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

Bitfarms Ltd (NASDAQ:BITF) shares are trading higher after Riot Platforms Inc (NASDAQ:RIOT) proposed to acquire all outstanding shares of Bitfarms for $2.30 per share, representing a total equity value of approximately $950 million. Riot also accumulated a 9.25% stake in Bitfarms, making it the largest shareholder. Bitfarms' board initially rejected the proposal without substantive dialogue.

Portfolio Pulse from Adam Eckert

May 28, 2024 | 3:07 pm

Riot Platforms (NYSE:RIOT) has seen a 10.87% increase in its short percent of float, now at 17.65%. This indicates a bearish sentiment among investors. The company's short interest is higher than its peers, which average 8.80%.

Portfolio Pulse from Benzinga Insights

May 28, 2024 | 2:00 pm

Riot Blockchain has proposed to acquire Bitfarms for $2.30 per share and has accumulated a 9.25% stake in the company.