PANews reported on August 1st that according to The Block, Nasdaq-listed Bitcoin mining company Riot Platforms achieved a net profit of $220 million in the second quarter of 2025, reversingPANews reported on August 1st that according to The Block, Nasdaq-listed Bitcoin mining company Riot Platforms achieved a net profit of $220 million in the second quarter of 2025, reversing

Riot Platforms achieved a net profit of $220 million in the second quarter, with Bitcoin mining costs almost doubling year-on-year.

2025/08/01 12:07

PANews reported on August 1st that according to The Block, Nasdaq-listed Bitcoin mining company Riot Platforms achieved a net profit of $220 million in the second quarter of 2025, reversing a nearly $300 million loss in the first quarter. The company's cumulative net loss for the year was $76.9 million, primarily due to a 93% year-on-year increase in the cost of mining per Bitcoin, reaching a record high. During the quarter, Riot produced 1,426 Bitcoins and held a total of 19,273, ranking fourth among publicly listed companies globally. The company is increasing its investment in high-performance computing and AI, having spent $28 million on land purchases this year and plans to invest another $49 million by the end of the year. Following the release of the financial report, Riot's stock price fell approximately 5% after the market closed.
Market Opportunity
Blockstreet Logo
Blockstreet Price(BLOCK)
$0.01325
$0.01325$0.01325
-1.68%
USD
Blockstreet (BLOCK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

BFX Presale Raises $7.5M as Solana Holds $243 and Avalanche Eyes $1B Treasury — Best Cryptos to Buy in 2025

BFX Presale Raises $7.5M as Solana Holds $243 and Avalanche Eyes $1B Treasury — Best Cryptos to Buy in 2025

BFX presale hits $7.5M with tokens at $0.024 and 30% bonus code BLOCK30, while Solana holds $243 and Avalanche builds a $1B treasury to attract institutions.
Share
Blockchainreporter2025/09/18 01:07
BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Share
BitcoinEthereumNews2025/09/18 01:44
White House Forms Crypto Team to Drive Regulation

White House Forms Crypto Team to Drive Regulation

The White House developed a "dream team" for U.S. cryptocurrency regulations. Continue Reading:White House Forms Crypto Team to Drive Regulation The post White
Share
Coinstats2025/12/23 04:10