### **⚡ Riot Platforms Reports Record Revenue But Loss in Q1 2025**

#### **📌 Highlights:**

- **All-time high revenue**: **$161.4 million** (up **50% YoY**), beating Wall Street estimates ($159.79 million).

- **Net loss of $296K**, down **240%** compared to profit of $211K in Q1 2024.

- **Mining costs surged 90%** to **$43,808 per BTC** (vs $23,034 last year).

- **BTC production increased by 166 coins** compared to 2024 (≈ $16.13 million at current prices).

- **BTC Holding**: **19,223 BTC** (≈ **$1.86 billion**).

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### **🔍 Reasons for Loss & Challenges:**

🔴 **Bitcoin Halving (April 2024)** → Mining income decreased.

🔴 **Global hashrate increased by 41%** → Mining competition is tougher.

🟢 **Facility expansion** → Riot used **$100M loan from Coinbase (secured by BTC)**.

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### **📈 Market Reaction:**

- **RIOT stock rose 7.32%** (closed at **$7.77**).

- **BTC price stable at ~$97K** → Mining income remains profitable long-term.

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### **💡 What Does It Mean for Investors?**

✅ **Positive**: Revenue is growing, expansion is ongoing.

⚠️ **Risk**: High operational costs could pressure profitability if BTC prices drop.

**#RiotPlatforms #Bitcoinmining #BTC走势分析 #CryptoStocks ** ⛏️💰

💬 **What’s your prediction?** Can Riot turn a profit in Q2? Comment below! 👇