Riot Blockchain Non-GAAP EPS of -$0.50 misses by $0.46, revenue of $72.9M misses by $1.34M

Riot Blockchain Non-GAAP EPS of -$0.50 misses by $0.46, revenue of $72.9M misses by $1.34M

Riot Blockchain press release (NASDAQ:RIOT): Q2 Non-GAAP EPS of -$0.50 misses by $0.46. Revenue of $72.9M (+112.5% Y/Y) misses by $1.34M. Increased mining revenue by 47% to $46.2M for the three-month period ended June 30, 2022, as compared to $31.5M for the same three-month period in 2021. Non-GAAP Adjusted EBITDA for the quarter ended June 30, 2022 was -$65.2M, as compared to Non-GAAP Adjusted EBITDA of $2.4M for the same three-month period in 2021. Increased BTC production quantity by 107% to 1,395 BTC during the three-month period ended June 30, 2022, as compared to 675 BTC during the same three-month period in 2021. As of June 30, 2022, the company had a deployed fleet of 44,720 ASIC miners, with a hash rate capacity of 4.4 EH/s. By Q1 2023, Riot anticipates a total self-mining hash rate capacity of approximately 12.5 EH/s, assuming full deployment of approximately 115,450 Antminer ASICs.

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