According to ChainCatcher, Bitcoin mining company Riot Platforms released a performance report stating that the net loss in Q2 was US$84.4 million, while the net loss in the same period of 2023 was US$27.4 million. The net loss for this quarter included a loss of US$76.4 million from changes in the fair value of Bitcoin, US$32.1 million in non-cash stock compensation expenses, and US$37.3 million in depreciation and amortization expenses.
Non-GAAP adjusted EBITDA for the quarter was -$75.2 million, compared to $24.3 million in the same period in 2023.
As of June 30, 2024, Riot Platforms holds 9,334 uncollateralized bitcoins, all of which come from the company's own mining operations.
