According to the latest financial report, cryptocurrency mining company Riot Platforms achieved significant financial improvement in the second quarter of this year. The company successfully reversed a nearly 300 million dollar loss in the first quarter, achieving a net profit of 219.5 million dollars.

However, looking at the overall situation in the first half of the year, Riot Platforms still faced a cumulative net loss of 76.9 million dollars. This was mainly due to the unit cost of Bitcoin mining rising significantly by 93% year-on-year, reaching an all-time high. This increase in cost reflects the challenges currently faced by the cryptocurrency mining industry.

Nevertheless, Riot Platforms maintained stable productivity in the second quarter, mining a total of 1,426 Bitcoins. Notably, the total amount of Bitcoins currently held by the company has reached 19,273, which has elevated its ranking among publicly listed companies in terms of holdings to fourth place.

This achievement not only demonstrates Riot Platforms' resilience amid market fluctuations but also highlights its significant position in the Bit mining sector. As the cryptocurrency market continues to evolve, Riot Platforms' performance will remain a focus of industry attention.