Riot Platforms, a bitcoin mining company, reported a net loss of $84.4 million in the second quarter.

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Bitcoin mining company Riot Platforms released its earnings report, saying that Q2 total revenue was $70 million, the average direct cost of mining Bitcoin was $25,327, net loss was $84.4 million, and non-GAAP adjusted EBITDA was $75.2 million. As of June 30, 2024, Riot Platforms held 9,334 uncollateralized Bitcoins, all of which came from the company's own mining operations.


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