Bitcoin mining company Riot Platforms reported a net loss of $154.4 million in the third quarter

ChainCatcher news, according to The Block, Bitcoin mining company Riot Platforms released its Q3 2024 financial report. The report shows that the company's total revenue for the third quarter was $84.8 million, with Bitcoin mining revenue accounting for $67.5 million, and a net loss of $154.4 million, resulting in a loss per share of $0.54, significantly exceeding market expectations of a loss per share of $0.18.

In the third quarter, a total of 1,104 Bitcoins were produced, essentially flat compared to 1,106 Bitcoins in the same period last year. As of the end of the quarter, the company held approximately $1.3 billion in cash, restricted cash, and securities, as well as 10,427 Bitcoins.