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This week's top mining news highlights: Riot reports $104.5 million net profit in the third quarter.
2025-10-31 04:03

Odaily Planet Daily News: Week 43 of 2025 (October 24 - October 30):

1. According to blockchain.com, the average price of Bitcoin is $112,055, with a high of $116,410 and a low of $106,279, up 3.59% from the average price of last week ($108,171).

2. Notable mining news includes:

(1) Riot's net profit in the third quarter was $104.5 million, with record revenue reversing the previous quarter's loss;

(2) Phoenix Group released its Q3 quarterly report: holding 682 BTC and 642,000 SOL;

(3) Canaan Technology announced that it has signed a 4.5MW contract in Japan to deploy its Avalon water-cooled Bitcoin mining machines;

(4) Bitdeer's Bitcoin holdings exceeded 2,180, with 123.4 BTC mined last week;

Data partner: Cango Inc. (CANG), a NYSE-listed Bitcoin mining company.