Riot Platforms Q2 revenue falls short of consensus as bitcoin mining costs rise
Main Idea
Riot Platforms (NASDAQ:RIOT) stock dropped 6.8% in after-hours trading due to higher bitcoin mining costs and increased global network hashrate, impacting Q2 revenue expectations.
Key Points
1. Riot Platforms (NASDAQ:RIOT) stock declined 6.8% in Thursday after-hours trading.
2. The drop was attributed to higher bitcoin mining costs compared to a year ago.
3. The average global network hashrate also increased, affecting Q2 revenue expectations.
Description
More on Riot Platforms Despite 2 Scary Words - Bitcoin And Diversification, I'm A Riot Platforms Fan Riot Platforms Looks Good Heading Into Year-End Riot Platforms' Diversification Plan May Face Immense Competition Riot Platforms reports Q2 results
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