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Riot Platforms Inc (NASDAQ: RIOT) |
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Price: $21.8000
$0.66 
3.122%
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| Day's High:
| $21.825000762939453
| Week Perf:
| 14.77 %
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| Day's Low: |
$ 20.66 |
30 Day Perf: |
2.78 % |
| Volume (M): |
15,313,721 |
52 Wk High: |
$ 30.32 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$18.67 |
| Open: |
$20.74 |
52 Wk Low: |
$11.50 |
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| Market Capitalization (Millions $) |
7,580 |
| Shares
Outstanding (Millions) |
348 |
| Employees |
431 |
| Revenues (TTM) (Millions $) |
675 |
| Net Income (TTM) (Millions $) |
-1,324 |
| Cash Flow (TTM) (Millions $) |
-48 |
| Capital Exp. (TTM) (Millions $) |
288 |
Business Description
We are a vertically integrated Bitcoin mining firm that is primarily focused on improving our mining skills. At our Bitcoin mining facility in Rockdale, Texas, we also supply the necessary mining infrastructure for our institutional size clients to mine Bitcoin. Our Whinstone operation is thought to be the largest Bitcoin mining facility in North America in terms of developed capacity.
We operate in an environment which is consistently evolving based on the proliferation of Bitcoin and cryptocurrencies in general. A significant component of our strategy is to effectively and efficiently allocate capital between opportunities that we believe will generate the highest return on our capital.
Our Mining operations are focused on maximizing our ability to successfully mine Bitcoin by growing our hash rate (the amount of computer power we devote to supporting the Bitcoin blockchain) to increase our chances of successfully verifying transactions to be recorded in the decentralized digital ledger comprising the Bitcoin blockchain. Generally, the greater share of the Bitcoin blockchain's total network hash rate (the aggregate hash rate deployed to solving a block on the Bitcoin blockchain) represented by a miner's hash rate, the greater the miner's chances of earning Bitcoin rewards. As additional miner operators have entered the market in response to increased demand for Bitcoin, the Bitcoin blockchain's network hash rate has grown. We expect this trend to continue, so we expect to need to continue to grow our hash rate to compete in our dynamic and highly competitive industry.
A mining pool is a service operated by a mining pool operator that pools the resources of individual miners to share their processing power over a network and split rewards according to the amount of hash rate they contributed to the probability of placing a block on the blockchain. Mining pools emerged in response to the growing difficulty and network hash rate competing for Bitcoin rewards on the Bitcoin blockchain, as a way of lowering costs and de-risking an individual miner's mining activities.
The mining pool operator provides a service that coordinates the computing power of the independent mining enterprises participating in the mining pool. The pool uses software that coordinates the pool members' hash rate, identifies new block rewards, records how much work all the participants are doing, and assigns Bitcoin rewards to its participants in proportion to the hash rate each participant contributed to the successful mining transaction. Fees are paid to the mining pool operator to cover the costs of maintaining the pool and are deducted from amounts we may otherwise earn. Fees (and payouts) fluctuate and historically have been no more than approximately 2% per reward earned, on average. Mining pools are subject to various risks such as disruption and down time. In the event that a pool experiences down time or is not yielding returns, our results may be impacted.
Company Address: 3855 Ambrosia Street Castle Rock 80109 CO
Company Phone Number: 794-2000 Stock Exchange / Ticker: NASDAQ RIOT
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| Stock Performances by Major Competitors |
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| Business Update
Published Thu, Feb 13 2025 10:30 AM UTC
Riot Platforms, Inc. (NASDAQ: RIOT), a leader in the Bitcoin mining industry, has recently announced significant changes to its Board of Directors and provided updates on its strategic business initiatives, including an influential proposal concerning Bitfarms Ltd. (NASDAQ/TSX: BITF). These developments come at a crucial time as the competition in the cryptocurrency sector i...
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| Business Update
Published Tue, Jan 21 2025 3:49 PM UTC
Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the Bitcoin mining sector, continues to bolster its strategic positioning and expand its portfolio through innovative initiatives and acquisitions. The company recently announced a dual-focus strategy aimed at enhancing the value of its Corsicana Facility in Navarro County, Texas, which boasts an impressive 600 megaw...
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| Business Update
Published Mon, Sep 23 2024 12:47 PM UTC
Riot Platforms, Inc. (NASDAQ: RIOT), a prominent player in the cryptocurrency mining industry, recently announced a settlement agreement with Bitfarms Ltd. (NASDAQ/TSX: BITF) on September 23, 2024. This development was communicated via a press release pursuant to Canadian National Instrument regulations regarding early warning reporting and takeover bids.The settlement betwe...
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| Stocks on the Move
Published Tue, Jul 16 2024 5:40 PM UTC
In recent news surrounding the tech and cryptocurrency sectors, two articles caught investors attention. The first highlights the insolvency proceedings faced by Byjus, once India s most valuable startup, and its parent company Think and Learn Private Limited. The second article focuses on Riot Platforms Inc, a leading Bitcoin mining company, and its stocks, which experienc...
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| Stocks on the Move
Published Mon, Jul 8 2024 4:08 PM UTC
Riot Platforms Inc, a prominent player in the Bitcoin mining industry, has experienced a challenging year so far. With its shares trailing the performance of the entire market and falling behind its own customers, the company is facing several hurdles. Analyzing recent events and financial statistics, we delve into the various factors impacting Riot Platforms Inc s performan...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
-3.9 $ |
| Revenues (TTM) |
1.94 $
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| Cash Flow (TTM) |
- |
| Cash |
1.45 $
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| Book Value |
6.31 $
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| Dividend (TTM) |
0 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
1,564,998 |
| Net
Income per Employee (TTM) |
-3,071,972 |
| Receivable Turnover Ratio (TTM) |
16.32 |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.18 |
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| Per Share |
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| Earnings (TTM) |
-3.9 $
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| Revenues (TTM) |
1.94 $ |
| Cash Flow (TTM) |
- |
| Cash |
1.45 $
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| Book Value |
6.31 $ |
| Dividend (TTM) |
0 $ |
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| Intereliminations |
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 -10.61 % |
of total Revenue |
| Total segments |
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110.61 % |
of total Revenue |
| Total Intereliminations |
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10.61 % |
of total Revenue |
| Bitcoin Mining |
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66.92 % |
of total Revenue |
| Bitcoin Mining segments |
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66.92 % |
of total Revenue |
| Data Centers |
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19.82 % |
of total Revenue |
| Data Centers segments |
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19.82 % |
of total Revenue |
| Engineering |
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13.26 % |
of total Revenue |
| Engineering segments |
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23.87 % |
of total Revenue |
| Engineering Intereliminations |
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10.61 % |
of total Revenue |
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4.06%