Riot Platforms faced difficulties in expanding its hash rate at its facilities in the USA, despite a 65% year-over-year revenue increase. 🏦
- Revenue for the quarter: $84.8 million
- Production: 1,104 BTC
- Net loss: $154 million
The average cost of mining one BTC was $35,376, which is half of the current prices.
Riot's shares fell by 3.6% and by 32% since the beginning of the year, reaching $9.86.