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Riot Blockchain's Net Revenue Reaches $219.5 Million in Q2, Mining Cost Doubles Year Over Year

By: theblockbeats.news|2025/08/01 04:54:10

BlockBeats News, August 1, according to TheBlock, Bitcoin mining firm Riot Platforms achieved a net revenue of $219.5 million in the second quarter of 2025, reversing a net loss of nearly $300 million in the first quarter. As of this year, Riot Platforms has incurred a net loss of $76.9 million. Due to the global average network hash rate increase, the cost of mining one Bitcoin has increased by 93% compared to the same period last year. Riot Platforms mined 1,426 Bitcoins in the second quarter, bringing their total holdings to 19,273 Bitcoins, ranking fourth among publicly traded global companies.

SharpLink: The per-mil "ETH concentration" has increased from around 2 to around 3.4, a 70% increase

Bridgewater Associates Founder Ray Dalio Sells Remaining Stake, to Step Down from Board of Directors