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

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

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 1:56 pm

The article reports on unusual options activity in the Information Technology sector. Ten companies are mentioned: AAPL, INTC, RIOT, NVDA, IOT, SMCI, MU, GTLB, ORCL, and CSCO. The article provides details on the type of options (put or call), sentiment (bearish or bullish), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

September 04, 2023 | 5:35 pm

Cathie Wood's ARK ETFs saw a significant surge, with assets under management increasing by $600 million in a single day due to a rally in crypto-related and electric vehicle stocks. The ARK Innovation ETF (ARKK) gained 5.34% and saw its AUM rise by nearly $400 million. The surge was fueled by a court ruling in favor of Grayscale's Bitcoin ETF application and a 7% surge in Bitcoin's value. Crypto-related stocks such as Coinbase (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) saw double-digit gains. Tesla (TSLA), the largest holding within Wood's Ark funds, experienced a resurgence of 7.3%. Ginkgo Bioworks Holdings (DNA) surged over 24% following the announcement of a partnership with Google Cloud (GOOGL).

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:52 pm

Shares of Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT) and Coinbase Global, Inc. (COIN) are trading higher following a report that the U.S. federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application. This ruling could be seen as a positive development for the cryptocurrency industry, potentially leading to increased optimism among investors and a growing acceptance of cryptocurrencies by regulatory bodies.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 3:33 pm

A federal court has ordered the U.S. SEC to review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. The court stated that the SEC failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. This decision comes after several institutions, including BlackRock, WisdomTree, and Coinbase Global, filed applications for spot bitcoin ETFs.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 3:13 pm

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:37 pm

The stock futures were narrowly mixed ahead of key economic readings including house prices data, consumer confidence reading, and the JOLTS survey. The Federal Reserve's data-dependent stance could potentially lift market sentiment if data suggests a slowdown in economic momentum. Analysts from Morgan Stanley suggest a strategy of 'buying weakness than selling rallies' due to the central bank's skew towards holding or further rate hikes. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.06% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.05%.

Portfolio Pulse from Shanthi Rexaline

August 29, 2023 | 10:16 am

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

Portfolio Pulse from richadhand@benzinga.com

August 28, 2023 | 3:50 pm

Shares of several crypto-related companies are trading lower due to a decline in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:50 pm

Mining and crypto-related stocks are experiencing a surge due to a rebound in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:37 pm

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