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

12.23

Mkt cap

4.1B

Volume

25M

High

12.39

P/E Ratio

82.47

52-wk high

18.75

Low

11.46

Div yield

N/A

52-wk low

6.36

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

Riot Platforms (NASDAQ:RIOT) received mixed analyst ratings in the latest quarter, with 7 bullish and 3 somewhat bullish ratings. The average 12-month price target is $16.5, down 5.98% from the previous $17.55. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 1:00 pm

Needham analyst John Todaro maintains a Buy rating on Riot Platforms (NASDAQ:RIOT) but lowers the price target from $15 to $13.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:24 am

HC Wainwright & Co. analyst Mike Colonnese has reiterated a Buy rating on Riot Platforms (NASDAQ:RIOT) and maintained a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:09 am

Riot Platforms, Inc. (NASDAQ:RIOT) has acquired Block Mining, Inc. for $92.5 million, adding 60 MW of operational capacity with potential expansion to 110 MW this year and over 300 MW in Kentucky. The acquisition immediately increases Riot's hash rate and expands its geographic footprint.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:46 pm

Shares of crypto-linked stocks are trading lower amid a drop in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:46 pm

Bernstein analysts predict that a potential Trump victory in the 2024 elections could significantly impact the cryptocurrency market, particularly Bitcoin. They highlight seven key cryptocurrency stocks that could benefit from a positive shift in regulations if Trump is reelected. These stocks include Riot Platforms Inc. (RIOT), CleanSpark Inc. (CLSK), Marathon Digital Holdings Inc. (MARA), Core Scientific Inc. (CORZ), Iris Energy Ltd. (IREN), Robinhood Markets Inc. (HOOD), and MicroStrategy Inc. (MSTR).

Portfolio Pulse from Aniket Verma

July 23, 2024 | 4:03 am

Eleven mid-cap stocks performed exceptionally well last week (July 14-July 20). Key performers include Virtu Financial, V.F. Corporation, New Fortress Energy, Riot Platforms, Clarivate, AMN Healthcare Services, BankUnited, Marathon Digital Holdings, eXp World Holdings, Zeta Global Holdings, and NCR Atleos Corporation.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 4:07 pm

Today's session saw significant options activity in 10 Information Technology stocks, with notable bearish sentiment in CRWD, NVDA, AAPL, MARA, AMD, TER, and S, while RIOT, MRVL, and NET experienced bullish sentiment. This unusual activity could indicate potential short-term price movements.

Portfolio Pulse from Benzinga Insights

July 19, 2024 | 5:35 pm

Wall Street is experiencing its worst week in three months, driven by a tech sector falter due to a cloud software update from CrowdStrike Holdings Inc. (CRWD). Major indices like the S&P 500, Nasdaq 100, and Dow Jones are all down. Treasury yields are rising, oil prices are falling, and Bitcoin is rallying. Key stock movers include CRWD, CMA, HE, and several others.

Portfolio Pulse from Piero Cingari

July 19, 2024 | 5:27 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.