Riot Blockchain, Inc. (RIOT)
| Market Cap | 2.93B |
| Revenue (ttm) | 286.74M |
| Net Income (ttm) | 217.99M |
| Shares Out | 288.79M |
| EPS (ttm) | 0.87 |
| PE Ratio | 11.68 |
| Forward PE | 13.16 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 34,278,776 |
| Open | 9.45 |
| Previous Close | 9.65 |
| Day's Range | 9.44 - 10.39 |
| 52-Week Range | 7.80 - 20.65 |
| Beta | 4.19 |
| Analysts | Strong Buy |
| Price Target | 16.68 (+64.17%) |
| Earnings Date | May 1, 2024 |
About RIOT
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity. In addition, the company engages in the design and manufacturing of powe... [Read more]
Financial Performance
In 2023, RIOT's revenue was $280.68 million, an increase of 8.30% compared to the previous year's $259.17 million. Losses were -$49.47 million, -90.29% less than in 2022.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for RIOT stock is "Strong Buy." The 12-month stock price forecast is $16.68, which is an increase of 64.17% from the latest price.
News
Riot Platforms acquires 12% stake in rival Bitfarms
Bitcoin miner Riot Platforms said on Wednesday it has acquired ownership of 12% stake in rival Bitfarms Ltd..
Riot Platforms, Inc. Reports Beneficial Ownership of 12% in Bitfarms Ltd.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over ...
Riot Platforms (RIOT): Worst Business Model for a Public Company
Riot Platforms (RIOT) falls after Kerrisdale Capital announces a short position. Kerrisdale Capital's report states that “Bitcoin mining is among the worst business models for a public company we have...
Bitfarms (BITF) Rejects RIOT's Takeover Bid
Bitfarms (BITF) rejects takeover bid from Riot Platforms (RIOT). Kevin Green discusses this as Bitfarms is continuing its search for a new CEO.
Bitfarms says Riot Platforms buyout offer is too low as it weighs potential sale
Bitfarms Ltd. on Wednesday said it rejected a buyout offer from larger rival Riot Platforms Inc. because it “significantly” undervalues the company, but it's weighing other bids from prospective buyer...
Riot Platforms, Inc. Reports Beneficial Ownership of 10% in Bitfarms Ltd.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over ...
Bitfarms stock rallies as rival Riot Platforms discloses rejected merger deal
Bitfarms Ltd'.s stock jumped 11% in premarket trading on Tuesday after its larger rival Riot Platforms Inc. said it had approached the company about a $950 million buyout offer but was rejected.
Riot Platforms proposes to buy crypto miner Bitfarms
Riot platforms said on Tuesday it has made a proposal to acquire all shares of crypto miner Bitfarms for about $950 million in total equity value.
Riot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World's Largest Publicly Listed Bitcoin Miner
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or the “Company”) today announced that it has made a proposal to the Bitfarms Board of Directors (the “Bitfarms Board”)...
Should You Pick Riot Platforms Stock After An 18% Rise In A Week?
Riot Platforms stock (NASDAQ NASDAQ : RIOT), a Bitcoin Bitcoin mining company, trades at $11 per share, about 86% below its peak level of $78 seen in January 2021. RIOT stock was trading at around $4 ...
Riot Platforms (RIOT) CEO on Bitcoin Halving & Energy Supplier
How has the Bitcoin halving impacted Bitcoin miners? Riot Platforms' (RIOT) CEO Jason Les joins Oliver Renick to discuss this and give an overview of the company.
Riot Announces April 2024 Production and Operations Updates
Riot Produces 375 Bitcoin in April 2024 and Provides Infrastructure Updates Riot Produces 375 Bitcoin in April 2024 and Provides Infrastructure Updates
Riot Platforms' Q1 earnings ‘further solidify our growth path'
Riot Platforms Inc is in the green at writing after reporting a surprise profit for its first financial quarter. Revenue printed at $79.3 million in Q1 – versus $95.5 million that experts had forecast...
Riot Platforms Reports First Quarter 2024 Financial Results, Current Operational and Financial Highlights
Riot Reports $79.3 Million in Total Revenue and Successful Energization of New Corsicana Facility CASTLE ROCK, Colo., May 01, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “t...
MSTR Earnings Loss & RIOT Earnings Ahead
MicroStrategy (MSTR) falls after an earnings loss. Renita Young joins Jenny Horne and Ben Lichtenstein to discuss why MicroStrategy missed on earnings.
Riot Announces First Quarter 2024 Earnings Conference Call
Castle Rock, CO, April 24, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today t...
Riot stock reiterated at ‘overweight' after Bitcoin halving 2024
Riot Platforms Inc (NASDAQ: RIOT) gained 10% today after a JPMorgan analyst issued a bullish note in its favour. What could help Riot stock moving forward?
Bitcoin ETFs an Incredible Catalyst: Riot Platforms CEO
Riot Platforms CEO Jason Les says the Bitcoin ETFs were such an incredibly positive catalyst and expects a very positive move in Bitcoin over the coming months. He speaks with Sonali Basak and Tim Ste...
Bitcoin halving: 'We're in a bullish scenario for price appreciation,' Riot Platforms CIO
Bitcoin (BTC-USD) prices are holding above $63,000 as the cryptocurrency gives up some ground on Monday. The bitcoin halving event is projected to take place this Friday, April 19, which operates to r...
Riot Announces March 2024 Production and Operations Updates
Riot Produces 425 Bitcoin in March 2024 and Provides Infrastructure Updates Riot Produces 425 Bitcoin in March 2024 and Provides Infrastructure Updates
This Analyst With 86% Accuracy Rate Sees More Than 62% Upside In Riot Platforms - Here Are 5 Stock Picks For March From Wall Street's Most Accurate Analysts
U.S. stocks closed mixed on Thursday, but recorded gains last month. For March, the S&P 500 gained 3.1%, while the Dow added 2.1%.
Reformed Energy, a Waste-to-Energy Company, Secures Strategic Investment from Riot Platforms
This strategic investment will seed the development of a pilot site, while also accelerating the long term objective of being the premier platform for turning the world's waste into fuels and power. ...
AMZN, META, MARA, RIOT: Stocks to Watch
Amazon (AMZN), Meta Platforms (META), and Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) are today's big stocks. Stephen “Sarge” Guilfoyle and Rick Ducat discuss the technical trends...
Riot Announces February 2024 Production and Operations Updates
Riot Produces 418 Bitcoin in February 2024 and Provides Infrastructure Updates Riot Produces 418 Bitcoin in February 2024 and Provides Infrastructure Updates
Bitcoin ETF is huge for its credibility but there's more work to be done, says Riot Platforms CEO
Jason Les, Riot Platforms CEO, joins 'Power Lunch' to discuss if people are beginning to feel more comfortable with cryptocurrency, if Bitcoin ETFs are a net positive force to cryptocurrencies, and mu...