Riot Blockchain, Inc, a Colorado-based Bitcoin mining company, announced its first-quarter 2022 earnings, with a new record total revenue for the quarter, up 244% year-over-year to $79.8 million, and its production of bitcoin increased year-over-year in the first quarter of 2022 by 186% to 1,405 BTC. Riot Blockchain said the net income for the first quarter of 2022 increased to $35.6 million for the three-month period ending March 31, 2022, compared to just $7.5 million in the same period last year. In the first quarter of 2022, Bitcoin production reached…
Riot Blockchain Generates $79.8m Revenue with YoY Increase of 244%
