Riot Platforms, Inc. ( (RIOT) ) has released its Q2 earnings. Here is a breakdown of the information Riot Platforms, Inc. presented to its investors.
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Riot Platforms, Inc. is a Bitcoin mining and digital infrastructure company known for its large-scale data centers and vertically integrated strategy, with operations in Texas and Kentucky. In its latest earnings report, Riot Platforms announced a record net income of $219.5 million and adjusted EBITDA of $495.3 million for the second quarter of 2025, driven by favorable Bitcoin prices and increased operational efficiency. The company reported total revenue of $153.0 million, a significant increase from the previous year, largely due to a rise in Bitcoin mining revenue. Riot produced 1,426 Bitcoin in the quarter, reflecting a substantial increase from the same period in 2024. The company also highlighted its strong financial position, with $141.1 million in working capital and significant Bitcoin holdings valued at approximately $2.1 billion. Looking ahead, Riot Platforms is strategically positioned to capitalize on the growing demand for high-performance computing and Bitcoin growth, with plans to expand its data center capabilities and optimize its power portfolio to enhance shareholder value.