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Riot, Core earnings, U.S. jobs report: Crypto Week Ahead

Riot, Core earnings, U.S. jobs report: Crypto Week Ahead

Earnings reports are still rolling in. This week Riot Platforms, the fourth-largest bitcoin miner by market cap, is due to report, as is Core Scientific, the No. 6.

Like many of their peers, the two are using their experience running large data centers and negotiating power-supply deals to expand into AI. Core, whose proposed $9 billion purchase by CoreWeave (CRWV) failed in October, barely mentions digital asset mining on its homepage. It will be interesting to see how much of its business still comes from that source.

Also due this week is the U.S. jobs report for February. The world’s largest economy is forecast to have added 60,000 nonfarm positions last month, according to the consensus estimate on Trading Economics.

Traders will…

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