Riot Platforms announced a net profit of $219.5 million for the second quarter of 2025, reversing a net loss of nearly $300 million in the first quarter, primarily due to an unrealized fair value gain of $470.8 million from Bitcoin reserves. Nevertheless, the company still recorded a net loss of $76.9 million in the first half of 2025, attributed to its ongoing shift in business focus toward high-performance computing and artificial intelligence workloads. The quarter produced 1,426 Bitcoins, with holdings increasing to 19,273 coins, ranking fourth among publicly listed companies. (TheBlock)

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