Riot (RIOT) Platforms Jumps 9.9% Ahead of Q3 Earnings

We recently published 10 Big Names Beating Wall Street at its Own Game. Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best performers on Monday.

Riot Platforms grew its share prices by 9.89 percent on Monday to finish at $22.01 apiece as investors began loading portfolios ahead of the results of its third quarter earnings performance.

In a statement late last week, Riot Platforms, Inc. (NASDAQ:RIOT) said that it is scheduled to announce its financial and operating highlights on October 30 after market hours. A conference call will be held to elaborate on the results.

Earlier this month, Riot Platforms, Inc. (NASDAQ:RIOT) announced a 7 percent decline in Bitcoins produced for September, ending only at 445 versus the 477 mined in August.

It also sold 465 Bitcoins at an average price of $113,043 during the period, as compared with the 450 units sold at an average of $115,035 in the same comparable period. As of last month, the company’s total Bitcoin holdings stood at 19,287.

bitcoin mining

Meanwhile, investors will be watching out for cues on the company’s outlook for its business, particularly with its planned transition to servicing the growing artificial intelligence (AI) and high-performance computing (HPC) segments.

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Disclosure: None. This article is originally published at Insider Monkey.