HomeCryptoBitcoin Miner Riot Takes Charge for $349M in Goodwill Impairment on Acquisitions

Bitcoin Miner Riot Takes Charge for $349M in Goodwill Impairment on Acquisitions

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“Despite challenging global market conditions in the second quarter, the sharp decline in the price of Bitcoin and the consequent decline in market prices for publicly traded Bitcoin miners, including Riot, required non-cash impairment charges this quarter, which non-cash payments are attributable to our strong financial position and ample liquidity. had no impact, both strengthened this quarter,” said CEO Jason Les. statement.



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