IREN advances toward 50 EH/s target as August BTC production climbs

 IREN advances toward 50 EH/s target as August BTC production climbs RIOT boosts Bitcoin holdings despite 13% drop in August production. Quick Take In August, several publicly traded Bitcoin miners provided updates on their production and operations. RIOT reported producing 322 BTC, a 13% decrease compared to July. However, the company increased its Bitcoin holdings by 3%, bringing the total to 10,019 BTC. RIOT’s deployed hash rate stood at …