Mining company Riot Platforms reported a net revenue of $219.5 million for the second quarter, with a net loss of $76.9 million year to date.

Golden Finance reported that Riot Platforms' strong earnings in the second quarter nearly offset the losses in the first quarter. Riot achieved a net income of $219.5 million in the second quarter of 2025, primarily due to an unrealized revaluation of $470.8 million after its Bitcoin assets recorded a net loss of $296.4 million in the first quarter of 2025. Overall, the company reported a net loss of $76.9 million in the first half of 2025, as it continues to shift its business focus towards high-performance computing and artificial intelligence workloads. In this quarter, the company produced 1,426 Bitcoins, bringing its holdings to 19,273 coins, ranking fourth among publicly listed companies globally. Meanwhile, the mining cost per Bitcoin has risen by 93% since the same period last year, primarily due to the increase in the global network's average hash rate.