River Financial Announces Managed Bitcoin Mining Product

River Financial Announces Managed Bitcoin Mining Product

River Monetary in the present day launched River Mining, an investment-grade bitcoin mining product that manages all of the facets within the mining course of, from {hardware} procurement to information middle internet hosting, in accordance with a press launch despatched to Bitcoin Journal.

“The Bitcoin mining business has shifted from as soon as with the ability to profitably mine Bitcoin from a laptop computer in your house to requiring industrial-scale mining operations,” stated Alex Leishman, River CEO. “Lately, solely the biggest gamers have had entry to the returns of institutional Bitcoin mining. River Mining adjustments that.”

Clients can buy mining machines inside private or entity accounts at River, whereas the corporate takes care of procuring the rig, internet hosting it in a top-tier U.S.-based information middle, integrating it with a mining pool, and sustaining most up-time and efficiency. River Mining additionally permits purchasers to observe the efficiency of their bitcoin mining portfolio and particular person miner output.

The providing was first introduced in October, and the corporate is now increasing the scope of its mining product because it brings hundreds of mining machines on-line in Q2 2022. River stated it additionally has agreements in place to develop River Mining to tens of hundreds of rigs within the coming yr. The corporate stated it at present has tons of of bitcoin mining purchasers, starting from people with only one rig hashing to household workplaces and funding funds with fleets of mining rigs.

“Our mission is to speed up the adoption of Bitcoin,” Leishman stated. “River Mining is a vital step in direction of our imaginative and prescient to offer easy-to-use monetary merchandise to develop Bitcoin wealth.”

River started as a bitcoin brokerage firm specializing in safety, custody, and shopper service. Now, with the complete launch of River Mining, the corporate tip-toes into the business with the identical rules. Furthermore, the suite of merchandise supplied by River now embody brokerage, custody, and mining choices which are all accessible on the corporate’s web site and cell app.

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