitcoin it owns.

Riot claims it now boasts a deployed fleet of roughly 25,646 miners representing a total hash rate capacity of 2.6 exahashes per second (EH/s). Riot expects to have deployed an additional 2,000 Bitmain Antminer S19Js by early November, forecasting a total hashing power of 2.8 EH/s once the new units are operational.

A further 4,000 Antminer S19Js are slated for shipment from Bitmain’s Malaysian facility at the end of October.

Despite Riot’s strong September performance, the firm did not sell any of its newly mined Bitcoin. Riot’s accumulation caught the attention of MicroStrategy CEO Michael Saylor, who tweeted:

“Publicly traded #Bitcoin miners aren't selling Bitcoin, they are accumulating Bitcoin. The game has changed.”

Riot also notes that construction of its recently acquired Whinstone Facility in Texas is making “around the clock” progress, predicting that the facility’s fourth 100 MW power transformer substation will have been installed by December.

Looking ahead, Riot expects to command a hash rate of 7.7 EH/s before the fourth quarter of next year, estimating it will operate more than 81,000 Antminers by then.

Related: Here's why Bitcoin mining stocks have been outperforming BTC price in 2021

Riot is not the only publicly traded mining firm to post strong results for September, with rival Marathon Digital Holdings announcing on Oct. 4 it had mined 340.6 BTC for the month.

Marathon revealed a 91% quarterly increase in production, with the firm mining 1,252.4 Bitcoin (nearly $69 million) for Q3 2020. Marathon estimates it commands a fleet of 25,272 miners representing a combined hash rate of 2.7 EH/s.

Marathon also secured a $100 million credit line with Silvergate Bank on Oct. 1.

Shares in Marathon have rallied 254% year-to-date from $11 to roughly $39, while Riot stock is up 61.5% from $16.48 to $26.61 over the same period.

https://ift.tt/3oEGwE1
Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more