Riot Platforms surges as Q3 earnings beat expectations By Investing.com
Update: 2025-10-30
Description
Riot Platforms' Q3 earnings surpassed expectations, with adjusted earnings per share at twenty-six cents and revenue reaching a record-breaking one hundred eighty point two million dollars. The company's bitcoin mining operations saw a significant increase, mining one thousand four hundred six bitcoin and doubling their mining revenue. Riot also started developing the first two buildings at their Corsicana data center campus in Texas, adding one hundred twelve megawatts of IT capacity. The company's bottom line was boosted by a gain on their bitcoin holdings, valued at roughly two point two billion dollars. Despite higher mining costs, Riot's strong results and expansion plans have investors eager to see their future growth.
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