THE MINING POD: Reviewing Riot’s Q3 2024 Performance

CoinDesk Podcast Network

We watched Bitcoin miner Riot’s Q3 financial reporting and ripped a podcast right after!

Welcome back to The Mining Pod! We watched Riot Platform's Q3 2024 earnings call last week and then ripped an analysis show, featuring mining expert Penny Ether. Discussion covers hash rate growth, operational efficiency, potential AI/HPC pivot, Bit Farms acquisition strategy, and future mining industry challenges.

Link to the article: https://blog.coinshares.com/no-end-in-sight-for-the-asic-arms-race-4ede8e346cbf

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Timestamps:

01:11 Post call discussion

01:58 Earnings call highlights

04:24 Revenue expectations

07:22 Did RIOT beat expectations

10:52 Cost of Revenue

12:19 Curtailment

17:34 Equity Dilution

21:14 Access to debt financing

25:38 Bitfarms

30:22 HPC & AI business lines

38:31 Russia & China

41:25 Timing the HPC market

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

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Follow our hosts on Twitter: @wsfoxley, @cbspears, @AsILayHodling, @MatthewKimmell

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey Inc. with Senior Producer Damien Somerset.

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