Riot Platforms (RIOT), one of the largest publicly traded bitcoin miners, posted mixed results for the second quarter on Wednesday.
The miner reported an adjusted loss per share of $0.17, topping FactSet consensus analyst predictions of a loss of $0.20 per share, although revenue was $76.7 million, falling short of analyst expectations of $84.6 million.
Revenue for the quarter included $49.7 million from bitcoin mining, $7.7 million from data centre hosting, and $19.3 million from engineering.
The quarterly revenue increased from $72.9 million the previous year, driven by a 27% increase in bitcoin production offset by lower bitcoin pricing.
Riot stock was down 1.4% to $16.12 in after-hours trading on Wednesday. Riot’s stock has up more than 383% this year.
