🚀 **Riot Platforms Faces Rocky Q2, But There's a Silver Lining!** 🚀

Bitcoin miner Riot Platforms had a bumpy Q2, posting its first quarterly loss since 2022. The culprit? April's halving event! Riot reported an $84.4M net loss, doubling the forecasted $0.16 per share loss.

Key points:

- Revenue dipped 8.75% YoY to $70M.

- Bitcoin mining production fell 52% to 844 BTC.

- Cost to mine a Bitcoin skyrocketed 340%!

But wait, there's good news! Despite the hurdles, Riot's Bitcoin mining revenue jumped 12%, thanks to a near-100% increase in Bitcoin's price. 📈

What do you think about Riot's strategy? Drop your thoughts below! 💬