Riot Platforms Shares Jump Pre-Market After Posting Unexpected Profit on Record Revenue

Riot Platforms (RIOT) shares rose 5% pre-market after the bitcoin (BTC) mining company unexpectedly posted a third-quarter profit on record revenue. Net income was $104.5 million, or 26 cents per diluted share, compared with a loss of $154.4 million, or 54 cents, the year before. The company had been expected to post a 12 cent-a-share loss, according to Zacks Equity Research. Revenue more than doubled to $180.2 million from the year-earlier quarter, driven mainly by a $93 million increase in bitcoin mini ...