Riot Blockchain, Inc. (RIOT)
| Market Cap | 2.81B |
| Revenue (ttm) | 286.74M |
| Net Income (ttm) | 217.99M |
| Shares Out | 288.79M |
| EPS (ttm) | 0.87 |
| PE Ratio | 11.17 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 16,095,398 |
| Open | 9.91 |
| Previous Close | 9.95 |
| Day's Range | 9.68 - 9.99 |
| 52-Week Range | 7.80 - 20.65 |
| Beta | 4.06 |
| Analysts | Strong Buy |
| Price Target | 17.31 (+78.09%) |
| Earnings Date | Aug 7, 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 10 analysts, the average rating for RIOT stock is "Strong Buy." The 12-month stock price forecast is $17.31, which is an increase of 78.09% from the latest price.
News
MARA, CLSK, RIOT stocks at risk as Bitcoin forms a risky pattern
Bitcoin mining stocks are under intense pressure as the BTC price continues its remarkable collapse. Marathon Digital (MARA) stock price dropped by more than 2.7% on Monday while Riot Platforms (RIOT)...
Riot Platforms just withdrew its offer to takeover Bitfarms: find out more
Bitfarms Ltd (NASDAQ: BITF) opened about 10% down on Monday after Riot Platforms Inc (NASDAQ: RIOT) withdrew its $2.30 per share offer to takeover the bitcoin miner. Shares of Riot Platforms are also...
Riot Platforms withdraws offer for rival Bitfarms, seeks three board seats
Bitcoin miner Riot Platforms said on Monday it was withdrawing its offer for Bitfarms and had nominated three directors to the board of rival crypto miner.
Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms Board
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today announced that it has requisitioned a special meeting of Bitfarms Ltd. (NASDAQ: BITF) (“Bitfarms” or the “Compan...
Why is Riot Platforms in a hostile takeover of Bitfarms?
Bitfarms (NASDAQ: BITF) and Riot Platforms (NASDAQ: RIOT) stock prices have been in the spotlight in the past few weeks. BITF has surged by over 78% in the past 30 days, giving it a market cap of over...
Riot Platforms boosts stake in Bitfarms to 14%
Bitfarms Ltd (NASDAQ: BITF) is gaining this morning after Riot Platforms Inc (NASDAQ: RIOT) increased its stake in the Bitcoin miner to about $14%. Riot now owns over 59 million Bitfarms shares Riot ...
Riot Platforms, Inc. Reports Beneficial Ownership of 14% 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 ...
MSFT Falls & Latest in RIOT Acquisition of BITF
Microstrategy (MSTR) shares fall after they announced plans to raise $500N to buy more Bitcoin. Kevin Green discusses this, as well as the latest in Riot Platforms (RIOT) acquisition pursuit of Bit Fa...
Bitcoin miner Riot Platforms attacks takeover target Bitfarms over poison pill
Riot Platforms said Bitfarms' move to adopt a poison pill to thwart its acquisition by the bitcoin miner was "shareholder unfriendly" and highlighted the lack of solid corporate governance standards.
Riot Comments on Bitfarms' Adoption of Shareholder-Unfriendly Poison Pill
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today commented on the shareholder rights plan (the “Poison Pill”) unilaterally adopted by Bitfarms Ltd. (NASDAQ/TSX: ...
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.