Riot Platforms (RIOT) announced a net profit of $104.5 million for the third quarter, reversing the previous quarter's loss. The company achieved record revenue of $180.2 million, driven by a $93.3 million increase in Bitcoin mining revenue and the production of 1,406 Bitcoin. Despite rising mining costs to $46,324 per Bitcoin due to global hash rate increases, power subsidies helped mitigate expenses. Riot is expanding its data center operations, including a new 112-megawatt facility in Corsicana, and holds a Bitcoin reserve of 20,000 coins valued at over $2 billion. However, the company's stock price fell 4.87% following the earnings report release.