Riot Platforms Inc is a bitcoin mining company headquartered in Castle Rock, Colorado. The company engages in proof-of-work mining and focuses on expanding its operations by increasing its Bitcoin mining hash rate and infrastructure capacity.
Founded by Jason Les in 2000, Riot Platforms is one of the largest U.S. based publicly-traded Bitcoin miners in North America. The company rebranded in January 2023, changing its name from Riot Blockchain Inc to its current name, Riot Platforms Inc. The stock is listed on the NASDAQ under ticker symbol RIOT.
October 30, 2023: Bernstein, a private wealth management firm, initiated coverage of Riot stocks, giving it an outperform rating, according to Nasdaq.
Wall Street analysts on average expect Riot Platforms to post an earnings loss of 22 cents per share in the current quarter, according to Yahoo Finance, with estimated revenues expected to come in at $77.5 million.
Riot Platforms executives said in August 2023 that the next phase of its growth plans includes scaling up its mining capacity through its recent purchase agreement with MicroBT to acquire 33,280 next generation miners.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Riot Platforms's shares have ranged in value from as little as $3.25 up to $20.65. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Riot Platforms's is 4.251. This would suggest that Riot Platforms's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $12.4708
| 1 week (2023-11-21) | 11.65% |
|---|---|
| 1 month (2023-10-28) | 30.72% |
| 3 months (2023-08-28) | 3.49% |
| 6 months (2023-05-28) | 0.49% |
| 1 year (2022-11-28) | 193.43% |
| 2 years (2021-11-28) | -64.29% |
| 3 years (2020-11-28) | 99.53% |
| 5 years (2018-11-28) | 539.53% |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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