Some solid earnings from the public miners this week


Public Co Earnings Reports

Canaan (NASDAQ: CAN) - Nov 30, 2020. Canaan reported revenue of $24mm a 5% drop in the period, and a net loss of $12.7 million, more than 4x the size of Q2’s loss.

Hive (CVE: HIVE) - Dec 1, 2020. Hive reported revenue of $13mm, an 8% increase from the same quarter last year. Gross mining margin expanded to $9.2 million, from a loss of more than $560,000. Net income per share grew to $0.03 from a loss of $0.04.

Hut8 (TSE: HUT) - Nov 12, 2020. Hut 8 reported revenue of $4mm, down 43% from the previous quarter, but decreased its loss to only C$900,338 from C$5.19mm a year ago.

Marathon (NASDAQ: MARA) - Nov 12, 2020. Marathon reported revenue of $835,184, a 160% increase from the same period last year. They reported a net loss of $1.99 million, or 6 cents a share, compared with the year-ago loss of $754,407, or 12 cents.

Riot (NASDAQ: RIOT) - Nov 9, 2020. Riot reported revenue of $2.4 million, increasing revenue by 42% from the same period in 2019. The loss per share dropped to $0.04 in Q3, a 50% improvement from a loss per share of $0.08 during the same period last year.

https://luxormining.substack.com/p/-acquire-or-be-acquired