Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado.
IPO Year:
Exchange: NASDAQ
Website: riotblockchain.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | Outperform | Keefe Bruyette | |
| 12/17/2024 | $23.00 | Overweight | Piper Sandler |
| 9/25/2024 | $15.00 | Outperform | Macquarie |
| 7/24/2024 | $15.00 → $13.00 | Buy | Needham |
| 12/8/2023 | $8.00 → $12.00 | Underweight → Neutral | JP Morgan |
| 10/31/2023 | $15.60 | Outperform | Bernstein |
| 10/11/2023 | $6.50 | Underweight | JP Morgan |
| 2/21/2023 | $9.00 | Buy | Needham |
| 11/23/2022 | $10.00 | Buy | H.C. Wainwright |
| 9/29/2022 | $7.00 | Equal Weight | Wells Fargo |
Keefe Bruyette initiated coverage of Riot Platforms with a rating of Outperform
Piper Sandler initiated coverage of Riot Platforms with a rating of Overweight and set a new price target of $23.00
Macquarie initiated coverage of Riot Platforms with a rating of Outperform and set a new price target of $15.00
Needham reiterated coverage of Riot Platforms with a rating of Buy and set a new price target of $13.00 from $15.00 previously
JP Morgan upgraded Riot Platforms from Underweight to Neutral and set a new price target of $12.00 from $8.00 previously
Bernstein initiated coverage of Riot Platforms with a rating of Outperform and set a new price target of $15.60
JP Morgan initiated coverage of Riot Platforms with a rating of Underweight and set a new price target of $6.50
Needham initiated coverage of Riot Platforms with a rating of Buy and set a new price target of $9.00
H.C. Wainwright resumed coverage of Riot Blockchain with a rating of Buy and set a new price target of $10.00
Wells Fargo initiated coverage of Riot Blockchain with a rating of Equal Weight and set a new price target of $7.00
4 - Riot Platforms, Inc. (0001167419) (Issuer)
4 - Riot Platforms, Inc. (0001167419) (Issuer)
4 - Riot Platforms, Inc. (0001167419) (Issuer)
4 - Riot Platforms, Inc. (0001167419) (Issuer)
4 - Riot Platforms, Inc. (0001167419) (Issuer)
4 - Riot Platforms, Inc. (0001167419) (Issuer)
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10-Q - Riot Platforms, Inc. (0001167419) (Filer)
8-K - Riot Platforms, Inc. (0001167419) (Filer)
8-K - Riot Platforms, Inc. (0001167419) (Filer)
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8-K - Riot Platforms, Inc. (0001167419) (Filer)
Riot Produces 463 Bitcoin in April 2025 CASTLE ROCK, Colo., May 5, 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 April 2025. Bitcoin Production and Operations Updates for April 2025 Comparison (%) Metric April 2025 1 March 2025 1 April 2024 Month/Month Year/Year Bitcoin Produced 463 533 375 -13 % 23 % Average Bitcoin Produced per Day 15.4 17.2 12.5 -10 % 23 % Bitcoin Held 2 19,2113 19,223 8,872 0 % 117 % Bitcoin Sold 475 - - N/A N/A Bitcoin Sales - Net Proceeds $38.8 million - - N/A N/A Average Net Price per Bitcoin Sold $81,731 N
Riot Reports $161.4 million in Total Revenue and Deployed Hash Rate of 33.7 EH/s CASTLE ROCK, Colo., May 1, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, reported financial results for the three-month period ended March 31, 2025. The accompanying presentation materials are available on Riot's website. "Riot made strong progress on a number of key financial and strategic initiatives during the first quarter of 2025, which I am excited to announce today," said Jason Les, CEO of Riot.
Acquisition immediately terminates unprofitable legacy hosting contracts with RhodiumRiot assumes Rhodium's 125 MW of power capacity and existing operating assets at the Rockdale Facility100% of the Rockdale Facility power capacity now dedicated to Riot Platforms and its subsidiariesCASTLE ROCK, Colo., April 28, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that Whinstone US, Inc. ("Whinstone"), a wholly-owned subsidiary of Riot, has acquired specific assets owned by Rhodium Encore LLC (together with its affiliates, "Rhodium") at Riot's Rockdale Facility (the "Transaction")
CASTLE ROCK, Colo., April 23, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility (the "Credit Facility") with Coinbase Credit, Inc. ("Coinbase"), a subsidiary of Coinbase Global, Inc. (NASDAQ:COIN). Under the terms of the Credit Facility, Coinbase will provide a multiple drawdown term loan facility in an aggregate principal amount up to $100 million which will be made available to Riot over a two-month period
CASTLE ROCK, Colo., April 17, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today that it has scheduled its first quarter 2025 earnings conference call for Thursday, May 1, 2025, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended March 31, 2025. This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or intern
CASTLE ROCK, Colo., April 8, 2025 /CNW/ - Riot Platforms, Inc. (NASDAQ:RIOT) ("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. (NASDAQ/TSX:BITF) ("Bitfarms" or the "Company"). On April 7, 2025, Riot delivered a waiver and irrevocable proxy (the "Waiver and Irrevocable Proxy") to the Company, pursuant to which Riot irrevocably waived and relinquished its rights under Section 2.2, Section 3.4, Section 3.5, Section 3.7 and Section 5 of the Settlement Agreement (
Riot Produces 533 Bitcoin in March 2025 CASTLE ROCK, Colo., April 3, 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 March 2025. Bitcoin Production and Operations Updates for March 2025 Comparison (%) Metric March 2025 1 February 2025 1 March 2024 Month/Month Year/Year Bitcoin Produced 533 470 425 13 % 25 % Average Bitcoin Produced per Day 17.2 16.8 13.7 2 % 25 % Bitcoin Held 2 19,223 18,692 8,490 3 % 126 % Bitcoin Sold - - - N/A N/A Bitcoin Sales - Net Proceeds - - - N/A N/A Average Net Price per Bitcoin Sold N/A N/A N/A N/A N/A De
Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All Claims CASTLE ROCK, Colo., March 21, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition (the "Term Sheet") by Whinstone US, Inc., or an affiliate ("Whinstone"), a wholly-owned subsidiary of Riot, of specific assets owned by Rhodium Encore LLC (together with its affiliates, "Rhodium") at Riot's Rockdale Facility (the "Transaction"), and the filing of a motion to approve settlement under Federal
Riot Produces 470 Bitcoin in February 2025 CASTLE ROCK, Colo., March 4, 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 February 2025. Bitcoin Production and Operations Updates for February 2025 Comparison (%) Metric February 2025 1 January 2024 1 February 2024 Month/Month Year/Year Bitcoin Produced 470 527 418 -11 % 12 % Average Bitcoin Produced per Day 16.8 17.0 14.4 -1 % 16 % Bitcoin Held 2 18,692 18,221 8,067 3 % 132 % Bitcoin Sold - - - N/A N/A Bitcoin Sales - Net Proceeds - - - N/A N/A Average Net Price per Bitcoin Sold N/A
Riot Reports $376.7 million in Total Revenue and Deployed Hash Rate of 31.5 EH/s CASTLE ROCK, Colo., Feb. 24, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, reported financial results for the full year ended December 31, 2024. The accompanying presentation materials are available on Riot's website. "Riot had a remarkable year in 2024, generating record revenue of $376.7 million and net income of $109.4 million," said Jason Les, CEO of Riot. "These results are particularly noteworthy in the context of the Bitcoin network's 'halving' in April of 2024, and an increase in global hash rate of 67% over
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CASTLE ROCK, Colo., April 17, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today that it has scheduled its first quarter 2025 earnings conference call for Thursday, May 1, 2025, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended March 31, 2025. This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or intern
CASTLE ROCK, Colo., Feb. 10, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today that it has scheduled its fourth quarter and year-end 2024 earnings conference call for Monday, February 24, 2025, at 4:30 P.M. EST. This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or internationally, please use this link here to register. A replay of the we
CASTLE ROCK, Colo., Oct. 16, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended September 30, 2024. This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States
Riot Produces 370 Bitcoin in July 2024 and Expands into Kentucky CASTLE ROCK, Colo., Aug. 5, 2024 /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 July 2024. Bitcoin Production and Operations Updates for July 2024 Comparison (%) Metric July 2024 1 June 2024 1 July 2023 Month/Month Year/Year Bitcoin Produced 370 255 410 45 % -10 % Average Bitcoin Produced per Day 11.9 8.5 13.2 40 % -10 % Bitcoin Held 2 9,704 9,334 7,275 4 % 33 % Bitcoin Sold - - 400 N/A N/A Bitcoin Sales - Net Proceeds - - $12.1 million N/A N/A Average Net Price per Bitco
Riot Reports $70.0 million in Total Revenue and Deployed Hash Rate of 22.0 EH/s CASTLE ROCK, Colo., July 31, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, reported financial results for the three-month period ended June 30, 2024. The unaudited financial statements and accompanying presentation materials are available on Riot's website. "I am extremely pleased to present results for Riot's second quarter 2024, during which we accomplished significant operational growth and execution of our long-term strategy," said Jason Les, CEO of Riot. "The second quarter saw the Bitcoin network 'halving' in Ap
Acquisition adds 60 Megawatts ("MW") of current operational capacity with the potential to quickly expand to 110 MW this year under existing agreements, and a pipeline to build to over 300 MW in KentuckyTransaction immediately adds 1 EH/s to Riot's existing self-mining hash rate with a potential to add up to a total of 16 EH/s by the end of 2025Expands Riot's operating footprint into Kentucky with an experienced on-the-ground management teamCASTLE ROCK, Colo., July 23, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has acquired Block Mining, Inc. ("Block Mining"), a
CASTLE ROCK, Colo., July 22, 2024 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today that it has scheduled its second quarter 2024 earnings conference call for Wednesday, July 31, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended June 30, 2024. This conference call will be available through the audio webcast, please use this link here to register. Additionally, participants can join the conference call by dialing 1-877-407-07
Castle Rock, CO, April 24, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announced today that it has scheduled its first quarter 2024 earnings conference call for Wednesday, May 1, 2024, at 8:30 A.M. EST. During the call, Riot will discuss the results for the quarter ended March 31, 2024. This conference call will be available through the audio webcast, please use this link here to register. Additionally, participants can join the conference call by dialing 1-877-407-0779 within the United States or by dialing 1-201-389-0914 internationally. A replay of the conference call will
CASTLE ROCK, Colo., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, reports financial results for the full year ended December 31, 2023. The audited financial statements are available on Riot's website and here. "I am pleased to announce results for Riot for 2023, which proved to be another milestone year in Riot's ongoing development as a leading vertically integrated Bitcoin miner," said Jason Les, CEO of Riot. "We achieved record results in 2023, generating all-time highs of $281 million in total revenues, 6,626 Bitcoin produced, and $71 million in power credits earned fr
Castle Rock, CO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ:RIOT) ("Riot," "Riot Blockchain" or "the Company"), an industry leader in Bitcoin ("BTC") mining and hosting, announces unaudited production and operations updates for July 2022. Bitcoin Production and Operations Updates In July 2022, Riot produced 318 BTC, a decrease of approximately 28% as compared to July 2021 production of 443 BTC, while significantly reducing overall power costs through effective employment of its proprietary power strategy.Riot earned an estimated $9.5 million in power credits as a result of curtailment activity, to be credited against its power invoices; the $9.5 million in power cr
4 - Riot Platforms, Inc. (0001167419) (Issuer)
Jaime Leverton, Doug Mouton and Michael Turner to Join the Board and Bring Directly Applicable AI/HPC Conversion, Data Center and Real Estate Experience Retains Evercore and Northland Capital to Lead Engagement with Potential AI/HPC Partners Following Increased Inbound Interest Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the "Board"). The three new directors were selected through a comprehensive process conducted by the Board's Governance and Nominating Committee, with constructive, independent input fr
- Andrés Finkielsztain Steps Down from Board - - Bitfarms Appoints Amy Freedman to Board of Directors - - Board to Nominate an Independent Director for Election at Special Meeting - - Standstill Agreement Through 2026 Annual Meeting - This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023. TORONTO, Ontario and BROSSARD, Québec and CASTLE ROCK, Colo., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (TSX:BITF) ("Bitfarms" or the "Company"), a global leader in vertically integrated Bitcoin data center operations, and Riot Platforms Inc.
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"). Riot announces that on June 13, 2024 it acquired ownership of 1,432,063 common shares (the "Purchased Shares") of the Company representing approximately 0.35% of the issued and outstanding Common Shares (the "Common Shares") of the Company (as calculated based on the information most recently provided by the Company in its material change report dated June 10, 2024). T
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"). Riot announces that on June 5, 2024 it acquired ownership of 1,460,278 common shares (the "Purchased Shares") of the Company representing approximately 0.37% of the issued and outstanding Common Shares (the "Common Shares") of the Company. The Purchased Shares were acquired through normal course purchases on the Nasdaq Stock Market and other open market trades for a we
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"). Riot announces that on May 28, 2024 it acquired ownership of 3,002,350 common shares (the "Purchased Shares") of the Company representing approximately 0.75% of the issued and outstanding Common Shares (the "Common Shares") of the Company. The Purchased Shares were acquired through normal course purchases on the Nasdaq Stock Market and other open market trades for a we
CASTLE ROCK, Colo., July 08, 2022 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ:RIOT) ("Riot," "Riot Blockchain" or the "Company"), an industry leader in Bitcoin ("BTC") mining and hosting is pleased to announce that, to express its appreciation for stockholder participation, Riot will make a charitable donation of $1.00 in Bitcoin to No Kid Hungry on behalf of every unique stockholder that votes for matters pertaining to the Company's upcoming Annual General Meeting of stockholders (the "AGM"). As many as 13 million children in the United States live in food insecure homes, meaning their households do not have enough food for every family member to lead a healthy life. No Kid Hungry i
Castle Rock, CO, May 24, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ:RIOT) ("Riot" or the "Company"), one of the leading Nasdaq-listed public Bitcoin mining companies in the United States, announces the appointment of Benjamin Yi as Executive Chairman, and that Lance D'Ambrosio has been appointed to the Company's Board of Directors, as an independent director. Appointment of Executive Chairman, Benjamin Yi Benjamin Yi has served as an independent director on the Riot's Board of Directors since October 2018 and as Chairman of the Board since November 2020. As Executive Chairman, he will support and continue to work closely with Riot's executive management team to execute up
Castle Rock, CO, April 06, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), one of the leading Nasdaq-listed bitcoin mining companies in the United States, announced today the appointment of Megan Brooks as Chief Operating Officer, Phil McPherson as Vice President, Capital Markets and Ryan Werner as Vice President, Finance. These appointments are being made to support the substantial progress Riot is making on its strategic initiatives. Megan Brooks, previously Riot’s VP of Finance, promoted to Chief Operating Officer to continue managing Riot’s mining operations, which have grown significantly under her purviewRyan Werner joins
Castle Rock, CO, Feb. 08, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), one of the few NASDAQ-listed bitcoin mining companies in the United States, is pleased to announce the appointment of Jason Les as Chief Executive Officer, and that Hannah Cho has been appointed to the Company’s Board of Directors, as an independent director. Mr. Les has been deeply involved with Bitcoin since 2013, with significant experience in both mining and as an engineer studying protocol development and contributing to open-source projects. He has served as an independent director on the Company’s Board of Directors since 2017, and he will continu