U.S. markets open in 7 hours 9 minutes

  • S&P Futures

    4,484.25
    +8.75 (+0.20%)
     

  • Dow Futures

    35,347.00
    +66.00 (+0.19%)
     

  • Nasdaq Futures

    15,338.25
    +33.75 (+0.22%)
     

  • Russell 2000 Futures

    2,212.60
    +6.00 (+0.27%)
     

  • Crude Oil

    65.86
    +0.22 (+0.34%)
     

  • Gold

    1,805.00
    -1.30 (-0.07%)
     

  • Silver

    23.58
    -0.07 (-0.30%)
     

  • EUR/USD

    1.1752
    +0.0003 (+0.02%)
     

  • 10-Yr Bond

    1.2550
    0.0000 (0.00%)
     

  • Vix

    17.15
    -1.41 (-7.60%)
     

  • GBP/USD

    1.3742
    +0.0019 (+0.14%)
     

  • USD/JPY

    109.7800
    +0.1000 (+0.09%)
     

  • BTC-USD

    49,685.33
    -500.37 (-1.00%)
     

  • CMC Crypto 200

    1,257.88
    -5.56 (-0.44%)
     

  • FTSE 100

    7,109.02
    +21.12 (+0.30%)
     

  • Nikkei 225

    27,732.10
    +237.86 (+0.87%)
     

Riot Blockchain Reports Record Q2 Results

  • Oops!
    Something went wrong.
    Please try again later.
Nelson Wang
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Bitcoin mining company Riot Blockchain reported that revenues grew to a record $34.3 million in the second quarter, up from just $1.9 million in the year-ago quarter. Net income came in at 22 cents per share versus a loss of 31 cents a share in the second quarter of 2020.

  • Analysts had been expecting revenues of $32.6 million for the quarter and adjusted earnings per share of one cent.

  • Riot shares were rising 2.4% to $36.58 in after-hours trading Monday following the release of the results. They rose over 4% during the day as bitcoin prices rose above $50,000 earlier in the day for the first time in three months. Shares are up almost 117% year to date.

  • Riot closed the acquisition of Whinstone in the quarter, helping create one of the largest hosting and mining companies in North America as measured by developed and future capacity.

  • Earlier this month, Riot forecast that its new facility in Texas will lift its total hash rate capacity to 7.7 EH/s by the fourth quarter of 2022.

  • Recent SEC filings revealed that asset management giant Black Rock owned a 6.6% stake in Riot, as well as a 6.7% stake in rival miner Marathon Digital, as of the end of the second quarter. Together, Black Rock’s stakes in the two companies amounted to almost $400 million.

UPDATE (August 23, 20:55 UTC): Added information about Whinstone in the third bullet point.

Related Stories

Recommended Stories

  • Think Research Corporation Announces June 30, 2021 Second Quarter Financial Results

    Think Research Corporation (TSXV: THNK) ("THINK" or the "Company"), a healthcare technology company focused on transforming healthcare through integrated digital health software solutions, today reported 2021 second quarter unaudited financial results.

  • Visa Enters NFT Collectibles Market With Symbolic Purchase

    Payments processor Visa said Monday it bought a CyberPunk, a non-fungible token of a digital artwork, for about $150,000 in ethereum. Visa stock rose. NFTs are units of data stored on a digital ledger called a blockchain.

  • Taper talk looms over Fed's (virtual) Jackson Hole conference

    Fed Chairman Jay Powell will likely make a speech on Friday, but expectations are for him to avoid any specifics on the timing of tapering the central bank's asset purchases.

  • CFTC Commissioner Stump Decries ‘Oversimplification’ That Crypto Is Either a Security or Commodity

    The CFTC has jurisdiction only when looking at futures or other derivatives products, Stump said.

  • Facebook Is Taking Heat Over Covid-19 Misinformation. Why the Stock Is Rising.

    A White House spokesman criticized the company following a weekend of controversy over its disclosures regarding the spread of misinformaton via its platforms.

  • Why Did Visa Buy a $150K NFT? Why Does Anyone?

    There are some very good reasons, it turns out, rooted in our deep, totally irrational animal brains.

  • Target Has Another Excellent Quarter; What's the Secret Sauce?

    The retail giant's CEO cannot point to one thing, but same-day fulfillment options are a huge driver of success.

  • Enjoy Technology Announces Second Quarter and First Half 2021 Financial Results

    Enjoy Technology, Inc., ("Enjoy"), a technology-powered service platform reinventing "Commerce at Home," today reported its financial results for the second quarter and six months ended June 30, 2021. Enjoy's financial results have been filed on a Form S-4 Amendment with the Securities and Exchange Commission (the "SEC") by Marquee Raine Acquisition Corp. (NASDAQ: MRAC) ("Marquee Raine" or "MRAC" ) in connection with the previously announced business combination between Enjoy and MRAC. Highlight

  • Fed tapering bond purchases could pressure stock market: Jeffrey Gundlach

    DoubleLine Capital founder and CEO Jeffrey Gundlach shares his market outlook with Yahoo Finance Live.

  • Why Robinhood may be more than a ‘meme stock phenomenon’

    Shares of Robinhood Markets Inc. are rising Monday after picking up a handful of new fans on Wall Street who praised the company's unique positioning.

  • Bitcoin hovers around $50K as Paypal launches UK crypto service

    Meltem Demirors, CoinShares Chief Strategy Officer, talks Bitcoin hitting a nearly 3-month high, PayPal launching crypto service in UK, and Visa's first NFT purchase.

  • You're probably owed a car insurance 'stimulus check,' lawsuit and critics say

    Insurers pocketed $30 billion in extra profits, even after rebates, watchdogs say.

  • Why Canoo, Romeo Power, and Velodyne Lidar Are Surging Today

    One, Velodyne Lidar (NASDAQ: VLDR), was rising on new developments in an activist shareholder's battle with company management; Romeo Power (NYSE: RMO) and Canoo (NASDAQ: GOEV), by contrast, were up sharply on no apparent news -- but they (and Velodyne) may have been undergoing short squeezes. Canoo was up by about 26.7%. Romeo Power was up by about 16.1%.

  • These 2 Stocks Just Soared After Hours Monday

    Enthusiasm about the potential success of COVID-19 vaccination efforts and economic strength helped market participants lift major market indexes substantially. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all were higher, with the Nasdaq finishing at a record and the S&P falling short by just a fraction of a point. Palo Alto Networks (NYSE: PANW) and Cara Therapeutics (NASDAQ: CARA) were both up by double-digit percentages late Monday, and below, we'll go into the details.

  • China Tech Stocks Rebound on Buying From Cathie Wood and Tencent

    (Bloomberg) -- Chinese technology stocks rallied for a second day, as sentiment was boosted by Tencent Holdings Ltd.’s stock buyback and as Cathie Wood bought back into JD.com after a strong set of results.The Hang Seng Tech Index extended its advance to as much as 5.3%, adding to a gain of more than 2% on Monday, after a five-week rout that took the gauge to the lowest level since inception last year.While there’s no indication that China’s regulatory crackdown will ease, the absence of signifi

  • Why Amazon, Nvidia, and Salesforce Stocks Popped Today

    Shares of Amazon.com (NASDAQ: AMZN), Salesforce.com (NYSE: CRM), and Nvidia (NASDAQ: NVDA) were up 2%, 2%, and 5%, respectively, as investors rotated back into high-quality growth stocks. Barron's highlighted Amazon's attractive growth prospects -- in e-commerce, cloud computing, digital advertising, logistics, and healthcare -- in a bullish report on Friday. "Growth at Amazon Web Services is accelerating, and revenue from the unit could hit an annualized $100 billion by 2023," Savitz and Cherney said.

  • Chip shortage to worsen, Trillium pops 180% after Pfizer buyout, Coinbase reassures on stablecoins

    Yahoo Finance’s Jared Blikre reports on the day's trending tickers.

  • Warren Buffett Is Selling These 10 Stocks

    In this article, we discuss the 10 stocks Warren Buffett is selling. If you want to skip our detailed analysis of these stocks, go directly to Warren Buffett Is Selling These 5 Stocks. Warren Buffett, the chief of Nebraska-based Berkshire Hathaway, is often referred to as the “Sage of Omaha” due to his incredibly successful […]

  • 3 Big Dividend Stocks Yielding at Least 8%; RBC Says ‘Buy’

    Market trends are generally heading up, and investors are feeling confident. The S&P 500 has gained 20% so far this year, and the NASDAQ has gained 15%; for now, it looks like the confidence is justified. The economy’s reopening is proceeding apace, and both investors and consumers are looking forward to a more normal 2022. In a recent note for RBC, the firm’s head of US equity strategy, Lori Calvasina, acknowledges the optimism – and also points out the potential fly in the ointment. Stock perf

  • 2 Ultra-Yielding Dividend Giants Poised to Raise Dividends

    The Federal Reserve cut its benchmark rate to near zero to deal with COVID-19, and rates across the board have plummeted. Currently, the 30-year U.S. Treasury bond is yielding 1.93%, a figure even lower than during the financial crisis. At the same time, inflation is running above 5%, which means these investors are earning negative real returns and losing purchasing power!