🚨🚨 #RiotPlatforms 🚨🚨

❓ Question:

🤔💰 How did Riot Platforms perform financially in 2024? 📊🚀

🔹 Key Points:

📈 Record Annual Revenue: Riot Platforms reported a total revenue of $376.7 million 💵 for 2024, marking a 34.2% increase 📊 compared to 2023. 🚀💰

💎 Massive Profit Turnaround: The company achieved a net income of $109.4 million 🏆, bouncing back from a net loss of $49.4 million ❌💸 in 2023.

📊 Third Quarter Performance:

💲 Revenue: $84.8 million, with $67.5 million from Bitcoin mining 🏗️🖥️.

📉 Net Loss: $(154.4) million ❌, impacted by reduced power credits ⚡ and rising costs 💡.

🔗 More details here.

⚡ Hash Rate Expansion: Riot’s self-mining hash rate surged to 28 EH/s 🚀, a 159% increase from last year! 🔥💻

📉 Revised Projections: Due to delays ⏳, the year-end hash rate target was adjusted to 34.9 EH/s 📉 (down from 36.3 EH/s 📊).

📉 Stock Performance: As of February 25, 2025, Riot's stock (RIOT) is trading at $9.99 📉, reflecting a 4.59% drop 📉📉.