Riot PlatformsRIOT
Market Cap: $1.94B
About: Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment which generates revenue from the Bitcoin the company earns through its mining activities.
Employees: 534
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
102% more repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 56
9% more call options, than puts
Call options by funds: $171M | Put options by funds: $157M
2.49% less ownership
Funds ownership: 47.49% [Q1] → 45.0% (-2.49%) [Q2]
6% less funds holding
Funds holding: 282 [Q1] → 266 (-16) [Q2]
18% less capital invested
Capital invested by funds: $1.45B [Q1] → $1.19B (-$261M) [Q2]
24% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 68
100% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 0 (-2) [Q2]
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 261%upside $23 | Overweight Reiterated | 3 Sept 2024 |
JP Morgan Reginald Smith 48% 1-year accuracy 12 / 25 met price target | 49%upside $9.50 | Overweight Maintained | 23 Aug 2024 |
Needham John Todaro 26% 1-year accuracy 11 / 43 met price target | 119%upside $14 | Buy Maintained | 1 Aug 2024 |
Cantor Fitzgerald Brett Knoblauch 27% 1-year accuracy 22 / 81 met price target | 261%upside $23 | Overweight Reiterated | 1 Aug 2024 |
HC Wainwright & Co. Mike Colonnese 16% 1-year accuracy 8 / 50 met price target | 166%upside $17 | Buy Reiterated | 1 Aug 2024 |
Financial journalist opinion
Based on 8 articles about RIOT published over the past 30 days