Jun 5, 02:30 PM

Bitcoin Miner Revenues Drop 50.1% Post-Halving; Riot Platforms' Production Falls 43% Amid Network Activity Impact

Bitcoin miner revenues plummeted by 50.1% month-over-month due to decreased network activity and the recent halving event. Miner supply sent to exchanges surged by 20.9% month-over-month. Riot Platforms' Bitcoin production fell by 43% post-halving. Short-seller Kerrisdale criticizes Bitcoin mining as a tough business, advising enthusiasts to buy tokens instead of miner stocks.

#Bitcoin #Riot Platforms #Kerrisdale

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