Riot Platforms Q2 Bitcoin Mining Revenue Falls 19% to $113.7M

Riot Platforms mined 1,587 BTC in Q2 with $113.7M mining revenue, down 19% YoY due to lower BTC prices and rising hash rate, despite total revenue growing 14%.

Woofun AI reports that Riot Platforms generated $174.2 million in total revenue during the second quarter, representing a 14% year-on-year increase, with $23.2 million attributed to data center operations. The firm mined 1,587 Bitcoin units, resulting in mining revenue of $113.7 million, a decline from $140.9 million in the same period of 2025. This reduction stemmed primarily from decreased average Bitcoin prices and an increase in global hash rate, partially offset by the company's own operational hash rate expansion. The average mining cost per Bitcoin, excluding depreciation, stood at $49,912. By quarter-end, Riot Platforms held current assets exceeding $1.2 billion, comprising 11,380 Bitcoin (5,821 held as collateral) and $548.9 million in cash, of which $77.5 million was restricted.