Share this article
Bitcoin Miner Riot Blockchain Delays Earnings Report to Sort Out How Much Crypto Rout Devalued Its Assets
Its rivals Marathon, Cipher and CleanSpark all managed to get their results out this week as expected.
Updated May 11, 2023, 6:51 p.m. Published Aug 9, 2022, 10:13 p.m.
Bitcoin miner Riot Blockchain (RIOT) delayed its quarterly earnings report because it needs more time to calculate how much the cryptocurrency rout, the war in Ukraine and other macroeconomic issues have cut the value of its assets.
The delay was disclosed in a Tuesday filing with the U.S. Securities and Exchange Commission, less than a week after the company said it planned to release the figures on Aug. 9. Riot's rivals Marathon Digital Holdings (MARA), Cipher Mining (CIFR) and CleanSpark (CLSK) all reported their earnings this week as anticipated.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Riot became one of the industry's biggest miners when it bought a gigantic facility in Rockdale, Texas, in May 2021. Bitcoin miners have seen their margins slashed as the price of the world's biggest cryptocurrency by market value has dropped while energy prices, a major part of miners' costs, have soared globally due to the war in Ukraine.
Last week, Riot said it mined 28% fewer bitcoin in July than usual. Riot curtailed its energy consumption, earning $9.5 million in power credits, as heatwaves swept through Texas, increasing the state's demand for power. During the same month, 12,146 of Riot's mining rigs were offline as they were transferred from New York to Texas.
Riot's stock fell about 2% following the disclosure of the delay.
Read more: Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
Top Stories
