MARKET COMPOSITE
RIOT - Riot Blockchain Inc8:00:00 PM 6/14/2024
Price
$10.53
-0.45 (-4.10%)
Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem. It is involved in digital currency mining operation, which utilizes specialized computers that generate digital currency primarily bitcoin. The company also holds interests in various activities, including purchasing and selling digital currencies; provides accounting, audit, and verification services for blockchain based assets, such as cryptocurrencies; and develops TessPay, a payments ecosystem for component and sub-component supply chain settlement solution, as well as other blockchain solutions for telecommunications companies. As of December 31, 2019, approximately 7,400 of the miners were installed and operating. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was founded in 2000 and is based in Castle Rock, Colorado.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue79.3MM+1%
Operating Income203.9MM-190700%
Operating Expenses-124.6MM-
Net Income211.8MM-
G&A57.7MM+49%
Amortization32.3MM-48%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

    CASTLE ROCK, Colo., June 13, 2024--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 Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the "Company").

    CASTLE ROCK, Colo., June 12, 2024--Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot") today commented on the shareholder rights plan (the "Poison Pill") unilaterally adopted by Bitfarms Ltd. (NASDAQ/TSX: BITF) ("Bitfarms" or the "Company"), which takes immediate effect and effectively prevents any shareholder from acquiring 15% or more of Bitfarms’ common shares without making a formal take-over bid for all of the Company’s shares. The 15% trigger is in direct conflict with established legal and gover

    The price of bitcoin slipped below $67,000 Tuesday after investors pulled about $65 million from exchange-traded funds holding the token the day before, according to data from Farside Investors. Bitcoin was trading at $66,834 as of Tuesday morning, down about 4% from its level 24 hours ago, according to CoinDesk data.

    Crypto miners are facing uncertain times as the recent halving event has altered Bitcoin's economic dynamics. Bitcoin prices have stayed elevated, and with a global network hash rate of roughly 600 EH/s, every publicly traded Bitcoin miner can mine Bitcoin profitably. As such, Bitcoin miners offer an attractive and leveraged approach to investing in Bitcoin, essentially allowing them to mine Bitcoin at a discount to spot prices.

    (Bloomberg) -- Bitcoin mining company Bitfarms Ltd. is adopting a “poison pill” shareholder rights plan as a defense after an unsolicited takeover offer by larger rival Riot Platforms Inc. Most Read from BloombergRussia Is Sending Young Africans to Die in Its War Against UkraineMusk to Ban Apple Devices If OpenAI Is Integrated Into OSNYC Landlord to Sell Office Building at Roughly 67% DiscountInvestment Bank Moelis Probes Incident After Video of Employee Appearing to Punch WomanApple Unveils ‘AI

    Bitcoin mining stocks look positioned to thrive as demand for crypto mining infrastructure grows. The price of Bitcoin (BTC-USD) has been rising to over $70,000 in recent months after clawing its way back to the top from a significant fall in 2022. Therefore, the crypto markets appear ripe for steady, sustainable growth going forward. This bodes well for the shovels and picks of the crypto gold rush. These are the companies building and operating the specialized computing hardware and facilities

    Key Insights Riot Platforms' Annual General Meeting to take place on 12th of June Total pay for CEO Jason Les includes...

    CASTLE ROCK, Colo., June 05, 2024--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 Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the "Company").

    Shares of Riot Platforms (RIOT) are moving lower after Kerrisdale Capital came out with a call to short the company's stock. Kerrisdale Capital CIO Sahm Adrangi joins Market Domination to explain the call. "I think our investment thesis is that this sector is just not going to be around in five years. Bitcoin mining is one of the stupidest business models we've come across in our time short-selling," Adrangi tells Yahoo Finance. He adds that looking behind the economics of all US bitcoin miners ...

    Editor’s Note: We have updated the story with Riot Platform’s response to the Short Sell report. Riot Platforms, Inc (NASDAQ:RIOT) shares are trading lower after Kerrisdale Capital’s Founder and Chief Investment Officer, Sahm Adrangi, issued a report on the stock. Adrangi expressed a bear view on Riot Platforms, a $3 billion Bitcoin (CRYPTO: BTC) miner that excels more in energy arbitrage and stock issuance than in generating shareholder value through crypto mining. According to the analyst, Bit