Riot Platforms Q3 2024 Financial Report: $84.8M Revenue, $154.4M Net

Riot Platforms, a Bitcoin mining company, has released its financial report for the third quarter of 2024. The company reported total revenue of $84.8 million, with Bitcoin mining revenue accounting for $67.5 million. However, Riot Platforms also reported a significant net loss of $154.4 million, or $0.54 per share, which greatly exceeded market expectations of a loss of $0.18 per share.

During the third quarter, Riot Platforms produced a total of 1,104 Bitcoins, which is almost identical to the 1,106 Bitcoins produced in the same period last year. As of the end of the quarter, the company held approximately $1.3 billion in cash, restricted cash, and marketable securities, as well as 10,427 Bitcoins.

Source: [The Block Beats](https://m.theblockbeats.info/news/268573)