Riot PlatformsRIOT
RIOT
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
69% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 59
7% more call options, than puts
Call options by funds: $147M | Put options by funds: $136M
3.88% less ownership
Funds ownership: 46.89% [Q2] → 43.01% (-3.88%) [Q3]
4% less funds holding
Funds holding: 268 [Q2] → 256 (-12) [Q3]
15% less first-time investments, than exits
New positions opened: 41 | Existing positions closed: 48
21% less capital invested
Capital invested by funds: $1.24B [Q2] → $973M (-$265M) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$11
18%
downside
Avg. target
$16.25
21%
upside
High target
$23
72%
upside
6 analyst ratings
6 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Patrick Moley 80% 1-year accuracy 35 / 44 met price target | 72%upside $23 | Overweight Initiated | 17 Dec 2024 |
JP Morgan Reginald Smith 58% 1-year accuracy 15 / 26 met price target | 19%upside $16 | Overweight Maintained | 10 Dec 2024 |
Compass Point Chase White 100% 1-year accuracy 9 / 9 met price target | 3%downside $13 | Buy Maintained | 31 Oct 2024 |
Macquarie Paul Golding 71% 1-year accuracy 32 / 45 met price target | 31%upside $17.50 | Outperform Maintained | 31 Oct 2024 |
Needham John Todaro 88% 1-year accuracy 58 / 66 met price target | 18%downside $11 | Buy Reiterated | 31 Oct 2024 |
Financial journalist opinion
Based on 16 articles about RIOT published over the past 30 days
Positive
Seeking Alpha
1 day ago
Buying Riot Platforms For Bitcoin Yield
Riot Platforms is the second largest public bitcoin mining company by market cap, highlighting its significant presence in the industry. The company has aggressive expansion plans to grow its hashrate to 100 EH/s over the coming years while increasing miner efficiency. RIOT has begun to implement a debt and equity financing strategy to acquire and hold more bitcoin, to enhance its bitcoin yield.
Positive
Zacks Investment Research
3 days ago
Buy 5 Crypto-Centric Stocks Likely to Gain Big From Bitcoin Rally
Five crypto-centric stocks have strong potential for 2025. These are: NVDA, COIN, HOOD, RIOT, IBKR.
Positive
The Motley Fool
3 days ago
Why the Market Was so Thrilled With Riot Platforms Stock This Week
A research report singing the praises of the cryptocurrency mining sector was a key impetus behind Riot Platforms' (RIOT -1.26%) rise over the past few stock trading sessions. The Bitcoin (CRYPTO: BTC) specialist's shares were enjoying a nearly 11% lift week to date as of Friday before market open as a result, according to data compiled by S&P Global Market Intelligence.
Positive
Seeking Alpha
3 days ago
Riot Platforms: The Bitcoin Miner Plans To Strike Gold
Cryptocurrencies surged in 2024, with Bitcoin gaining 121% due to favorable regulations and Trump's election, driving smart money into Bitcoin-related stocks like Riot Platforms. Riot Platforms significantly expanded its mining capacity, achieving a 155% YoY increase in hash rate, making it the fastest-growing Bitcoin miner globally. Riot's strategy includes acquiring ready-to-run mining sites and diversifying energy sources, reducing reliance on Texas and benefiting from Kentucky's energy-saving programs.
Neutral
Zacks Investment Research
3 days ago
Riot Platforms, Inc. (RIOT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Riot Platforms, Inc. (RIOT) closed the most recent trading day at $13.29, moving -1.26% from the previous trading session.
Neutral
Zacks Investment Research
5 days ago
RIOT Stock Declines 13% in a Month: Is This a Buying Opportunity?
With Riot Platforms' shares recently declining, we assess the stock's current standing to determine if it offers a compelling investment opportunity.
Negative
Investors Business Daily
1 week ago
Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Crypto ETFs rallied as Bitcoin hit a $108,000 milestone in December but have fallen with the digital asset in 2025. The post Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Negative
Investors Business Daily
1 week ago
Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Crypto ETFs rallied as Bitcoin hit a $108,000 milestone in December but have fallen with the digital asset in 2025. The post Bitcoin ETF Outflows Gather Steam As Bitcoin Falls Near $90,000; Are Crypto ETFs A Sell Now?
Positive
Zacks Investment Research
1 week ago
Wall Street Bulls Look Optimistic About Riot Platforms, Inc. (RIOT): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Neutral
PRNewsWire
2 weeks ago
Riot Announces December 2024 Production and Operations Updates
Riot Produces 516 Bitcoin in December 2024 CASTLE ROCK, Colo. , Jan. 6, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for December 2024.
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