Analysis of Riot Blockchain's Q3'22 Earnings

InstitutionalNovember 8, 2022, 5:06PM EST
UPDATED: April 21, 2023, 5:01PM EDT
Analysis of Riot Blockchain's Q3'22 Earnings
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Riot closed yesterday trading at $5.75 / share, (74%) YTD and (1.0%) move in 1-day trading. 

Riot's revenue contracted across all segments. Their main topline generation derived from BTC mining declined 52.2% QoQ and 58.8% YoY. Data center hosting fell 14.9% QoQ and 25.2% YoY. On an aggregate basis, revenue fell 36.5% QoQ and 28.6% YoY. 

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