Wu said that he learned that the Bitcoin mining company Riot Platforms released a performance report stating that the total revenue in Q2 was US$70 million, the average direct cost of mining Bitcoin was US$25,327, the net loss was US$84.4 million, and the non-GAAP adjusted EBITDA was US$75.2 million. As of June 30, 2024, Riot Platforms held 9,334 uncollateralized bitcoins, all of which came from the company's self-mining operations.