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What's Going On With Bitcoin Mining Stock Riot Platforms?
Riot Platforms Inc (NASDAQ:RIOT) shares are trading higher Wednesday on the heels of the Bitcoin (CRYPTO: BTC) mining company’s first-quarter results. Here’s a look at the highlights from the quarter.
What Happened: Riot Platforms reported first-quarter revenue of $79.3 million, which missed the consensus estimate of $94.859 million, per Benzinga Pro. The company reported positive earnings of 82 cents per share, beating estimates for a loss of 14 cents per share.
Riot said it produced 1,264 bitcoin during the quarter, ...