Riot Platforms posted its first quarterly loss since 2022, which came as a surprise to many.
- The loss was $84.4 million, or $0.32 per share, which was twice as much as expected.
- Expenses increased by $41.4 million, reaching $61.2 million.
- Revenues fell 8.75% to $70 million.
- Bitcoin production decreased by 52% to 844 BTC.
Riot shares fell 1.18% after the report. 📉
Source: Riot Platforms, Google Finance