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

7.54

Mkt cap

2.7B

Volume

19M

High

7.90

P/E Ratio

23.00

52-wk high

15.87

Low

7.50

Div yield

N/A

52-wk low

6.36

CleanSpark shares are rising due to an increase in Bitcoin's price. The company recently announced a significant increase in its operational hashrate and a new Chief Accounting Officer. Other crypto-linked stocks like Coinbase and Riot Platforms are also seeing gains.

Portfolio Pulse from Dylan Berman

October 11, 2024 | 6:10 pm

Shares of miners and crypto-linked stocks are experiencing an uptick due to a rise in Bitcoin prices.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 4:01 pm

Riot Platforms (NASDAQ:RIOT) has significantly outperformed the market over the past 5 years, with an average annual return of 35.21%. A $1000 investment in RIOT 5 years ago would now be worth $4,494.41. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 6:30 pm

Alibaba, Nvidia, Riot Platforms, Celsius Holdings, and Tesla are in focus as their stocks showed significant movements. Alibaba and Nvidia saw gains due to China's stimulus and AI chip priorities, respectively. Riot Platforms surged on AI interest, while Celsius Holdings and Tesla faced declines due to growth concerns and anticipation of an event.

Portfolio Pulse from Benzinga Neuro

October 08, 2024 | 2:23 am

Riot Platforms shares are experiencing an uptick as CEO Jason Les expressed interest in exploring AI opportunities.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 4:49 pm

Riot Platforms Inc (NASDAQ:RIOT) is exploring AI opportunities while maintaining its primary focus on Bitcoin mining. CEO Jason Les mentioned potential AI collaborations, but emphasized the company's commitment to Bitcoin. Riot's stock has risen 17.3% in the past month, and Bernstein raised its price target to $22, maintaining an 'Outperform' rating.

Portfolio Pulse from Ivan Crnogatić

October 07, 2024 | 4:11 pm

In the last three months, 11 analysts have rated Riot Platforms (NASDAQ:RIOT), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $17.68, down 3.55% from the previous $18.33. Riot Platforms, a Bitcoin mining company, faces challenges with declining revenue growth and negative net margins, but maintains a strong return on equity and prudent debt management.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 6:01 pm

Cantor Fitzgerald analyst Brett Knoblauch has reiterated an Overweight rating on Riot Platforms (NASDAQ:RIOT) and maintained a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 4:00 pm

CleanSpark and Riot Platforms released their September Bitcoin mining updates, showing increased production. CleanSpark mined 493 Bitcoin, while Riot mined 412 Bitcoin. Both companies reported improvements in their operational hashrates. Despite these positive updates, CleanSpark and Riot shares were down slightly.

Portfolio Pulse from Adam Eckert

October 03, 2024 | 3:18 pm

Riot Platforms, Inc. reported its September 2024 production and operations update, highlighting the production of 412 Bitcoin and achieving a Q3 hash rate target of 28.2 EH/s. The company saw a 28% month-over-month increase in Bitcoin production and a 14% year-over-year increase. Riot held 10,427 Bitcoin by the end of September, a 4% increase from August. The total deployed hash rate increased by 20% month-over-month and 159% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:04 pm

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