🚀DeFi enthusiasts, buckle up! Riot Platforms (RIOT), a big-shot bitcoin miner, just released its Q2 earnings.📊Adjusted EPS loss was $0.17, beating estimates, but revenue fell short at $76.7M.💰

🔥Q2 revenue was up from last year, thanks to a 27% increase in bitcoin production.🎉But don't get too excited - lower bitcoin prices put a damper on the party.📉

🤑Riot shares are up 383% this year, riding the bitcoin wave.🏄‍♂️CEO Jason Les says their "unmatched scale" drove mining costs down to $8,389 per Bitcoin.💪

🔮Riot predicts 2023 will be a year of consolidation in the bitcoin mining industry, and they're ready to benefit from it.🌐They also expect to reach 20.1 EH/s hash rate capacity by mid-2024.🔌

🤔What do you think about Riot's future in the DeFi world? Share your thoughts in the comments!👇 #DeFi #Web3 #RiotPlatforms