Riot Blockchain, an American cryptocurrency mining company, has mined the most Bitcoin in a single month ever, according to data from Blockchain.com.
The company mined 4,817 Bitcoin, worth over $48 million, in February, which is more than double the amount mined in January. The data also showed that Riot Blockchain‘s share of the total Bitcoin network computing power has risen from 1.4% in January to 2.2% in February. Riot Blockchain‘s success comes amid a surge in Bitcoin prices, which have risen to record highs in 2021 after a tumultuous 2020. The company has invested heavily in mining hardware, which has allowed them to take advantage of the price surge and make a large profit from their mining activities. In addition to Bitcoin, Riot Blockchain also mines other cryptocurrencies, such as Ethereum and Litecoin. With their current success, Riot Blockchain looks set to continue to be a major player in the cryptocurrency mining industry.