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Riot Platforms' stock is climbing before its earnings report, even though a loss and lower sales are expected.

ResultsRead the original at Benzinga
Neutral

Riot's upcoming report has only analyst estimates: sales are expected below last quarter, and a loss is expected. Its long-term AI lease and higher bitcoin output are positives, but the lease has not started producing sales, so this story does not change its outlook.

RIOT · Riot Platforms Inc.

AI read · Neutral

The AI's read

The latest quarter showed sales from bitcoin mining, engineering, and data centers, and bitcoin output rose from a year earlier. But this story gives no new quarterly results. Analysts expect lower sales than last quarter, and the AI lease has not started bringing in sales. Together, these facts leave Riot's business outlook unchanged here.

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