Riot Platforms' second-quarter net revenue was $219.5 million, with mining costs doubling year-on-year.
a day ago
According to Odaily Planet Daily, Bitcoin mining company Riot Platforms achieved net revenue of $219.5 million in the second quarter of 2025, reversing a net loss of nearly $300 million in the first quarter. So far this year, Riot Platforms has suffered a net loss of $76.9 million. Due to the increase in the average global network hash rate, the cost of mining a single Bitcoin has increased by 93% compared to the same period last year.
Riot Platforms mined 1,426 bitcoins in the second quarter, bringing its total holdings to 19,273 bitcoins, ranking fourth among publicly listed companies worldwide. (The Block)
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