Riot Q3 net loss $154M, revenue $84.8M, cuts hash rate guidance

Riot Platforms, Inc.

2024-Q3 EPS reported -$0.10 revenue$234,100,000

Net loss of $154.4M ($0.54 EPS); revenue $84.8M, up 65% YoY from $51.9M.
Bitcoin mining revenue $67.5M; produced 1,104 BTC, cost to mine $35,376/BTC.
Deployed hash rate 28 EH/s, up 159% YoY; 2024 target cut to 34.9 EH/s from 36.3.
2025 hash rate guidance slashed to 46.7 EH/s (prev. 56.6); 2026 target 65.7 EH/s.
Raised $730.8M via ATM in nine months; post-quarter additional $62.1M at $7.81/shr.

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