According to TheBlock, bitcoin miner Riot Platforms achieved net income of $219.50 million in the second quarter of 2025, reversing a net loss of nearly $300 million in Quarter 1 and a net loss of $76.90 million so far this year.
The cost of mining a single bitcoin increased by 93% compared to the same period last year due to the increase in the global average network hash rate. Riot Platforms mined 1,426 bitcoins in the second quarter, bringing its total holdings to 19,273 bitcoins, ranking fourth among listed companies in the world.
Riot Platforms' second-quarter net income was $219.50 million, and mining costs doubled year-on-year
2025-08-01 04:21:21
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