Riot Platforms’ Bitcoin Sales and Its Strategic Implications for Cryptocurrency Mining Stocks
Source: CoinWorld
Time: 2025-09-12 15:02:08
Riot Platforms (RIOT) reported strong second-quarter 2025 results, selling 450 bitcoins, generating $51.8 million in revenue while output grew 48% year-on-year to 477. The company adopts a conservative capital structure, providing Bitcoin-secured credit lines, setting the debt ceiling at 40% of its Bitcoin reserves. As of the second quarter, Riot held $255.4 million in cash and 19,273 bitcoins (worth $2.1 billion). In the context of rising mining costs and market fluctuations, the improvement of operational efficiency and the transformation to AI/HPC data centers further support profitability.