News Explorer — Bitcoin Miner Riot Platforms Boosts Revenue in Q1

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May 2, 7:02 pm

Decrypt

Bitcoin Miner Riot Platforms Boosts Revenue in Q1

Riot Platforms reported a 13% increase in revenue for the first quarter, reaching $161.39 million, driven by a 100% surge in Bitcoin mining income. Despite a net loss of $296.4 million, the company's Bitcoin mining yields remained stable, with 1,530 Bitcoin mined.

Riot Platforms reported a 13% increase in revenue for the first quarter, reaching $161.39 million, driven by a 100% surge in Bitcoin mining income. Despite a net loss of $296.4 million, the company's Bitcoin mining yields remained stable, with 1,530 Bitcoin mined.

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