2024

Bitcoin

Strong

April

Coin

<ul class="news-points wp-block-list"> 
 <li><strong>Riot Platforms reported strong Q2 2024 earnings despite the Bitcoin halving.</strong></li> 
 <li><strong>Operational efficiency and cost reduction boosted mining revenue for Riot.</strong></li> 
 <li><strong>Riot continues aggressive expansion, pursuing Bitfarms acquisition amidst market challenges.</strong></li> 
</ul> 
<p>Riot Platforms, a leading Bitcoin mining company, has announced robust financial results for the second quarter of 2024, reporting significant revenue and maintaining strong operational metrics. Despite the <a href="https://coinedition.com/what-to-expect-from-the-bitcoin-halving-in-april-2024/">April Bitcoin halving</a>, which reduced the block subsidy for miners, Riot successfully navigated the challenges to post $70.0 million in revenue.</p> 
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   <p lang="en" dir="ltr">Riot Platforms Reports Second Quarter 2024 Financial Results, Current Operational and Financial Highlights. Riot Reports $70.0 million in Total Revenue and Deployed Hash Rate of 22.0 EH/s.<br><br>“I am extremely pleased to present results for Riot’s second quarter 2024, during which we… <a href="https://t.co/ZhTOwzLVZA" target="_blank" rel="nofollow">pic.twitter.com/ZhTOwzLVZA</a></p>— Riot Platforms, Inc. (@RiotPlatforms) <a href="https://twitter.com/RiotPlatforms/status/1818739747608801779?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 31, 2024</a>
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<p>The Bitcoin halving is a scheduled event that occurs every four years, slashing the rewards miners receive for verifying transactions on the blockchain. This year’s halving was expected to impact miners signifi…</p>
<p>The post <a href="https://coinedition.com/riot-platforms-defies-bitcoin-halving-posts-strong-q2-earnings/">Riot Platforms Defies Bitcoin Halving, Posts Strong Q2 Earnings</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Riot Platforms Defies Bitcoin Halving, Posts Strong Q2 Earnings

Coin Edition

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