NASDAQ: RIOT · IEX Real-Time Price · USD
8.57
-0.75 (-8.05%)
At close: Aug 2, 2024, 4:00 PM
7.29
-1.28 (-14.94%)
Pre-market: Aug 5, 2024, 8:00 AM EDT
-8.05% (1D)
| Market Cap | 2.47B |
| Revenue (ttm) | 280.02M |
| Net Income (ttm) | 161.23M |
| Shares Out | 288.79M |
| EPS (ttm) | 0.72 |
| PE Ratio | 11.90 |
| Forward PE | 29.89 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 24,761,921 |
| Open | 9.27 |
| Previous Close | 9.32 |
| Day's Range | 8.44 - 9.46 |
| 52-Week Range | 7.80 - 18.75 |
| Beta | 4.16 |
| Analysts | Strong Buy |
| Price Target | 17.28 (+101.63%) |
| Earnings Date | Jul 31, 2024 |
About RIOT
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity. In addition, the company engages in the design and manufacturing of powe... [Read more]
Industry Capital Markets
Sector Financials
Founded 2000
Employees 534
Stock Exchange NASDAQ
Ticker Symbol RIOT
Full Company Profile
Financial Performance
In 2023, Riot Platforms's revenue was $280.68 million, an increase of 8.30% compared to the previous year's $259.17 million. Losses were -$49.47 million, -90.29% less than in 2022.
Financial Statements
Analyst Forecast
According to 11 analysts, the average rating for RIOT stock is "Strong Buy." The 12-month stock price forecast is $17.28, which is an increase of 101.63% from the latest price.
Price Target
$17.28
(101.63% upside)
Analyst Consensus: Strong Buy
Stock Forecasts
News
Riot Platforms, Inc. Reports Beneficial Ownership of 16.9% in Bitfarms Ltd.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over ...
2 days ago - Business Wire
Riot Platforms stock has a 71% upside: analyst
Riot Platforms (RIOT) stock price has broken a bad record for the year. It has retreated in the past nine straight days and reached a low of $10, its lowest swing since July 12.
3 days ago - Invezz
Riot Platforms Reports Second Quarter 2024 Financial Results, Current Operational and Financial Highlights
Riot Reports $70.0 million in Total Revenue and Deployed Hash Rate of 22.0 EH/s CASTLE ROCK, Colo. , July 31, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an ind...
4 days ago - PRNewsWire
US-listed crypto stocks jump after Trump's pro-bitcoin speech
Shares of New York-listed cryptocurrency firms gained before the open on Monday after Republican presidential candidate Donald Trump talked up bitcoin and promised friendlier regulation for the indust...
Other symbols: CLSKCOIN
7 days ago - Reuters
Riot Announces that Ontario Capital Markets Tribunal Has Terminated Bitfarms' Poison Pill
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today announced that it was successful in its application to the Ontario Capital Markets Tribunal (the “Tribunal”) to ...
11 days ago - Business Wire
Fiduciary Trust International Expands New York Office with Addition of Two Seasoned Portfolio Managers
NEW YORK--(BUSINESS WIRE)--Fiduciary Trust International Expands New York Office with Addition of Two Seasoned Portfolio Managers.
Other symbols: NOW
11 days ago - Business Wire
Riot Platforms Becomes Second Largest US-Listed Miners With Block Mining Acquisition
In a bold strategic move, Riot Platforms Inc RIOT has announced its acquisition of Block Mining, a Kentucky-based Bitcoin BTC/USD miner with a massive power capability.
11 days ago - Benzinga
Riot Announces the Acquisition of Block Mining - Expands Riot's Total Potential Power Capacity To 2 Gigawatts
Acquisition adds 60 Megawatts ("MW") of current operational capacity with the potential to quickly expand to 110 MW this year under existing agreements, and a pipeline to build to over 300 MW in Kentu...
12 days ago - PRNewsWire
RIOT ANNOUNCES SECOND QUARTER 2024 EARNINGS CONFERENCE CALL
CASTLE ROCK, Colo. , July 22, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today th...
13 days ago - PRNewsWire
Riot Platforms stock price went parabolic, but risks remain
Riot Platforms (NASDAQ: RIOT) stock price bounced back on Monday, joining other Bitcoin mining companies like Marathon Digital, Core Scientific, Cipher Mining, and CleanSpark. It soared to a high of $...
20 days ago - Invezz
Riot Launches www.ABetterBitfarms.com
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today launched www.ABetterBitfarms.com in connection with its requisition of a special meeting of shareholders (the “S...
Other symbols: BITF
27 days ago - Business Wire
Crypto, Retail, and Oil Are Hot for Deals. Check These Stocks.
These companies could be potential targets or buyers in the second half of 2024.
Other symbols: BITFCIVICORZCTRADVNKSSOVV
4 weeks ago - Barrons
RIOT ANNOUNCES JUNE 2024 PRODUCTION AND OPERATIONS UPDATES
Riot Reaches 22.0 EH/s in Deployed Hash Rate, Exceeding Q2 2024 Target, and Produces 255 Bitcoin in June 2024 CASTLE ROCK, Colo. , July 3, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Ri...
4 weeks ago - PRNewsWire
MARA, CLSK, RIOT stocks at risk as Bitcoin forms a risky pattern
Bitcoin mining stocks are under intense pressure as the BTC price continues its remarkable collapse. Marathon Digital (MARA) stock price dropped by more than 2.7% on Monday while Riot Platforms (RIOT)...
Other symbols: CLSKMARA
5 weeks ago - Invezz
Riot Platforms just withdrew its offer to takeover Bitfarms: find out more
Bitfarms Ltd (NASDAQ: BITF) opened about 10% down on Monday after Riot Platforms Inc (NASDAQ: RIOT) withdrew its $2.30 per share offer to takeover the bitcoin miner. Shares of Riot Platforms are also...
5 weeks ago - Invezz
Riot Platforms withdraws offer for rival Bitfarms, seeks three board seats
Bitcoin miner Riot Platforms said on Monday it was withdrawing its offer for Bitfarms and had nominated three directors to the board of rival crypto miner.
Other symbols: BITF
5 weeks ago - Reuters
Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms Board
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today announced that it has requisitioned a special meeting of Bitfarms Ltd. (NASDAQ: BITF) (“Bitfarms” or the “Compan...
Other symbols: BITF
5 weeks ago - Business Wire
Why is Riot Platforms in a hostile takeover of Bitfarms?
Bitfarms (NASDAQ: BITF) and Riot Platforms (NASDAQ: RIOT) stock prices have been in the spotlight in the past few weeks. BITF has surged by over 78% in the past 30 days, giving it a market cap of over...
Other symbols: BITF
6 weeks ago - Invezz
Riot Platforms boosts stake in Bitfarms to 14%
Bitfarms Ltd (NASDAQ: BITF) is gaining this morning after Riot Platforms Inc (NASDAQ: RIOT) increased its stake in the Bitcoin miner to about $14%. Riot now owns over 59 million Bitfarms shares Riot ...
Other symbols: BITF
7 weeks ago - Invezz
Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over ...
7 weeks ago - Business Wire
MSFT Falls & Latest in RIOT Acquisition of BITF
Microstrategy (MSTR) shares fall after they announced plans to raise $500N to buy more Bitcoin. Kevin Green discusses this, as well as the latest in Riot Platforms (RIOT) acquisition pursuit of Bit Fa...
Other symbols: MSFTBITF
7 weeks ago - Schwab Network
Bitcoin miner Riot Platforms attacks takeover target Bitfarms over poison pill
Riot Platforms said Bitfarms' move to adopt a poison pill to thwart its acquisition by the bitcoin miner was "shareholder unfriendly" and highlighted the lack of solid corporate governance standards.
Other symbols: BITF
7 weeks ago - Reuters
Riot Comments on Bitfarms' Adoption of Shareholder-Unfriendly Poison Pill
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot”) today commented on the shareholder rights plan (the “Poison Pill”) unilaterally adopted by Bitfarms Ltd. (NASDAQ/TSX: ...
7 weeks ago - Business Wire
Riot Platforms acquires 12% stake in rival Bitfarms
Bitcoin miner Riot Platforms said on Wednesday it has acquired ownership of 12% stake in rival Bitfarms Ltd..
Other symbols: BITF
2 months ago - Reuters
Riot Platforms, Inc. Reports Beneficial Ownership of 12% in Bitfarms Ltd.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (“Riot”) issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over ...
Other symbols: BITF
2 months ago - Business Wire
