Riot Platforms' financials reveal Bitcoin miner profitability struggles. Analysis by CryptoSlate/TechFlow shows a $114K breakeven point. At current BTC price (~$67K), miners are only covering electricity. Factoring in ops costs & depreciation leads to losses. If BTC drops below ~$74K, even electricity costs are hard to cover. Miner efficiency & electricity prices are key variables in profitability. #bitcoin #mining #cryptocurrency