Riot revenue rises 65% from 2023 but says hashrate plans hampered
Thu, Oct 31, 2024 9:35 AM

Riot revenue rises 65% from 2023 but says hashrate plans hampered

A Flip by Avya Verma
Get it on Google Play
Bitcoin miner Riot posted an increase in revenue but also an increase in net losses due to reduced power credits and higher operating expenses. Bitcoin mining giant Riot Platforms has posted a 65% year-on-year increase in revenue but has had to hamper its hashrate expansion plans due to challenges at its United States facilities.

More great flips

Kansai Nerolac Q2 Results | Net profit tanks 31%, revenue flat

Kansai Nerolac Q2 Results | Net profit tanks 31%, revenue flat

Paint maker Kansai Nerolac Paints Ltd on Wednesday (November 6) reported a 30.7% year-on-year (YoY) slide in net profit at ₹122.8 crore for the second quarter that ended September 30 against  ₹177.2 crore in the corresponding period in the last fiscal. The company's revenue from operations dipped 0.3% to ₹1,951.4 crore compared to ₹1,956.5 crore in the year-ago period.

Open Flip
Trade Setup for Nov 7: Will 24,500 act as a hurdle for a Nifty recovery?

Trade Setup for Nov 7: Will 24,500 act as a hurdle for a Nifty recovery?

What a session! Continuing from where we left off after Tuesday's rebound, the market extended its rally on Wednesday, gaining over 1%, bolstered by positive global cues and significant developments in the US elections. BSE-listed companies gained nearly ₹8 lakh crore in market capitalisation in today's trade. All the sectoral indices closed in the green.

Open Flip
Tata Steel beats Q2 estimates with ₹758 crore YoY profit

Tata Steel beats Q2 estimates with ₹758 crore YoY profit

Tata Steel outperformed expectations in its second-quarter results for FY24, reporting a net profit of ₹758 crore, sharply above the CNBC-TV18 poll estimate of ₹210 crore. This marks a strong comeback from a loss of ₹6,511 crore in the same quarter last year. Revenue stood at ₹53,904.7 crore, slightly exceeding the forecasted ₹53,425 crore but reflecting a 3.2% year-on-year.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon