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

bluebird bio, Inc. (NASDAQ:BLUE) shares increased by 6.6% after presenting positive gene therapy data at the ASH Annual Meeting. Other stocks experienced significant movement in Monday's mid-day session, with notable gainers including Pasithea Therapeutics Corp. (NASDAQ:KTTA), NextPlay Technologies, Inc. (NASDAQ:NXTP), and MorphoSys AG (NASDAQ:MOR). The Cigna Group (NYSE:CI) shares rose after withdrawing from a merger with Humana Inc. (NYSE:HUM), and Macy's, Inc. (NYSE:M) increased on news of a buyout bid. Conversely, Near Intelligence, Inc. (NASDAQ:NIR) and Troika Media Group, Inc. (NASDAQ:TRKA) fell sharply due to bankruptcy filings, while Altamira Therapeutics Ltd. (NASDAQ:CYTO) dropped after announcing a reverse stock split. Cryptocurrency-related stocks like Marathon Digital Holdings, Inc. (NASDAQ:MARA) and Riot Platforms, Inc. (NASDAQ:RIOT) declined alongside a drop in Bitcoin's price.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 6:13 pm

Shares of crypto-related companies COIN, MARA, and RIOT are trading lower due to a decline in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 4:53 pm

On Monday, several stocks experienced declines, with notable losses in the biotech sector and among companies associated with Bitcoin due to a pullback in its price. Cogent Biosciences and Biomea Fusion reported clinical trial data, resulting in significant drops in their share prices. Companies like CleanSpark, HIVE Digital Technologies, Riot Platforms, and Marathon Digital Holdings were affected by the Bitcoin price movement. Gildan Activewear announced a leadership change, and Tellurian updated its executive team.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 4:07 pm

Bitcoin mining stocks Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading lower due to a pullback in Bitcoin's price after a recent rally. The decline in Bitcoin is attributed to profit-taking following a 13% increase over the last week and a 150% rise year-to-date. The broader crypto rally has been fueled by optimism for a potential Bitcoin ETF and expectations that the Federal Reserve may stop rate hikes or discuss rate cuts.

Portfolio Pulse from Adam Eckert

December 11, 2023 | 2:18 pm

Shares of Riot Platforms, Inc. (RIOT) and Marathon Digital Holdings, Inc. (MARA) are rising due to the ongoing Bitcoin (BTC) rally and anticipation of Blackrock's spot Bitcoin ETF approval. JP Morgan upgraded RIOT to Neutral, and Roth MKM raised RIOT's price target. MARA reported producing 1,187 bitcoins and RIOT produced 552 bitcoins in November. Both stocks are up over 5%.

Portfolio Pulse from Erica Kollmann

December 08, 2023 | 6:02 pm

Riot Platforms (NASDAQ:RIOT) has significantly outperformed the market with an average annual return of 58.94% over the past 5 years. An initial investment of $1000 in RIOT 5 years ago would now be worth $9,242.60. The company currently holds a market capitalization of $3.11 billion.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 6:00 pm

Riot Platforms' stock is experiencing an uptick following an upgrade from Underweight to Neutral by JP Morgan, indicating a more favorable outlook for the company's shares.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:42 pm

JP Morgan analyst Reginald Smith has upgraded Riot Platforms (NASDAQ:RIOT) from Underweight to Neutral, indicating a change in the bank's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:50 am

Tencent Holdings Ltd (OTC:TCEHY) is expanding its global presence with the introduction of 'Last Sentinel,' a console game developed by its Lightspeed LA studio. The game, led by Steve Martin, a former Rockstar Games executive, has been in development for four years and aims to create new intellectual properties. Tencent, which owns stakes in Riot Games and Epic Games, is diversifying its portfolio and recruiting global talent for its studios. The company's stock closed slightly lower at $39.55.

Portfolio Pulse from Anusuya Lahiri

December 08, 2023 | 11:05 am

Roth MKM analyst Darren Aftahi has reaffirmed a Buy rating on Riot Platforms (NASDAQ:RIOT) and increased the price target from $19.5 to $22.5.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 3:50 pm

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