Riot Q3 revenue $51.9M, net loss $45.3M; record hash rate 10.9 EH/s

Riot Platforms, Inc.

2023-Q3 EPS reported -$0.76 revenue$201,866,000

Total revenue $51.9M, up from $46.3M; produced 1,106 BTC in quarter.
Average cost to mine negative ($6,141) due to $49.6M in power curtailment credits.
Net loss $45.3M ($0.25/share) vs $32.4M loss a year ago; Adjusted EBITDA $31.6M.
Cash $290.1M, Bitcoin holdings 7,327; combined liquidity ~$500M.
Record self-mining hash rate 10.9 EH/s; targeting 20.2 EH/s by mid-2024 with MicroBT deal.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Riot Platforms, Inc. reported the three-month period ended September 30, 2023 results: revenue $51.9 million.

Period: the three-month period ended September 30, 2023
Revenue: $51.9 million
Result: reported results

Exact text from the filing

Total revenue for the three-month period ended September 30, 2023 was $51.9 million

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

Riot Platforms, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-018317

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