TechFlow, August 1 — Riot Platforms (NASDAQ: RIOT) released its Q2 2025 financial results. The report showed a net profit of $219.5 million and an adjusted EBITDA of $495.3 million.
In the second quarter, the company generated total revenue of $153 million, with $140.9 million from Bitcoin mining. It produced 1,426 Bitcoin during the period, a 69% increase compared to 844 Bitcoin in the same period of 2024. Affected by the Bitcoin halving and rising network-wide hash rate, the average cost to mine one Bitcoin (excluding depreciation) rose to $48,992.
As of the end of Q2 2025, the company held 19,273 Bitcoin, valued at approximately $2.1 billion based on the closing market price. In terms of cash reserves, the company had $255.4 million in unrestricted cash and $74.9 million in restricted cash.
