Riot Platforms has sold 4,300 BTC to manage operational expenses and expand its data centers. The company currently holds 11,380 BTC, with 5,821 BTC pledged as collateral; based on Bitcoin's price as of June 30, their total value was approximately $666 million.
During the second quarter, Riot mined 1,587 BTC at an average production cost of $49,912 per coin, excluding depreciation. The revenue from Bitcoin mining fell by 19.3% year-on-year to $113.7 million.
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