Riots Platform Platforms Mixed Q1 results as the effects of “half” Bitcoin.

The riot platforms have published mixed profits results for the first quarter, as it took steps to alleviate the effects of the opposite winds of the mining industry on its business.

Bitcoin 161.39 million dollars of revenue in the three -month period ended on March 31, an increase of 13 % over the previous quarter, the company He said Thursday in a statement. This is approximately 2 % for the Wall Street forecast of $ 160.72 million.

The company’s total revenue was largely reinforced by Bitcoin mining income, which jumped 100 % in the first quarter of the previous quarter of the year.

“We have achieved a new record for quarterly revenue … driven by the important work that our teams set during previous years,” said Jasson Leh, CEO of Riot, adding that his company recently strengthened mining capabilities and operational efficiency.

However, RIOOT fluctuated to a loss of $ 296.4 million, or $ 0.90 per share, during the period – less than net income of 136.44 million dollars mentioned by the company in the fourth quarter of 2024.

Bitcoin mining returns for the company have also been almost unchanged from a quarter to a quarter. RIOT 1530 Bitcoin’s work was extracted for the first quarter – only 1 % of 1516 was extracted in the previous quarter.

Riot Platform now has 19,223 Bitcoin with approximately $ 1.87 billion as of writing time.

Bitcoin was recently traded at 97,222 dollars, an increase of 65 % last year, Coingecko Data He appears. Riots shares increased by 11.65 % early on Friday afternoon to trade at $ 8.67, according to L. Yahoo financing.

The results of the mixed first quarter of riots came when miners took steps to push negative effects “Half” On mining work.

In April 2024, Bitcoin Blockchain reduced half of the BTC bonus for workers who secure its network, which increases the difficulty of bitcoin mining and cost.

However, Riot continued to build the Corsicana facility to meet the growing skill and capital demands of mining on Bitcoin Blockchain. Moreover, The average bitcoin prices reached In the first quarter of 2025, compared to the wonderful quarter, which increases the profitability of the company’s mining activities.

As a result, riots achieved $ 142.9 million of symbolic mining revenues in the first quarter, compared to $ 71.4 million at the same time last year.

Performing riots in the last quarter as well It came amid a suit It was presented against the company by its bankrupt rival Rhodium – a tight battle that cost miners more than $ 8 million in litigation costs in the first quarter.

However, RIOT acquired many assets that belong to Rhodium last month – a strategic step that actually ends vating between companies and will provide money from riots, according to Les.

Edited by James Robin