Riot Stock: Bitcoin Miner Posts $104M Quarterly Profit as Shares Decline

TLDR Riot Platforms reported $104.5 million Q3 net income on $180.2 million revenue, recovering from $76.9 million first-half losses. The miner produced 1,406 bitcoin during the quarter at an average cost of $46,324 per coin, up from $35,376 last year. Riot’s bitcoin treasury holds nearly 20,000 BTC valued at over $2 billion, contributing $133.1 million [...]

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