Riot Blockchain, a Nasdaq-listed mining company, has $4.3 million in mining revenue in the first half of this year

Riot Blockchain, a Nasdaq-listed mining company, announced its financial performance report for the second quarter of this year. The report shows that Riot’s Bitcoin mining capacity has increased by 129% from the first quarter and is expected to reach 566 PH/s by the fourth quarter of this year. In the first six months of this year, cryptocurrency mining revenue increased to 4.3 million U.S. dollars, a sharp increase from 3.8 million U.S. dollars in the same period last year. The profit margin of mining revenue also increased from 20.5% in the same period last year to 33.5%. A total of 508 bitcoins were mined in the second quarter of this year, an increase of 61% from the 316.19 bitcoins in the same period last year. The company pointed out that despite the year-on-year decline in mining revenue, Bitcoin mining has increased.