Comment on Bitcoin mining is no longer profitable

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bjorney@lemmy.ca ⁨3⁩ ⁨days⁩ ago

Miners like Riot Blockchain are operating at a loss

I’m not a finance wizard, but I peeked at their last SEC filing, and first 3 quarters of 2024 they posted a 35m operating loss, but added almost 900m worth of assets to their balance sheet (mostly Bitcoin), which to me tells a very different story

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