Hive and Riot Lead Earnings Reports Amid Fed Updates
- Hive Digital Technologies (HIVE) is expected to report earnings of -$0.07 on February 17.
- Riot Platforms (RIOT) anticipates earnings of -$0.32 on February 19.
- Both companies are expanding operations to include high-performance computing for AI alongside their bitcoin mining.
- The U.S. Federal Reserve will release minutes from its recent meeting on February 18, where rates were held steady.
- Speeches from Fed officials, including Raphael Bostic and Neel Kashkari, are scheduled throughout the week.
This week’s earnings reports from Hive and Riot reflect ongoing shifts in the mining sector as they adapt to new technologies like AI computing. Additionally, the upcoming Fed minutes may influence market sentiment regarding monetary policy.
With Hive’s anticipated loss of -$0.07 and Riot’s forecasted loss of -$0.32, the focus remains on how these companies navigate their expanded operations in a challenging environment.(Source)
