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Crypto Corner Podcast 717: Stocks discussed: (Nasdaq: $RIOT) (Nasdaq: $CAN) (Nasdaq: $HIVE)

Riot Blockchain, Canaan Inc., and HIVE Report Quarterly Results

 

Point Roberts, WA and Delta, BC - November 16, 2021 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.

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https://www.investorideas.com/Audio/Podcasts/2021/111621-CryptoMarket.mp3

Crypto Corner Podcast 717: Stocks discussed: (Nasdaq: $RIOT) (Nasdaq: $CAN) (Nasdaq: $HIVE)

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Stocks discussed: (NasdaqCM:RIOT) (NasdaqGM:CAN) (NasdaqCM:HIVE)

Riot Blockchain, Inc. (NasdaqCM:RIOT) has reported its financial results for the three month period ended September 30, 2021. Highlights include a total revenue of $64.8 million for the quarter, an increase of 2,532 percent from the $2.5 million recorded for the same quarter in 2020. Jason Les, CEO of Riot, said:

"We are extremely pleased to report another quarter of record financial results. These results demonstrate the continuous financial and operational improvements that management is focused on delivering for shareholders. Riot's technology-focused, vertically integrated strategy significantly de-risks the Company's future growth plans. Additionally, it enhances future capital efficiencies as technological improvements, such as industrial-scale immersion technologies, are systematically incorporated into future hash rate deployments. With these strengths of Riot at play, the future financial opportunities for the Company are exciting."

Canaan Inc. (NasdaqGM:CAN) has announced its unaudited financial results for the third quarter ended September 30, 2021. The company posted a total net revenue of $204.5 million, representing an increase of 708.2 percent from the same period in 2020. Nangeng Zhang, the company's Chairman and CEO, said:

"In the third quarter, we continued to navigate through various market and regulatory dynamics, and achieved new highs in multiple operating and financial metrics. Our total computing power sold set another record high to 6.7 million Thash/s in the quarter, while we are increasingly diversifying our global presence. Our expanded footprint is due to our proactive strategic shift to global markets, effective business development, and enhanced relationship with existing clients. Moreover, we have started to extend our collaboration with key clients to joint mining, and get further involved in the industry value chain by leveraging our computing solution advantages."

HIVE Blockchain Technologies, Inc. (NasdaqCM:HIVE) has reported record earnings for its second quarter ended September 30, 2021. The company's revenue reached $52.6 million in the three month period, and mined 656 Bitcoin (BTC) and more than 8,688 Ethereum (ETH). HIVE's Executive Chairman, Frank Holmes, said:

"We wish to thank our loyal shareholders for believing in our vision to mine both Ethereum and Bitcoin to generate robust cash flow returns on invested capital and believe this report validates the significant contribution to our strategy to mine both BTC and ETH and HODL as many coins as possible."

Sam Mowers, Investorideas

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