Riot Platforms, Inc. (NASDAQ:RIOT) reported its third-quarter results after Wednesday’s closing bell. Here’s a look at the details from the report.
The Details: Riot Platforms reported quarterly losses of 54 cents per share, which missed the analyst consensus estimate for losses of 15 cents. Quarterly revenue came in at $84.786 million, which missed the consensus estimate of $95.352 million.
- The average cost to mine Bitcoin, excluding depreciation, was $35,376 in the quarter, as compared to negative $22,741 per Bitcoin for the same three-month period in 2023.
- Generated $12.4 million in power credits during the quarter, as compared to $49.6 million in power credits generated for …
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