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.
https://www.tipranks.com/news/riot-blockchains-q3-net-loss-widens-shares-drop?utm_source=advfn.com&utm_medium=referral
Riot Blockchain (NASDAQ:RIOT)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Riot Blockchain Charts.
Riot Blockchain (NASDAQ:RIOT)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Riot Blockchain Charts.