Financial PerformanceThird quarter revenues of $84.8 million missed expectations, with self-mining revenues lagging behind projections and resulting in an EBITDA loss.
Market PerceptionShares are currently ascribing little to no value to the company's mining, or potential HPC, business.
Operational ChallengesRIOT walked back FY24/25 hash rate guidance, citing delays in the expansion of power at its newly acquired Kentucky sites into 2026-27 and supply chain delays at Corsicana that push one building into 2026.