Wall Street Bitcoin Miner's Net Loss Surges over 90% in Q3 2024

Riot Platforms (NASDAQ: RIOT), the third largest Bitcoin mining company on Wall Street, reported a significantly wider net loss in the third quarter despite higher revenue, as the cost of mining each BTC soared and power-related benefits diminished.

Oct 31, 2024 - 05:36
Wall Street Bitcoin Miner's Net Loss Surges over 90% in Q3 2024
BTC BitcoinRiot Platforms (NASDAQ: RIOT), the third largest Bitcoin mining company on Wall Street, reported a significantly wider net loss in the third quarter despite higher revenue, as the cost of mining each BTC soared and power-related benefits diminished.

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