According to Techub News and reports from The Block, Bitcoin mining company Riot Platforms achieved a net profit of $219.5 million in the second quarter, reversing a loss of nearly $300 million in the first quarter. The company's cumulative net loss for the first half of the year was $76.9 million, mainly due to the year-on-year increase of 93% in the single-coin cost of Bitcoin mining, reaching an all-time high. In the second quarter, Riot produced a total of 1,426 Bitcoins, with a total holding of 19,273 coins, ranking fourth among publicly listed companies worldwide.

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