Riot Platforms: Net profit in Q1 2024 exceeded US$200 million, setting a new quarterly performance record

Bitcoin mining company Riot Platforms announced its Q1 2024 financial report, with a net profit of $211.8 million and earnings per share of $0.82, setting a new quarterly performance record. Reportedly, the total revenue for the quarter was $79.3 million (mining revenue and engineering revenue), with mining revenue of $74.6 million and a total output of 1,364 BTC, with an average mining cost of $23,034. The operating capital for the quarter was $692.5 million, including $688.5 million in cash and 8,490 undistributed BTC.