Shares of Bitcoin mining company Riot Blockchain (RIOT) declined 7.3% on Monday after the company reported a net loss of $15.3 million in the third quarter of 2021, wider than the net loss of $1.7 million reported in the same quarter last year. The company reported total revenue of $64.8 million, up 2,532% from $2.5 million posted in the prior-year quarter. Meanwhile, Mining revenues rose 2,099% and stood at $53.6 million. The company reported a 482% year-over-year rise in Bitcoin production to 1,292 in the third quarter. The average Bitcoin price used to calculate Riot’s third-quarter mining revenues was about $41,837.
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