Crypto Mining Company Riot Platforms has announced the amount of Bitcoin it sold recently! Here are the figures in the mining sector.

Significant developments occurred in the crypto mining sector throughout May. Strategic moves by major players and new hardware launches from the USA to Russia were among the highlights in the industry.

The First Major BTC Sale of the Year from Riot Platforms

The US-based crypto mining company Riot Platforms announced that it sold 475 Bitcoin in April. This was the company's first major BTC sale since January 2024.

Riot was previously inclined to hold the BTCs it produced using a HODL strategy. The sale is considered to have possibly been made to generate resources for operational expenses or new investments.

The American Bitcoin company, supported by U.S. President Donald Trump, has accelerated its plans to go public. The firm will carry out the IPO process by merging with Gryphon Digital Mining. This merger indicates that the trend of going public through a SPAC, ( special purpose acquisition company ), continues in the sector.

The Russian government has proposed imposing a value-added tax (KDV) if domestic companies lease mining equipment or provide hashrate (madencilik gücü) services to foreign customers. The move is aimed at regulating international mining operations and increasing tax revenues.

The mining hardware giant Bitmain has launched a new ASIC mining device that offers a 9.5 J/TH efficiency. This device, which stands out for its low energy consumption, is becoming particularly attractive for large-scale mining farms looking to reduce energy costs. Details regarding the sale of the device will be shared in the coming weeks.

These developments in the mining industry demonstrate that both political support and technological innovations continue to shape the sector. Devices focused on energy efficiency and strategies for going public indicate that the sector is evolving toward a more corporate and transparent structure.

*It is not investment advice.

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