Riot Platforms, Inc. (RIOT)
| Market Cap | 3.48B |
| Revenue (ttm) | 312.91M |
| Net Income (ttm) | 12.41M |
| Shares Out | 332.33M |
| EPS (ttm) | 0.05 |
| PE Ratio | 206.49 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 40,443,756 |
| Open | 11.89 |
| Previous Close | 11.60 |
| Day's Range | 10.44 - 11.93 |
| 52-Week Range | 6.36 - 18.36 |
| Beta | 4.23 |
| Analysts | Strong Buy |
| Price Target | 17.77 (+69.89%) |
| Earnings Date | Feb 24, 2025 |
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 Platforms'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 12 analysts, the average rating for RIOT stock is "Strong Buy." The 12-month stock price forecast is $17.77, which is an increase of 69.89% from the latest price.
News
Riot Platforms: Recent Catalysts And Q4 Earnings Preview
RIOT's recent out-performance may be driven by a combo of no more tax loss harvesting, significant BTC purchases, and excitement around AI/HPC developments. Despite a strong balance sheet, RIOT's reli...
Riot Platforms appoints new directors to board with inputs from Starboard, DE Shaw
Bitcoin miner Riot Platforms said on Wednesday it has appointed three new directors to its board after inputs from investors Starboard Value and D. E. Shaw.
Riot Platforms Announces Changes to Its Board of Directors and Provides Update on Formal Evaluation of AI/HPC Uses
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime...
Riot Announces Fourth Quarter and Year-End 2024 Earnings Conference Call
CASTLE ROCK, Colo. , Feb. 10, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today th...
Riot Announces January 2025 Production and Operations Updates
Riot Produces 527 Bitcoin in January 2025 CASTLE ROCK, Colo. , Feb. 4, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated B...
Exclusive: D.E. Shaw takes stake in bitcoin miner Riot Platforms, sources say
Investment firm D.E. Shaw has built a position in Riot Platforms and may push it to make changes, two sources familiar with the matter said, making it the second activist shareholder to do so at the c...
Cantor Fitzgerald's Brett Knoblauch on how Stargate could be a bullish opportunity for crypto miners
Brett Knoblauch, Cantor Fitzgerald head of digital asset research, joins 'Power Lunch' to discuss the energy needed to power AI in Stargate deal and the winners from it.
Riot's AI Pivot Over Bitcoin Mining: Analyst Says 'Encouraging' Move
Riot Platforms Inc RIOT made a strategic pivot that is shaking up its future trajectory. The company announced it would pause its Bitcoin BTC/USD mining expansion at Corsicana and instead conduct a fe...
Riot Platforms Launches Formal Evaluation of Potential AI/HPC Uses for Remaining 600 MW of Power Capacity at Corsicana Facility
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin mining, today provided an update on strategic ac...
Riot Platforms: If You Anticipate Higher For Bitcoin, How Will RIOT React? (Technical Analysis)
Our methodology uses human behavior and fractal analysis to project RIOT's likely price movements, beyond traditional technical analysis. RIOT and similar stocks typically advance in 5 waves and corre...
Buying Riot Platforms For Bitcoin Yield
Riot Platforms is the second largest public bitcoin mining company by market cap, highlighting its significant presence in the industry. The company has aggressive expansion plans to grow its hashrate...
Riot Platforms: The Bitcoin Miner Plans To Strike Gold
Cryptocurrencies surged in 2024, with Bitcoin gaining 121% due to favorable regulations and Trump's election, driving smart money into Bitcoin-related stocks like Riot Platforms. Riot Platforms signif...
Riot Announces December 2024 Production and Operations Updates
Riot Produces 516 Bitcoin in December 2024 CASTLE ROCK, Colo. , Jan. 6, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated ...
Defiance Launches RIOX, The First 2X Leveraged Single-Stock ETF on Riot Platforms, Inc.
MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to unveil RIOX, the first 2X long ETF for Riot Platforms, Inc. RIOX seeks to provide 200% long daily targeted exposure to Riot Platforms...
Options Corner: NVDA, ALK, RIOT
It's a bull run of unusual trades on today's Options Corner. Tom White takes a look at trading examples in Nvidia (NVDA), Alaska Airlines (ALK) and Riot Platforms (RIOT).
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Riot Platforms is in a solid position to capitalize on an opportunity to lease capacity to hyperscalers.
Riot Announces Closing of $594.4 Million Convertible Senior Notes Offering
CASTLE ROCK, Colo. , Dec. 16, 2024 /PRNewswire/ -- Riot Platforms, Inc. (Nasdaq: RIOT) ("Riot" or the "Company") today announced that it completed its previously announced offering of its 0.75% conver...
RIOT's Bullish Potential in A.I. & Crypto with New Stakeholder
Starboard Value has reportedly taken a stake in Riot Platforms (RIOT) with plans to pivot the crypto-mining company deeper into the A.I. space. It wants Riot to convert some crypto-mining facilities i...
Dow, S&P 500 slip as investors assess hot producer price index; Adobe plunges, while Riot Platform jumps
Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November. At the time of writing, the Dow Jones Industrial Average was down 0.2...
Riot Announces Pricing of Offering of 0.75% Convertible Senior Notes
CASTLE ROCK, Colo. , Dec. 10, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or the "Company") today announced the pricing of its offering of $525 million aggregate principal amount ...
BioAge Labs, Riot Platforms And Other Big Stocks Moving Lower In Monday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Monday.
Riot Platforms Announces Proposed Private Offering of $500 Million of Convertible Senior Notes
CASTLE ROCK, Colo. , Dec. 9, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or the "Company") today announced that it intends to offer, subject to market conditions and other factors...
Stock Of The Day: Sell Signal In Riot Platforms?
Riot Platforms, Inc. RIOT shares are little changed on Thursday. But that may not be the case for long.
Riot Announces November 2024 Production and Operations Updates
Riot Produces 495 Bitcoin in November 2024 CASTLE ROCK, Colo. , Dec. 3, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated ...
Top 2 crypto mining stocks to buy as analyst forecasts Bitcoin hitting $200,000
Bitcoin has celebrated the return of Donald Trump to the White House in recent weeks and the momentum is unlikely to fade anytime soon, as per BCA Research analyst Dhaval Joshi. Joshi expects BTC to e...