Riot Blockchain Has Solid Quarter; Awaits Bitcoin Price Rebound [Seeking Alpha]
Riot Platforms, Inc. (RIOT)
Last riot platforms, inc. earnings: 8/8 04:30 pm
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US:NASDAQ Investor Relations:
ir.riotblockchain.com
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Source: Seeking Alpha
BlackSalmon/iStock via Getty ImagesRiot Blockchain (NASDAQ:RIOTWhile the company was slightly under expectations on the revenueside, I'm not concerned with that because of its healthy balance sheet and the eventual rebound in Bitcoin's (BTC-USD) price. When combined with the increase in Bitcoin mined, it's only a matter of time before the company boosts revenue significantly beyond current levels.In this article we'll look at the key catalyst for RIOT, its long-term durability, and how it's strongly positioned to leverage the price of Bitcoin once sentiment turns positive concerning the flagship cryptocurrency.Latest earningsRevenue in Q1Net income for the quarter climbed to $35.4 million, or $0.30 per share, against the net income of $7.5 million, or $0.09 per share generated in Q1 of 2021.Interestingly, the company said it chose to "exclude" an impairment of $26.4 million in the quarter that had a negative impact on net income; something readers should take into account when evaluat
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RIOT
News
- Riot Energizes New Corsicana Facility in Navarro County, TexasGlobeNewswire
- Riot Announces March 2024 Production and Operations UpdatesGlobeNewswire
- Reformed Energy, a Waste-to-Energy Company, Secures Strategic Investment from Riot PlatformsPR Newswire
- Thinking about buying stock in SoundHound AI, Eli Lilly, Dell Technologies, NKGen Biotech, or Riot Platforms?PR Newswire
- Riot Announces February 2024 Production and Operations UpdatesGlobeNewswire
RIOT
Earnings
- 11/7/23 - Beat
RIOT
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form PRE
- 3/19/24 - Form 4
- RIOT's page on the SEC website