Riot Platforms CEO Jason Les Q&A - Q2 Earnings & Strategy Update!

Riot Platforms has achieved record-breaking financial results in Q2 with nearly $500 million in adjusted EBITDA and $220 million in GAAP net income, while simultaneously advancing their strategic transition from Bitcoin mining toward high-performance computing and data centers.• 50% gross margin in Bitcoin mining operations despite a one-time tax assessment• Direct cost of approximately $49,000 per Bitcoin mined, well below current market prices• Significantly improved operational uptime of 87%, with even higher efficiency when excluding curtailment periods• Resolution of legacy hosting business through Rhodium acquisition, gaining 125 megawatts of additional power capacity• Increased year-end hash rate target to 40 EH/s, with 45 EH/s projected for Q1 2026• Strategic pivot toward data center development with 600 megawatts at Corsicana site• Acquisition of 600+ additional acres (now 858 total) to maximize development flexibility• ESS Metron division showing strong growth with $120 million in backlog• Nearly $2.5 billion in liquidity between Bitcoin holdings and cash• Multiple financing options including Bitcoin-collateralized debt without equity dilutionSmash the like button and subscribe to McNallie Money for more mining analysis. Leave a comment if you're currently holding Riot shares and what you thought about their quarterly results.Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletterAnthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]