According to Deep Tide TechFlow news, on August 1, Riot Platforms (NASDAQ: RIOT) released its financial report for the second quarter of 2025. The report shows that the company achieved a net profit of $219.5 million, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $495.3 million.
In the second quarter, the company's total revenue was $153 million, of which bitcoin mining revenue was $140.9 million. A total of 1,426 bitcoins were produced during the period, a 69% increase compared to 844 bitcoins in the same period of 2024. Due to the impact of the bitcoin halving and the increase in overall network computing power, the average mining cost per bitcoin (excluding depreciation) rose to $48,992.
As of the end of the second quarter of 2025, the company held 19,273 bitcoins, with a total value of approximately $2.1 billion based on the market price at the end of the period. In terms of cash reserves, the company holds $255.4 million in unrestricted cash and $74.9 million in restricted cash.
