The American-based Riot Blockchain mined 318 BTC in July - 28% less than in June.
It is worth noting, though, that last month Riot sold 275 BTC, generating profits of around $5.6 million . In June, it parted with 300 coins.
In addition, the firm earned around $9.5 million in credits last month due to the warm-front and the halted operations at the Texas facilities. Not long ago, Riot started moving all of its miners located in Massena, New York, to Texas. The transition is justified by the fact that regulators and lawmakers in the “Lone Star State” have displayed a crypto-friendly stance over the past months. At the same time, electricity prices there are much cheaper than in other regions in the USA.Speaking of the pro-crypto environment in the southern state, it is worth mentioning the city of Fort Worth.
She appreciated the contribution, assuring that the city will decide whether to invest real cash into the mining endeavor after an assessment that will occur later in 2022.
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