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Tuesday, 12/06/2022 11:44:01 AM

Tuesday, December 06, 2022 11:44:01 AM

Post# of 364056
While the crypto community was left rattled by the FTX (CRYPTO: FTT) debacle throughout November, crypto mining firms relentlessly pursued all available avenues to shore up revenues and maintain margins.
In what is possibly one of the harshest crypto winters ever seen, these digital asset mining companies are adopting innovative solutions to overcome the many challenges dotting their path.
Take for example Riot Blockchain Inc (NASDAQ:RIOT) which achieved a record hashrate of 7.7 EH/s in November, despite falling short of production expectations due to variances in the payout method of the mining pool it uses.
While the company decided to switch its mining pool to one that offers a more stable reward mechanism, it plans to enhance its current fleet of 72,428 miners and achieve a hash rate capacity of 12.5 EH/s by Q4 FY2022-23.

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