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Riot Platforms | 8-K: Riot Platforms Reports Third Quarter 2024 Financial Results, Current Operational and Financial Highlights

Riot Platforms | 8-K: Riot Platforms Reports Third Quarter 2024 Financial Results, Current Operational and Financial Highlights

Riot Platforms | 8-K:Riot Platforms公布2024年第三季度财务业绩、当前运营和财务摘要
美股SEC公告 ·  2024/10/31 04:27

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Riot Platforms reported Q3 2024 revenue of $84.8 million, up 65% YoY, driven by a 159% increase in deployed hash rate to 28 EH/s. The company produced 1,104 Bitcoin during the quarter, maintaining production levels despite the halving event. Bitcoin mining revenue reached $67.5 million, while engineering revenue was $12.6 million. The average cost to mine one Bitcoin was $35,376, up from -$22,741 in Q3 2023.The company maintained a strong financial position with $355.7 million in cash, $190.1 million in marketable securities, and 10,427 unencumbered Bitcoin. However, Q3 resulted in a net loss of $154.4 million, including a $38 million unrealized loss on marketable securities and $30.6 million in stock-based compensation expense.Riot revised its hash rate growth targets, now expecting 34.9 EH/s by end-2024 and 46.7 EH/s by end-2025, down from previous guidance due to delayed expansion in Kentucky facilities and extended timelines at the Corsicana Facility. The company projects reaching 65.7 EH/s by the end of 2026 through continued development of its Corsicana Facility and Kentucky operations.
Riot Platforms reported Q3 2024 revenue of $84.8 million, up 65% YoY, driven by a 159% increase in deployed hash rate to 28 EH/s. The company produced 1,104 Bitcoin during the quarter, maintaining production levels despite the halving event. Bitcoin mining revenue reached $67.5 million, while engineering revenue was $12.6 million. The average cost to mine one Bitcoin was $35,376, up from -$22,741 in Q3 2023.The company maintained a strong financial position with $355.7 million in cash, $190.1 million in marketable securities, and 10,427 unencumbered Bitcoin. However, Q3 resulted in a net loss of $154.4 million, including a $38 million unrealized loss on marketable securities and $30.6 million in stock-based compensation expense.Riot revised its hash rate growth targets, now expecting 34.9 EH/s by end-2024 and 46.7 EH/s by end-2025, down from previous guidance due to delayed expansion in Kentucky facilities and extended timelines at the Corsicana Facility. The company projects reaching 65.7 EH/s by the end of 2026 through continued development of its Corsicana Facility and Kentucky operations.
Riot Platforms报告了2024年第三季度营业收入为8480万美金,同比增长65%,这得益于已部署的哈希率增加了159%,达到了28 EH/s。该公司在本季度生产了1,104个比特币,尽管经历了减半事件,仍维持了生产水平。比特币挖矿营业收入达到6750万美金,而工程营业收入为1260万美金。挖掘一个比特币的平均成本为35,376美金,较2023年第三季度的-22,741美金有所上升。该公司维持了强健的财务状况,拥有35570万美金现金,19010万美金的可交易证券和10,427个未负担的比特币。然而,第三季度净亏损为15440万美金,包括3800万美金的可交易证券未实现损失和3060...展开全部
Riot Platforms报告了2024年第三季度营业收入为8480万美金,同比增长65%,这得益于已部署的哈希率增加了159%,达到了28 EH/s。该公司在本季度生产了1,104个比特币,尽管经历了减半事件,仍维持了生产水平。比特币挖矿营业收入达到6750万美金,而工程营业收入为1260万美金。挖掘一个比特币的平均成本为35,376美金,较2023年第三季度的-22,741美金有所上升。该公司维持了强健的财务状况,拥有35570万美金现金,19010万美金的可交易证券和10,427个未负担的比特币。然而,第三季度净亏损为15440万美金,包括3800万美金的可交易证券未实现损失和3060万美金的以股票为基础的薪酬费用。Riot调整了其哈希率增长目标,现在预计到2024年底达到34.9 EH/s,到2025年底达到46.7 EH/s,较之前的指引下调,原因是肯塔基州设施的扩展延迟以及考西卡纳设施的时间表延长。该公司预计到2026年底,通过持续发展其考西卡纳设施和肯塔基州的运营,哈希率将达到65.7 EH/s。
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