Crypto miner Riot Blockchain, Inc. (NASDAQ:RIOT) has managed to sustain its operations in the third quarter despite the softness in the industry. In the past week, stock prices of most cryptocurrency-related companies have slipped owing to the FTX-Alameda debacle. RIOT stock has also lost 11.1% in the past five trading days. Riot’s Q3FY22 Results Show a Promising Trend On November 7, Riot Blockchain reported a wider-than-expected quarterly loss of $0.24 per share, much wider than analysts' expectations of a profit of $0.01 per share. The figure was even worse than the prior-year quarter's loss of $0.16 per share. Similarly, the revenue of $46.30 million missed analysts' estimates of $56.
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