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00:02Riot Platforms reported second quarter revenue of $174.20 million, beating analyst estimates
00:08of $152.06 million, according to Benzinga.
00:12The company posted an adjusted EBITDA loss of $69.73 million.
00:17Bitcoin mining revenue totaled $113.70 million, with engineering revenue reaching $37.30 million
00:24and data center revenue at $23.20 million.
00:28Riot mined 1,587 Bitcoin during the quarter, up from 1,426 a year earlier, at an average
00:35cost of $49,912 per Bitcoin.
00:39After the quarter ended, Riot signed a 20-year data center lease with a leading frontier AI
00:43lab for 191 megawatts at its Rockdale campus.
00:47The deal is expected to generate approximately $9.10 billion in initial contract revenue.
00:52Shares rose 10.82% in After Hours Trading Monday.
00:55For all things money, visit Benzinga.com.
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