Riot Platforms jumped 21% pre-market, and it wasn't because of Bitcoin's price.
Q3 revenue came in at $181.4M, above expectations (Binance market data).
It also furnished a 910 MW lease in Corsicana, Texas.
Miners are being priced less like hash-rate plays and more like power and data-center landlords. Same pattern as TeraWulf's Google-backed deal this week.
Watch whether $BTC miners keep re-rating on power contracts even if $BTC stays near $80K.
Do you value miners on hash rate or on megawatts now?
#Bitcoin #BitcoinMining #Riot
Not financial advice.
Q3 revenue came in at $181.4M, above expectations (Binance market data).
It also furnished a 910 MW lease in Corsicana, Texas.
Miners are being priced less like hash-rate plays and more like power and data-center landlords. Same pattern as TeraWulf's Google-backed deal this week.
Watch whether $BTC miners keep re-rating on power contracts even if $BTC stays near $80K.
Do you value miners on hash rate or on megawatts now?
#Bitcoin #BitcoinMining #Riot
Not financial advice.