November 8, 2022, 5:06PM EST
• 2 min read

Analysis of Riot Blockchain's Q3'22 Earnings

Quick Take

  • Reported earnings November 7, 2022 and closed at $5.75 per share 
  • Mining cost as a percentage of sales doubled increased from 39.0% to 66.5% QoQ
  • Aggregate revenues fell 36.5% to $46.3mm from $72.9,mm QoQ 
  • Raised $298.4mn in ATM Offering at a weighted average price of $8.23 per share, a ~30% dislocation from current trading prices

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here