Riot Blockchain's Efficiency Strategy Better Positions It for Bitcoin's Halving Compared to Marathon
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Riot Blockchain and Marathon Digital are leading Bitcoin mining companies, but take different approaches. Riot focuses on efficiency, while Marathon prioritizes total mining capacity.
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The upcoming Bitcoin "halving" will cut miner rewards in half, making profitability a bigger challenge.
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Riot enjoys lower costs per Bitcoin mined ($2,000 vs $22,000 for Marathon) due to its energy strategy in Texas.
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Riot can sell excess energy back to the Texas grid for profit when Bitcoin mining becomes less profitable. This generated $71 million in revenue last year.
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Riot is better positioned for long-term success after the halving due to its flexibility and efficiency advantage over Marathon and other miners.