Block, Circle and Riot Line Up Third-Quarter Earnings Reports
Three crypto-exposed companies report results this week for a July-to-September quarter in which digital asset prices rose.
Block, Circle and Riot Platforms are all due to publish third-quarter results in the first week of November, putting three different segments of the crypto economy in front of public-market investors within a few days of each other.
The reporting period covers July through September, a stretch in which crypto prices climbed. Shares of all three companies closed lower on Friday ahead of the releases, according to the source report.
What each report covers
- Block: the payments group's bitcoin exposure, including its Cash App business and corporate bitcoin holdings
- Circle: the USDC stablecoin issuer's reserve income and the effect of interest rates on its revenue mix
- Riot Platforms: the bitcoin miner's production, hashrate and energy costs for the quarter
Block reports first, a detail worth noting given that its previous quarterly beat was followed by a decline in the stock.
Earnings from crypto-linked equities are watched as a partial gauge of business conditions in mining, payments and stablecoin issuance, though reported figures describe a period that ended in September and therefore lag current market conditions.