One of the largest bitcoin miners, RiotBlockchain, posted an impairment charge on goodwill of $349.1 million and another impairment of $99.8 million on its bitcoin holdings in the second quarter. By Aoyon_A
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.
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