Source: Coindesk.com
Riot attributes the increase in losses to selling, general and administrative expenses of $61.2 million compared with $41.4 a year ago. The bitcoin "halving", which cuts the reward miners receive for adding new blocks to the network, lower number of bitcoin that Riot produced during the quarter.
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The post "Bitcoin Miner Riot Platforms' Second-Quarter Loss Widens to $84.4M as Costs Surge" appeared first here Coindesk.com.
Source: Coindesk.com
