Investors did not react favorably to Riot Blockchain’s (RIOT) latest quarterly financials and last week sent shares down following the Q3 print. However, while the company’s revenue haul also fell short of H.C. Wainwright’s Kevin Dede’s expectations, the analyst thinks the company’s growth prospects are sound. The bitcoin miner delivered revenue of $64 million, missing the consensus estimate by $2.35 million, and coming in significantly below Dede’s expectation of $84.8 million. However, Dede is not concerned by the gap between his estimate and the result, believing it was due to H.C. Wainwright “not adjusting estimates per monthly operational updates offered.
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Riot Blockchain (NASDAQ:RIOT)
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