Riot Blockchain Sinks 5% After Reporting Underwhelming Earnings

·3 min read

For those intrigued by the recent cryptocurrency rally, Riot Blockchain (NASDAQ: RIOT) is one company investors may have been watching closely heading into its second-quarter results, which were released after market close yesterday. Today, Riot's stock opened slightly lower and has lost steam throughout the day, trading down 5.5% as of 11:30 a.m. ET. Riot missed top-line estimates, with revenue coming in at $72.9 million.