Riot Platforms reported its third quarter 2024 financial results, revealing total revenue of $84.8 million, a 65% increase from $51.9 million in the same period last year. This growth was largely driven by a $36.3 million rise in Bitcoin mining revenue, with the company producing 1,104 Bitcoin during the quarter, slightly below the 1,106 mined in the previous year. Despite the revenue surge, Riot Platforms faced challenges, including a $154 million net loss for the quarter and a missed earnings per share (EPS) of -$0.54, which was $0.33 below expectations. The company's deployed hash rate reached 28 EH/s, marking a 159% year-on-year increase, although it also announced a cut in its hash rate outlook due to operational difficulties at its Kentucky facility.