Riot Blockchain said its third quarter revenues declined as it powered down its Texas operations amid surging electricity demand, and because of bitcoin's falling price. egreechee reports
: A previous version of this story incorrectly stated that Riot's consensus analyst estimate was for adjusted net earnings of $1 per share, instead of $0.01.
The miner generated $46.3 million in revenues, lower than the average estimate of $56.3 million, bringing net loss to $0.24, compared to a consensus estimate of adjusted net earnings per share of $0.01, according to FactSet., and lower than for the same period last year, when the firm reported $64.8 million.
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