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Dec 31, 2021
Riot Q4 2021 Earnings Report
Riot had a transformative year with record revenue and emerged as a vertically-integrated industry leader in Bitcoin mining.
Key Takeaways
Riot Blockchain reported record financial results for the year ended December 31, 2021, with significant increases in mining revenue and hash rate. The company is well-positioned for future growth with low-cost infrastructure and a strong balance sheet.
Total mining revenue increased by 1,439% year-over-year.
Mining revenue in excess of mining cost of revenues was $138.9 million, representing 75% of total mining revenue.
Net loss for 2021 was $(7.9) million, or $(0.08) per share.
The Company had $471.9 million in cash and cryptocurrencies at the end of the year.
Riot
Riot
Forward Guidance
Riot Blockchain will continue to leverage its industry-leading position and focus on driving operational, technological and financial improvements that are expected to deliver results for our shareholders.