Riot Platforms: Cost Of Mining Bitcoin Close To $90K, Hamper Sustainable Profitability

On Monday, Riot Platforms (NASDAQ: RIOT ) reported its Q4 results . Its revenue beat estimates at $376M vs. a$372M consensus, up dramatically from $281M last year due to the sharp rise in Bitcoin's price. That said, the company produced less Bitcoin at ~4.83K inHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also ...