Riot Platforms posts a Q2 GAAP loss of $0.68 per share while revenue climbs to $174.2M, exceeding expectations.
Riot Platforms reported a Q2 GAAP loss of $0.68 per share, missing estimates by $0.39. Revenue reached $174.2M, up 13.9% year-over-year and $21.32M above consensus.
The company’s data center revenue totaled $23.2 million for the quarter, split between $4.9 million in operating lease revenue and $18.3 million from tenant fit-outs. Prior-year comparisons were not provided in the release.
No immediate market reaction was detailed in the report.