Riot Platforms tops rival Marathon with Q2 earnings making all-time high

Riot Platforms beat out its rival Marathon Digital in the second-quarter earnings race, reporting the strongest financials of any Bitcoin mining firm so far in 2025. The Colorado-based company published its results after the Closing Bell, showing $219.5 million in net income and $495.3 million in adjusted EBITDA. The numbers cover the three-month period ending June 30, 2025, and were disclosed alongside its full earnings presentation on the company’s website, according to a press release published via Globe Newswire. Jason Les, Riot’s Chief Executive Officer, credited the rising price of Bitcoin as a key reason behind the company’s best-ever quarter....