Riot Blockchain, Inc. (RIOT)
| Market Cap | 3.19B |
| Revenue (ttm) | 262.01M |
| Net Income (ttm) | -284.48M |
| Shares Out | 206.52M |
| EPS (ttm) | -1.76 |
| PE Ratio | n/a |
| Forward PE | 13.16 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 58,700,445 |
| Open | 17.87 |
| Previous Close | 17.60 |
| Day's Range | 15.03 - 18.19 |
| 52-Week Range | 3.28 - 20.65 |
| Beta | 4.20 |
| Analysts | Strong Buy |
| Price Target | 16.41 (+6.08%) |
| Earnings Date | Nov 7, 2023 |
About RIOT
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. It operates through Bitcoin Mining, Data Center Hosting, and Engineering segments. The company also provides co-location services for institutional-scale bitcoin mining companies; and critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners. In addition, it engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; electricity distribut... [Read more]
Financial Performance
In 2022, RIOT's revenue was $259.17 million, an increase of 21.54% compared to the previous year's $213.24 million. Losses were -$509.55 million, 3200.9% more than in 2021.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for RIOT stock is "Strong Buy." The 12-month stock price forecast is $16.41, which is an increase of 6.08% from the latest price.
News
Crypto-Related Company Stocks Jump as Digital Currency Rally Continues
Stocks related to the cryptocurrency industry advanced Wednesday as Bitcoin (BTC) and most other digital currencies continued their recent rally.
Will the rally in crypto stocks continue into the new year?
One piece of good news for crypto investors is the Federal Reserve's indication that it will begin cutting interest rates in 2024. Higher interest rates can chase investors away from investments such ...
Riot Announces November 2023 Production and Operations Updates
Riot Produces 552 Bitcoin in November 2023 While Expanding Hash Rate and Miners Deployed Riot Produces 552 Bitcoin in November 2023 While Expanding Hash Rate and Miners Deployed
Riot Purchases 18 EH/s and Secures Long-Term Supply of Hash Rate From MicroBT
Riot Exercises Purchase Option on 18 EH/s of Latest Generation Immersion Miners from MicroBT, and Secures Additional Purchase Options Providing a Path to Exceed 100 EH/s Riot Exercises Purchase Option...
Riot Platforms Reports Third Quarter 2023 Financial Results, Current Operational and Financial Highlights
Riot Reports $51.9 Million in Total Revenue, New All-Time Record Hash Rate Capacity of 10.9 EH/s, and Expanded Execution of Power Strategy Riot Reports $51.9 Million in Total Revenue, New All-Time Rec...
Riot Announces October 2023 Production and Operations Updates
Riot Produces 458 Bitcoin in October 2023 While Expanding Hash Rate and Miners Deployed Riot Produces 458 Bitcoin in October 2023 While Expanding Hash Rate and Miners Deployed
Bitcoin's surge gives a boost to crypto-related stocks
Shares of companies in the cryptocurrency business rallied Monday to snap losing streak, as they got a boost from bitcoin's big gain. Marathon Digital Holdings Inc.'s stock MARA, -0.90% jumped 4.4%, R...
Riot Announces September 2023 Production and Operations Updates
Riot Produces 362 Bitcoin in September 2023 While Continuing to Execute Power Strategy Riot Produces 362 Bitcoin in September 2023 While Continuing to Execute Power Strategy
Bitcoin spikes to its highest level in 2 months, leading crypto stocks higher as traders try to kick off 4th quarter rally
Bitcoin surged to a two-month high and crypto-related stocks moved higher Monday. Bitcoin hovered around $28,451 early Monday, up 4% in the last 24 hours.
MSTR, BITO, MARA, RIOT stocks soar as BTC forms inverted H&S
MicroStrategy (NASDAQ: MSTR), ProShares Bitcoin Strategy ETF (BITO), and Grayscale Bitcoin Trust (GBTC) prices drifted upwards in the pre-market session on Monday as the Bitcoin rally continued. MSTR...
Riot Responds to Recent Inquiries Regarding Its Power Strategy
Castle Rock, CO, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in Bitcoin mining and data center hosting, issued a statement toda...
Riot Announces August 2023 Production and Operations Updates
Riot Produces 333 Bitcoin While Realizing Expanded Benefits of Power Strategy Riot Produces 333 Bitcoin While Realizing Expanded Benefits of Power Strategy
Is Bitcoin ETF Launch A Promising Development For Crypto Stocks?
Coinbase Global Inc. NASDAQ: COIN pulled back after rocketing nearly 15% higher on August 29 on news that a potential launch of a long-awaited Bitcoin ETF may be getting closer.
3 Bitcoin Stocks To Watch Following Grayscale's Legal Victory
Bitcoin surged almost 8% on Tuesday as Grayscale Investments OTC: GBTC secured a victory in its legal dispute against the Securities and Exchange Commission (SEC) at the DC Circuit Court of Appeals. F...
Top 5 Tech Stocks That Are Set To Fly This Month - Marathon Digital Holdings (NASDAQ:MARA), Indie Semiconductor (NASDAQ:INDI)
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
Elon Musk's Bitcoin Sales Rock Crypto Stocks: What Happens Next?
Cryptocurrency-related stocks including Riot Platforms Inc. NASDAQ: RIOT, Marathon Digital Holdings Inc. NASDAQ: MARA and Coinbase Global Inc. NASDAQ: COIN gapped down on August 18 on news that Elon M...
Riot Platforms stock price could slip by 20% as BTC double tops
Riot Platforms (NASDAQ: RIOT) stock price continued its downward trend as Bitcoin formed a dangerous pattern. The shares plunged to a low of $13 on Wednesday, the lowest level since July 5th.
Riot Platforms Reports Second Quarter 2023 Financial Results, Current Operational and Financial Highlights
Riot Reports $76.7 Million in Total Revenue, New All-Time Record Hash Rate Capacity of 10.7 EH/s, and Expanded Execution of Power Strategy Riot Reports $76.7 Million in Total Revenue, New All-Time Rec...
Riot Announces July 2023 Production and Operations Updates
Riot Produces 410 Bitcoin While Expanding Execution of Power Strategy Riot Produces 410 Bitcoin While Expanding Execution of Power Strategy
Avoid Argo Blockchain shares, buy these Bitcoin mining stocks instead
Bitcoin mining stocks have had a stellar performance this year, helped by the strong performance of BTC and other cryptocurrencies. Firms like Cipher Mining, Riot Platforms, and Marathon Digital are t...
These Two Crypto Stocks Are Up Over 400% YTD
If you have been spending time on Twitter recently, you might have noticed increased excitement and conversation surrounding Bitcoin. That's because the popular cryptocurrency is once again trading ab...
Midas Immersion Cooling to Supply 200 MW of Leading-Edge Immersion Cooling Equipment Solutions to Riot Platforms, Inc.
Agreement includes an initial purchase of 200 MW of immersion systems, with the option to supply up to 400 MW of additional immersion systems on the same terms. Initial sale brings total worldwide dep...
Why some crypto stocks surged up to 400% this year, outperforming bitcoin
Several crypto-related stocks and funds have staged a spectacular rally this year, outperforming major cryptocurrencies, despite U.S. regulators' ongoing scrutiny of the industry.
Investors are once again chasing some of the most speculative names in the stock market
Animal spirits have returned to the stock market as investors again pile into high-risk names. Carvana, for example, has soared nearly 700% year-to-date even as it navigates a precarious financial pos...
Riot Platforms: Absurdly Overvalued
Bitcoin has surged nearly 89% in 2023, which is an astonishing return, but shares of Riot Platforms ( RIOT , Financial) have done even better, generating gains of nearly 500% year-to-date, which is tr...