News list for "Riots"
Crypto miner Riot Platforms reported a net profit of $104.50 million in the third quarter, reversing losses in the previous quarter. Revenue reached a record $180.20 million, more than doubling year-on-year (from $84.80 million in the same period last year). The increase was mainly due to an increase of $93.3 million in bitcoin mining revenue, and the company mined a total of 1,406 bitcoins in the quarter. Despite a 52% increase in global hashrate from the previous quarter, the average mining co...
Nasdaq-listed bitcoin miner Riot Platforms has released an unaudited production and operations update for September 2025, which revealed that mining output in September was 445 BTC, a decrease of 32 BTC from August. In addition, due to the company selling 465 BTC in September, bitcoin holdings have dropped to 19,287 as of now.
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 fou...
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. T...
Nasdaq-listed bitcoin miner Riot Platforms released an unaudited production and operations update for June 2025, which revealed that 450 BTC was mined in June, a decrease from 514 BTC mined in the previous month, a decrease of 12% month-on-month. In addition, the company sold 397 BTC last month, and the total number of bitcoin holdings has now increased to 19,273.
On May 3rd, Pierre Rochard, vice president of research at Riot Platforms, wrote that he has been advocating block size limits for the past decade, and now he realizes that he has seriously underestimated the importance of block size limits to Bitcoin. He said that block size limits are as important as proof-of-work, difficulty adjustment and halving mechanisms, and are one of the fundamental elements for Bitcoin to function properly.
Nasdaq-listed bitcoin miner Riot Platforms released an unaudited production and operation update report for March, which revealed that mining output in March was 533 BTC, with an average daily output of 17.2 BTC, an increase of 13% from the previous month. In addition, the company also disclosed that its total bitcoin holdings have increased to 19,223 and will continue to actively promote the construction of AI/HPC data centers.
Riot Platforms announced changes to its board and updated its formal assessment of AI/HPC uses. Jaime Leverton, Doug Mouton, and Michael Turner will join the board, bringing directly applicable AI/HPC transformation, data center, and real estate experience. In light of increased interest, Evercore and Northland Capital have been hired to lead engagement with potential AI/HPC partners.
According to a new study by JPMorgan Chase, the total market capitalization of listed cryptocurrency companies, including Coinbase and Riot, rose by 14% to $108 billion in January, far outpacing the 8% increase in the overall cryptocurrency market. Among them, Coinbase's market value rose by 17%, and Riot's rose by 20%. JPMorgan analyst Charles Pearce pointed out that the rise in mining companies' share prices is mainly due to the concept of artificial intelligence. In the case of Riot, the comp...
Riot Platforms mined 527 bitcoins in January, up 2% month-on-month and the highest monthly output since December 2023. This contrasts with other major miners that saw a general decline in production, such as Marathon down 13% to 750 and CleanSpark down 6% to 626.
