Bitcoin and other cryptocurrencies might have had a good week so far, but it’s not quite enough to make up for this Nasdaq-listed cryptocurrency mining firm‘s 2018 losses.

In its 2018 financial report, released yesterday, cryptocurrency mining firm Riot Blockchain posted a $58 million loss.

According to the report, the firm generated $7.7 million in mining revenue, earning 1,081 Bitcoin (including conversions from Bitcoin Cash) and 3,023 Litecoin.

This was done at its facility in Oklahoma City, where it’s been operating 8,000-plus miners since last June.

Despite the huge losses, Riot was able to maintain a positive gross margin of 33 percent.

It puts its losses down to company liabilities totaling $45.2 million.

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