Odaily Planet Daily News: A document on Wednesday showed that Bitcoin mining company Riot continued to try to acquire competitor Bitfarms. The company purchased about 10.2 million shares of Bitfarms in July. In May of this year, Riot tried to acquire Bitfarms for about $950 million. The CEO of Riot Platforms criticized Bitfarms' plan to block the acquisition. In June of this year, Bitfarms took the first "poison pill" measure to prevent possible acquisitions, and later upgraded this approach in July. Google Finance data showed that Riot's Nasdaq stock price closed down 1.74% on Wednesday, while Bitfarms' stock price closed up 4.03%. Riot's stock price has fallen 33.87% so far this year. (The Block) Earlier today, Riot Platforms reported a net loss of $84.4 million in the second quarter, compared with a net loss of $27.4 million in the same period last year. Despite the financial setback, the company still achieved revenue of $70 million in the second quarter, slightly lower than $76.7 million in the same period last year. This result reflects the challenging environment after the recent "halving" event of the Bitcoin network. Riot Platforms also reported a 52% drop in Bitcoin production, from 1,775 in the second quarter of 2023 to 844. However, despite the decline in production, Riot Platforms still achieved strong gross profit margins and revenue was the same as last year.