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Riot Platforms Swings to Q2 Profit

Riot Platforms(RIOT -17.45%) reported fiscal second quarter 2025 earnings on July 31, 2025. The company delivered 153millioninrevenue,a5153 million in revenue, a 5% quarter-over-quarter revenue decline, but net income reached 219.5 million, reversing a GAAP net loss in the prior quarter, primarily due to a mark-to-market gain from Bitcoin (BTC -2.84%) appreciation.This summary extracts three distinct insights on Riot’s pivot to data centers, operational improvements, and capital strategy, each with direct, unique investment im ...