Mining company Riot Platforms reported net income of US$219.5 million in the second quarter, and mining costs doubled year-on-year."
According to online reports, according to TheBlock, bitcoin mining company Riot Platforms achieved net income of US$219.5 million in the second quarter of 2025, reversing a net loss of nearly US$300 million in the first quarter. Riot Platforms has a net loss of US$76.9 million so far this year. Due to the increase in global average Internet hashing rates, the cost of mining a Bitcoin has increased by 93% compared to the same period last year. Riot Platforms produced 1426 bitcoins in mining in the second quarter, with a total holdings of 19,273 bitcoins, ranking fourth among global listed companies.
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