Riot Platforms has divested 4,300 BTC as part of its strategy to manage operational costs and invest in data center expansion. The firm retains a total of 11,380 BTC, of which 5,821 BTC is used as collateral, amounting to around $666 million based on Bitcoin prices as of June 30.
In the second quarter, the company mined 1,587 BTC, with an average production cost of $49,912 per coin, not accounting for depreciation. Revenue from Bitcoin mining saw a decline of 19.3% compared to the previous year, totaling $113.7 million.
