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

On August 1st, as per TheBlock, the Bitcoin mining firm Riot Platforms attained a net revenue of $219.5 million during the second quarter of 2025. This reversed a net loss of nearly $300 million in the first quarter. As of this year, Riot Platforms has accumulated a net loss of $76.9 million. Owing to the global average network hash rate increase, the cost of mining one Bitcoin has gone up by 93% compared to the same period last year. In the second quarter, Riot Platforms mined 1,426 Bitcoins, raising their total holdings to 19,273 Bitcoins and ranking fourth among publicly traded global companies.