THE MINING POD: Reviewing Riot’s Q3 2024 Performance
Description
We watched Bitcoin miner Riot’s Q3 financial reporting and ripped a podcast right after!
Welcome back to The Mining Pod! We watched Riot Platform's Q3 2024 earnings call last week and then ripped an analysis show, featuring mining expert Penny Ether. Discussion covers hash rate growth, operational efficiency, potential AI/HPC pivot, Bit Farms acquisition strategy, and future mining industry challenges.
Link to the article: https://blog.coinshares.com/no-end-in-sight-for-the-asic-arms-race-4ede8e346cbf
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Timestamps:
01:11 Post call discussion
01:58 Earnings call highlights
04:24 Revenue expectations
07:22 Did RIOT beat expectations
10:52 Cost of Revenue
12:19 Curtailment
17:34 Equity Dilution
21:14 Access to debt financing
25:38 Bitfarms
30:22 HPC & AI business lines
38:31 Russia & China
41:25 Timing the HPC market
Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
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"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.
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