Streetbeat News

RIOT

Riot Blockchain, Inc.

https://www.riotblockchain.com

Industry

Software - Application

Riot Blockchain, Inc., together with its subsidiaries, focuses on bitcoin mining operations in North America. It operates through Bitcoin Mining, Data Center Hosting, and Electrical Products and Engineering segments. As of December 31, 2021, it operated approximately 30,907 miners. Riot Blockchain, Inc. was incorporated in 2000 and is headquartered in Castle Rock, Colorado.

Open

12.52

Mkt cap

4.3B

Volume

53M

High

13.68

P/E Ratio

86.60

52-wk high

18.75

Low

12.50

Div yield

N/A

52-wk low

6.36

Starboard Value has taken a stake in Riot Platforms (RIOT) with plans to pivot the company deeper into the A.I. space by converting some crypto-mining facilities for hyperscalers.

Portfolio Pulse from

December 12, 2024 | 9:00 pm

Riot Platforms, Inc. has announced the pricing of its $525 million offering of 0.75% convertible senior notes due 2030. This move is likely aimed at raising capital for future growth and operations.

Portfolio Pulse from

December 10, 2024 | 6:00 am

Riot Platforms' stock fell by 14% due to a decline in Bitcoin prices and a new round of capital-raising by the company.

Portfolio Pulse from

December 09, 2024 | 10:15 pm

Riot Platforms, Inc. (NASDAQ: RIOT) reported producing 495 Bitcoin in November 2024, showcasing its continued leadership in the Bitcoin mining industry.

Portfolio Pulse from

December 03, 2024 | 2:15 pm

The election of President Trump has sparked a buying frenzy in the cryptocurrency markets, which could potentially benefit Riot Platforms (RIOT).

Portfolio Pulse from

November 08, 2024 | 2:00 pm

Shares of crypto-related companies are trading lower in sympathy with Coinbase, potentially due to a drop in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 7:52 pm

Top Wall Street analysts have updated their price targets for several companies, including Meta Platforms, Hub Group, Brinker International, Microsoft, XPO, The Hershey Company, Coinbase Global, Riot Platforms, Waste Management, and Alkami Technology. Notably, Mizuho raised Meta Platforms' price target, indicating a potential 33% rally.

Portfolio Pulse from Avi Kapoor

October 31, 2024 | 5:20 pm

In the past three months, 8 analysts have rated Riot Platforms (NASDAQ:RIOT), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $16.0, down 5.1% from the previous $16.86. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Riot Platforms, a Bitcoin mining company, faces challenges with revenue growth, net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 5:03 pm

Compass Point analyst Chase White maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $18 to $13.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:21 pm

Macquarie analyst Paul Golding maintains an Outperform rating on Riot Platforms and raises the price target from $15 to $17.5.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 2:07 pm

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