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August 23 , 2021 RIOT Riot Blockchain Reports Record Second Quarter 2021 Financial Results , Current Operational and Financial Highlights Castle Rock , CO , Aug. 23 , 2021 ( GLOBE NEWSWIRE ) -- Riot Blockchain , Inc. ( NASDAQ : RIOT ) ( " Riot " or the " Company " ) , one of the leading Nasdaq - listed public Bitcoin ( " BTC " ) mining companies in the United States , reported financial results as of and for the three months ended June 30 , 2021. The unaudited financial statements are available on Riot's website and here . • Increased mining revenue by 1,540 % to a record $ 31.5 million for the three - month period ended June 30 , 2021 , as compared to $ 1.9 million for the same three - month period in 2020 . • Increased mining revenue margin to 70 % for the three - month period ended June 30 , 2021 , as compared to 25 % for the same three - month period in 2020 . Produced record net income of $ 19.3 million , or $ 0.22 per share for the three - month period ended June 30 , 2021 , as compared to a $ ( 10.6 ) million net loss , or $ ( 0.31 ) per share , for the same three - month period in 2020 . Total cash and Bitcoin of $ 195.4 million as of June 30 , 2021 . " We are extremely pleased with Riot's record quarterly financial results , " said Jason Les , Riot's CEO . " The Company's improved financial results are a direct result of Riot's absolute focus on Bitcoin mining and growing its mining operations . With the successful acquisition of Whinstone US ( " Whinstone " ) , the Company's growth prospects have been significantly de risked , and future financial opportunities are very exciting . As previously announced , Riot is aggressively expanding its capacity at Whinstone , which is expected to provide the critical infrastructure necessary to successfully execute on driving continued growth for the Company . " Second Quarter 2021 and Recent Financial Highlights Riot continues to attain significant milestones and set up for future opportunities , driven by its focus on Bitcoin mining . • Produced a Company record $ 19.3 million in net income for the three - month period ended June 30 , 2021 , as compared to a $ ( 10.6 ) million net loss for the same three month period in 2020 . • Increased mining revenues by 1,540 % , to $ 31.5 million for the three - month period ended June 30 , 2021 , as compared to $ 1.9 million for the same three - month period in 2020 . • Increased mining revenue margin , excluding depreciation and amortization , to 70 % for the three - month period ended June 30 , 2021 , as compared to 25 % for the same three