THE MINING POD: Reviewing Riot’s Q3 2024 Performance
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 8 November 2024
⏱️ 50 minutes
🧾️ Download transcript
Summary
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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Transcript
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| 0:00.0 | What's good y'all? Happy Halloween and welcome back to the Bitcoin Stock Show. Today, we've got a special treat, a debrief of Riot's Q3 earnings call with special guest Penny Ether. |
| 0:12.0 | So yesterday we live streamed Riot's Q3 earnings call and then afterwards we stayed on the line, brought Penny Ether on, chopped it up with him, talked some stats, |
| 0:21.4 | added some color and commentary, and basically just gave a recap of the highlights and lowlights |
| 0:26.2 | of Riot's Q3 earnings. |
| 0:28.0 | So that's in store for today's show. |
| 0:30.5 | We did not include the actual earnings call. |
| 0:33.7 | If you want to listen to that, you can hop on our YouTube and check that out. |
| 0:37.2 | But without further |
| 0:37.9 | ado, let's get right to the show after a quick word from our sponsors. |
| 0:41.5 | Are you retail or institutional investor interested in Bitcoin mining companies? The Miner |
| 0:45.8 | Mag brings you free data and analysis from all major NASDAQ listed Bitcoin mining operations to know |
| 0:50.9 | who stands out. Check out visualized metrics and data-dependent stories at |
| 0:54.6 | the miner mag.com. Thanks for listening to The MiningPod. Want more? Subscribe to our main feed on Apple, |
| 1:01.0 | Spotify, YouTube, or wherever else you get your podcast for another weekly show on Bitcoin stocks. |
| 1:06.5 | And check out our newsletter at miningpod.blocspace.media today. |
| 1:11.1 | Okay, so a lot to unpack from that. |
| 1:13.5 | And if you all have anything that you want us to talk specifically, |
| 1:16.9 | obviously we got Penny in the chat, great resource. |
| 1:19.7 | He's slinging numbers around. |
| 1:22.5 | I wouldn't mind getting him up here on the stage. |
| 1:25.0 | Penny, if that is interesting to you, let us know. |
| 1:28.0 | Just dropped you a stream yard link into Twitter DMs. |
... |
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