Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

Colorado-based mining agency Riot Platforms narrowed its second quarter web loss to $27.7 million because it ramped up its Bitcoin manufacturing and reached document hash fee capability.

The crypto miner posted whole income of $76.7 million — up 5.2% from Q2 2022 — which was primarily pushed by a 27% year-on-year enhance in Bitcoin (BTC) manufacturing, offset by a decline in Bitcoin costs, in accordance to the agency’s Aug. 9 outcomes submitting.

Proceed Studying on Coin Telegraph