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

12.33

Mkt cap

4.3B

Volume

29M

High

12.84

P/E Ratio

85.40

52-wk high

18.75

Low

12.01

Div yield

N/A

52-wk low

6.36

Coinbase Global, Inc. (NASDAQ:COIN) shares are moving higher on Friday following a rise in Bitcoin's price above $67,000. Other crypto-linked stocks like Riot Platforms, Inc. (NASDAQ:RIOT) and CleanSpark, Inc. (NASDAQ:CLSK) are also seeing gains. Coinbase is trading at $239.65, slightly above its 50-day moving average, and is expected to report earnings next Thursday. Citigroup recently upgraded Coinbase from Neutral to Buy, raising the price target to $345.

Portfolio Pulse from Dylan Berman

July 26, 2024 | 4:39 pm

MicroStrategy, Inc. (MSTR) stock is moving higher on Friday due to a rise in Bitcoin's price above $67,000. Other crypto-linked stocks like Riot Platforms, Inc. (RIOT) and Coinbase Global, Inc. (COIN) are also seeing gains. MicroStrategy is trading at $1,758, significantly above its 50-day moving average of $1,529. The company is expected to report earnings on Thursday, with analysts predicting a loss of $1.10 per share and revenue of $122.60 million.

Portfolio Pulse from Dylan Berman

July 26, 2024 | 3:21 pm

Riot Platforms shares are trading higher after Stifel initiated coverage with a Speculative Buy rating and a price target of $18. Additionally, crypto-linked stocks are benefiting from a rise in Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 2:36 pm

Shares of crypto-linked stocks are trading higher after Bitcoin rose above $67,000.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 1:08 pm

Stifel analyst Bill Papanastasiou initiates coverage on Riot Platforms (NASDAQ:RIOT) with a Speculative Buy rating and sets a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 9:47 am

Bernstein's report suggests that Bitcoin miners, by focusing on power efficiency and data center capabilities, could see a valuation re-rating. Companies like Core Scientific, Riot Platforms, CleanSpark, and Iris Energy are highlighted for their potential to expand market share and improve efficiency.

Portfolio Pulse from Murtuza Merchant

July 25, 2024 | 5:52 pm

Riot Platforms Inc (NASDAQ:RIOT) shares are trading lower after the company announced that the Ontario Capital Markets Tribunal has ceased trading Bitfarms Ltd’s (NASDAQ:BITF) poison pill. Riot also announced the acquisition of Block Mining for $92.5 million, adding significant operational capacity. Multiple analysts have reiterated their ratings and price targets for Riot, which is expected to report a loss in its upcoming financial results.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 2:57 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Riot Platforms (NASDAQ:RIOT) and maintained a $23 price target.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 6:10 pm

Riot Platforms, Inc. (NASDAQ:RIOT) shares are being closely watched as the broader markets and Bitcoin prices slip. Riot announced the acquisition of Block Mining, which will significantly increase its power resources and hashrate targets. Analysts have mixed views on Riot's short-term performance but remain bullish overall.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 5:38 pm

Riot Platforms Inc (NASDAQ:RIOT) has acquired Block Mining, a Kentucky-based Bitcoin miner, for $92.5 million. This acquisition significantly boosts Riot's power capacity and hashrate targets, positioning it as the second-largest U.S.-listed miner by capacity.

Portfolio Pulse from Surbhi Jain

July 24, 2024 | 1:12 pm

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