Riot Q2 2022 Earnings Report
Key Takeaways
Riot Blockchain, Inc. reported financial results for the three-month period ended June 30, 2022, with key financial highlights including mining revenue in excess of mining cost of revenues of $28.2 million and power curtailment credits totaling approximately $5.7 million. The company reported a net loss for the quarter ended June 30, 2022, was $(366.3) million, or $(2.81) per share.
Mining revenue in excess of mining cost of revenues (excluding depreciation and amortization) was $28.2 million (61% of mining revenue).
Power curtailment credits received totaled approximately $5.7 million for the quarter ended June 30, 2022.
Net loss for the quarter ended June 30, 2022, was $(366.3) million, or $(2.81) per share.
The Company anticipates a total self-mining hash rate capacity of approximately 12.5 EH/s by Q1 2023.
Riot
Riot
Forward Guidance
Riot anticipates a total self-mining hash rate capacity of approximately 12.5 EH/s by Q1 2023.