2023-08-09 17:16:00 ET
- Riot Platforms press release ( NASDAQ: RIOT ): Q2 GAAP EPS of -$0.17 beats by $0.03 .
- Revenue of $76.7M (+5.2% Y/Y) misses by $8.76M .
- Non-GAAP Adjusted EBITDA for the quarter was $24.0 million, as compared to Non-GAAP Adjusted EBITDA of $(65.9) million for the same three-month period in 2022.
- Produced 1,775 Bitcoin during the quarter, as compared to 1,395 Bitcoin during the same three-month period in 2022. Higher Bitcoin production was driven by a significant increase in miners deployed year over year.
- The average cost to mine Bitcoin was $8,389 in the second quarter, as compared to $11,316 per Bitcoin for the same three-month period in 2022.
- Q2 Presentation
- Shares -0.49% AH.
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Riot Platforms GAAP EPS of -$0.17 beats by $0.03, revenue of $76.7M misses by $8.76M