DMG Blockchain Solutions Inc V.DMGI

I prefer the DMG financial model to RIOT.

[phoenix_trader]

From RIOT's Q2 PR.


Selling, general, and administrative ("SG&A") expenses increased by $7.2 million to $10.7 million, as compared to $3.5 million for the same three-month period in 2021, primarily due to an increase in compensation-related expense of $2.1 million, which came about as a result of the hiring of additional employees to support the Company's ongoing growth, an increase in audit and consulting fees of $2.2 million resulting primarily from assistance on internal control systems and procedures and IT projects, an increase in insurance expense of $0.8 million, and other general operating costs.

Net loss for the quarter ended June 30, 2022, was $(366.3). million, or $(2.81) per share.

SEC Filings :: Riot Blockchain, Inc. (RIOT)

[phoenix_trader]

RIOT dumped 31 mill shares through an ATM in Q2. As of June 30, 2022, the Company received net proceeds on sales of 30,559,817 million shares of common stock under the Sales Agreement of approximately $267.0 million (after deducting $5.7 million in commissions and expenses) at a weighted average price of $8.92 per share.