in 2021, in its second-quarter earnings released on Monday after the close. It also reported an impairment charge of $99.8 million on its bitcoin holdings.
Large impairment changes have been a common occurrence for miners as the prices of cryptocurrencies have plummeted this year. Most recently, peer Marathon Digital said it booked $127.
RiotBlockchain Aoyon_A What the heck is an 'impairment' charge?! Why the obfuscating language?
RiotBlockchain Aoyon_A LAUGHABLE PHRASE. 🤣 Only scammers would use words like 'Impairment Charge' instead of saying what it is. SAY IT. They lost $439.9 MILLION dollars (so far) but don't want anyone to find out. BTC fomo is out of gas. Decentralized Bitcoin is an unsustainable fail. BTCTN
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