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

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

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 5:13 pm

Bitcoin mining stocks Marathon Digital (MARA) and CleanSpark (CLSK) are experiencing volatility ahead of their earnings reports. Riot Platforms (RIOT) missed analyst estimates, impacting the sector. Marathon Digital is expected to report revenue of $157.84 million and a loss of 14 cents per share, while CleanSpark is expected to report revenue of $110.881 million and a loss of 4 cents per share. CleanSpark also announced new power contracts and a Bitcoin mining site acquisition.

Portfolio Pulse from Adam Eckert

August 01, 2024 | 3:49 pm

July saw a stark contrast in the Bitcoin mining sector, with traditional miners like Cipher Mining and Riot Platforms thriving, while AI-exposed miners such as Iris Energy and TeraWulf faced significant setbacks. The broader Bitcoin market experienced volatility, with prices fluctuating and mining profitability declining.

Portfolio Pulse from Surbhi Jain

August 01, 2024 | 1:23 pm

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

August 01, 2024 | 11:03 am

Riot Platforms, Inc. (NASDAQ:RIOT) reported worse-than-expected Q2 results, with a significant miss on both earnings and revenue estimates. The company faced a 52% decrease in Bitcoin production and a substantial increase in mining costs due to the Bitcoin block subsidy 'halving' event and increased network difficulty. Despite these challenges, Riot reported higher Bitcoin mining revenue compared to the same period last year, driven by higher average Bitcoin prices and increased operational hash rate.

Portfolio Pulse from Erica Kollmann

July 31, 2024 | 9:28 pm

Riot Platforms (NASDAQ:RIOT) reported Q2 2024 GAAP EPS of $(0.32), missing the $(0.14) estimate by 128.57%. Sales were $70.018M, missing the $72.222M estimate by 3.05% and down 8.76% from last year's $76.739M.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 8:13 pm

The article highlights unusual options activity in the Information Technology sector, focusing on call and put options for various companies. Notable mentions include NVDA, AMD, AAPL, ARM, CLSK, MU, QCOM, RIOT, TXN, and TSM, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

July 31, 2024 | 5:35 pm

Jefferies analysts suggest that Donald Trump's recent pro-crypto statements and promises could tie Bitcoin's price to the outcome of the 2024 U.S. presidential election. The Bitcoin mining industry is also seeing changes, with major companies like CleanSpark and Riot Platforms making strategic moves. The upcoming Benzinga Future of Digital Assets event will further explore these trends.

Portfolio Pulse from Murtuza Merchant

July 30, 2024 | 1:22 pm

Shares of crypto-linked stocks are trading lower after initially rising on comments from Trump supporting a strategic national crypto stockpile.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 6:54 pm

Portfolio Pulse from Anusuya Lahiri

July 29, 2024 | 12:23 pm

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