River Financial Announces Managed Bitcoin Mining Product

River Monetary at this time launched River Mining, an investment-grade bitcoin mining product that manages all of the elements within the mining course of, from {hardware} procurement to information heart internet hosting, in response to a press launch despatched to Bitcoin Journal.

“The Bitcoin mining trade 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. “In recent times, solely the most important gamers have had entry to the returns of institutional Bitcoin mining. River Mining adjustments that.”

Clients should purchase 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 heart, integrating it with a mining pool, and sustaining most up-time and efficiency. River Mining additionally permits shoppers to watch 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 1000’s of mining machines on-line in Q2 2022. River stated it additionally has agreements in place to develop River Mining to tens of 1000’s of rigs within the coming 12 months. The corporate stated it at the moment has a whole bunch of bitcoin mining shoppers, 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 crucial step in the direction of our imaginative and prescient to supply easy-to-use monetary merchandise to develop Bitcoin wealth.”

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

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