<div id="readability-page-1"><div>Overview<ul><li>Riot Q2 revenue rises to $153 mln, largely in line with analyst expectations, per LSEG data</li><li>Net income reaches record $219.5 mln, driven by Bitcoin mining revenue</li><li>Adjusted EBITDA hits $495.3 mln, reflecting strong operational performance</li></ul>Outlook<ul><li>Riot Platforms focuses on optimizing its ready-for-service power portfolio for future growth</li><li>Company aims to expand high-value data centers</li><li>Riot Platforms positioned to benefit from Bitcoin and computing demand</li><li>Company leveraging robust balance sheet for strategic expansion</li></ul>Result Drivers<ul><li>BITCOIN MINING REVENUE - Driven by higher average Bitcoin prices and increased in operational hash rate</li><li>INCREASED BITCOIN PRODUCTION - Produced 1,426 Bitcoin, up from 844 in Q2 2024</li><li>COST TO MINE - Cost per Bitcoin increased due to block subsidy 'halving' and higher global network hash rate</li></ul>Key Details<div><table><tbody><tr><td>Metric</td><td>Beat/Miss</td><td>Actual</td><td>Consensus Estimate</td></tr><tr><td>Q2 Revenue</td><td>Meet</td><td>$153 mln</td><td>$153.20 mln (13 Analysts)</td></tr><tr><td>Q2 Net Income</td><td></td><td>$495.30 mln</td><td></td></tr></tbody></table></div>Analyst Coverage<ul><li>The current average analyst rating on the shares is &#34;buy&#34; and the breakdown of recommendations is 14 &#34;strong buy&#34; or &#34;buy&#34;, 2 &#34;hold&#34; and no &#34;sell&#34; or &#34;strong sell&#34;</li><li>The average consensus recommendation for the blockchain &amp; cryptocurrency peer group is &#34;buy&#34;</li><li>Wall Street's median 12-month price target for Riot Platforms Inc is $16.75, about 19.3% above its July 30 closing price of $13.52</li></ul>Press Release: </div></div>

RIOT

Riot Platforms reported Q2 revenue of $153 million, meeting analyst expectations, with a record net income of $219.5 million driven by Bitcoin mining. Adjusted EBITDA reached $495.3 million. The company aims to optimize its power portfolio and expand data centers, benefiting from Bitcoin demand. Bitcoin production increased to 1,426, while mining costs rose due to block subsidy halving. Analysts maintain a "buy" rating, with a 12-month price target of $16.75, reflecting a 19.3% upside from its recent closing price.

Riot Q2 revenue rises, reaches record net income