Bitcoin mining firm Riot Platforms reports a total revenue of $70.0 million from the $76.7 million recorded in the same period last year. The drop is due to the Bitcoin halving event in April. This decrease in revenue is also attributed to a $9.7 million drop in engineering revenues. This was somewhat offset by a $6 million increase in Bitcoin Mining revenue. This highlights the firm’s resilience in its core mining operations despite broader financial challenges. During the second quarter, Riot Platforms produced 844 Bitcoin, a 52% decline from the 1,775 Bitcoin mined during the same period last year.
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