River Financial Announces Managed Bitcoin Mining Product

River Financial contiguous launched River Mining, an investment-grade bitcoin mining merchandise that manages each the aspects successful the mining process, from hardware procurement to information halfway hosting, according to a property merchandise sent to Bitcoin Magazine.

“The Bitcoin mining manufacture has shifted from erstwhile being capable to profitably excavation Bitcoin from a laptop successful your location to requiring industrial-scale mining operations,” said Alex Leishman, River CEO. “In caller years, lone the largest players person had entree to the returns of organization Bitcoin mining. River Mining changes that.”

Customers tin acquisition mining machines wrong idiosyncratic oregon entity accounts astatine River, portion the institution takes attraction of procuring the rig, hosting it successful a top-tier U.S.-based information center, integrating it with a mining pool, and maintaining maximum up-time and performance. River Mining besides allows clients to show the show of their bitcoin mining portfolio and idiosyncratic miner output.

The offering was first announced successful October, and the institution is present expanding the scope of its mining merchandise arsenic it brings thousands of mining machines online successful Q2 2022. River said it besides has agreements successful spot to turn River Mining to tens of thousands of rigs successful the coming year. The institution said it presently has hundreds of bitcoin mining clients, ranging from individuals with conscionable 1 rig hashing to household offices and concern funds with fleets of mining rigs.

“Our ngo is to accelerate the adoption of Bitcoin,” Leishman said. “River Mining is an important measurement towards our imaginativeness to supply easy-to-use fiscal products to turn Bitcoin wealth.”

River began arsenic a bitcoin brokerage institution focusing connected security, custody, and lawsuit service. Now, with the afloat merchandise of River Mining, the institution tip-toes into the manufacture with the aforesaid principles. Moreover, the suite of products offered by River present encompass brokerage, custody, and mining offerings that are each accessible connected the company’s website and mobile app.