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Riot Platforms | 10-Q: Q2 2024 Earnings Report

Riot Platforms | 10-Q: Q2 2024 Earnings Report

Riot Platforms | 10-Q:2024财年二季报
美股SEC公告 ·  07/31 17:16

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Riot Platforms, Inc., a vertically-integrated Bitcoin mining company, reported its financial performance for the quarter ended June 30, 2024. The company's total revenue for the quarter was $70.0 million, a decrease from $76.7 million in the same period the previous year. The Bitcoin Mining segment's revenue increased to $55.8 million, up from $49.7 million, primarily due to higher Bitcoin prices, despite a decrease in the number of Bitcoin mined due to increased network difficulty and the April 2024 halving. Engineering revenue decreased to $9.6 million from $19.3 million, attributed to supply chain constraints. The company's segment gross profit was $17.1 million, up from $12.9 million in the previous year. However, Riot Platforms experienced a net loss before taxes of $84.4 million for the quarter, compared to a loss...Show More
Riot Platforms, Inc., a vertically-integrated Bitcoin mining company, reported its financial performance for the quarter ended June 30, 2024. The company's total revenue for the quarter was $70.0 million, a decrease from $76.7 million in the same period the previous year. The Bitcoin Mining segment's revenue increased to $55.8 million, up from $49.7 million, primarily due to higher Bitcoin prices, despite a decrease in the number of Bitcoin mined due to increased network difficulty and the April 2024 halving. Engineering revenue decreased to $9.6 million from $19.3 million, attributed to supply chain constraints. The company's segment gross profit was $17.1 million, up from $12.9 million in the previous year. However, Riot Platforms experienced a net loss before taxes of $84.4 million for the quarter, compared to a loss of $27.3 million in the same period last year, largely due to a $76.4 million loss in the fair value of Bitcoin. For the six months ended June 30, 2024, the company reported a net income of $127.3 million, including non-cash gains from the change in fair value of Bitcoin and other investments. Riot Platforms continues to expand its mining operations, with a total deployed hash rate capacity of approximately 22.0 EH/s as of June 30, 2024, and anticipates achieving 36.3 EH/s by the end of the year. The company also completed the acquisition of Block Mining, adding to its operational capacity. Riot Platforms has ceased its Data Center Hosting operations to focus on self-mining efforts and has no plans to offer these services to new customers. The company's future plans include further development of its Corsicana Facility and strategic growth initiatives to capitalize on industry consolidation.
比特币整合公司 Riot Platforms 报告了2024年6月30日季度的财务表现。该公司本季度的总营业收入为7000万美元,较去年同期的7670万美元有所下降。比特币挖掘板块的营业收入由于比特币价格上涨,尽管由于网络难度的提高和2024年4月的减半导致比特币采矿数量下降,但仍从4970万美元增至5580万美元。工程收入由于供应链限制减少,从1930万美元降至960万美元。该公司板块的毛利润为1710万美元,较去年同期的1290万美元上涨。然而,比特币公平价值损失达7640万美元,致使 Riot Platforms 在本季度税前净亏损达8440万美元,而去年同期的净亏损为2730万美元。截...展开全部
比特币整合公司 Riot Platforms 报告了2024年6月30日季度的财务表现。该公司本季度的总营业收入为7000万美元,较去年同期的7670万美元有所下降。比特币挖掘板块的营业收入由于比特币价格上涨,尽管由于网络难度的提高和2024年4月的减半导致比特币采矿数量下降,但仍从4970万美元增至5580万美元。工程收入由于供应链限制减少,从1930万美元降至960万美元。该公司板块的毛利润为1710万美元,较去年同期的1290万美元上涨。然而,比特币公平价值损失达7640万美元,致使 Riot Platforms 在本季度税前净亏损达8440万美元,而去年同期的净亏损为2730万美元。截至2024年6月30日的六个月净利润为12730万美元,其中包括从比特币和其他投资的公平价值变动中获得的非现金收益。Riot Platforms 继续扩大其采矿业务,截至2024年6月30日的总哈希率容量约为22.0 EH/s,并计划在今年年底达到36.3 EH/s。该公司还完成了对Block Mining的收购,扩大了其运营能力。Riot Platforms已停止数据中心托管业务,转而专注于自我采矿,无计划向新客户提供这些服务。该公司未来的计划包括进一步发展其Corsicana设施和战略增长计划,以利用行业整合。
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