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Miner Riot Platforms' second-quarter net income was $219.50 million, year-to-date net loss was $76.90 million

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2025-07-31 22:55:21
Riot Platforms' strong earnings in the second quarter nearly made up for Quarter 1's loss. Riot achieved $219.50 million in net income in the second quarter of 2025, primarily due to an unrealized revaluation of $470.80 million of its bitcoin assets following a net loss of $296.40 million in Quarter 1 in 2025. Overall, the company posted a net loss of $76.90 million in the first half of 2025 as it continued to shift its focus to high-performance computing and artificial intelligence workloads.
The company produced 1,426 bitcoins during the quarter, and its holdings reached 19,273, ranking fourth among publicly traded companies worldwide. At the same time, the cost of mining a single bitcoin has increased by 93% since the same period last year, mainly due to the increase in the average hash rate of the global network.
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