The miners cash reserves, however, didn’t move much compared to the previous quarter, even as other major miners are saying that they are close to bankruptcy. Riot had $255 million of cash on hand and 6,766 BTC at the end of the third quarter, compared to $270.5 million in cash and 6,653 BTC at the end of Q2.
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Bitcoin Mining Major Riot Blockchain Misses Analyst Estimates for Q3 Earnings
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