Riot Platforms, Inc. (RIOT)

US — Financial Services Sector
Peers: HUT  CLSK  BTBT  BITF  HIVE  MARA  WULF 

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Key Metrics & Ratings

  • symbol RIOT
  • Rev/Share 1.6109
  • Book/Share 9.8012
  • PB 2.1997
  • Debt/Equity 0.2638
  • CurrentRatio 1.3766
  • ROIC -0.0637

 

  • MktCap 7969075761.0
  • FreeCF/Share -4.3981
  • PFCF -5.3882
  • PE -76.4462
  • Debt/Assets 0.2029
  • DivYield 0
  • ROE -0.0313

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade RIOT JP Morgan Neutral Overweight -- $19 Sept. 26, 2025
Upgrade RIOT Citigroup Neutral Buy -- $24 Sept. 26, 2025
Initiation RIOT Arete -- Buy -- $26 Sept. 24, 2025
Resumed RIOT Compass Point -- Buy -- -- Sept. 15, 2025
Initiation RIOT Citigroup -- Neutral -- $13.75 Aug. 6, 2025
Downgrade RIOT JP Morgan Overweight Neutral -- $15 July 28, 2025
Initiation RIOT Keefe Bruyette -- Outperform -- -- Jan. 8, 2025
Initiation RIOT Piper Sandler -- Overweight -- $23 Dec. 17, 2024
Initiation RIOT Macquarie -- Outperform -- $15 Sept. 25, 2024

News

Riot Platforms: Cost Of Mining Bitcoin Close To $90K, Hamper Sustainable Profitability
RIOT
Published: February 25, 2025 by: Seeking Alpha
Sentiment: Positive

Riot Platforms' revenue rose to $376M, driven by Bitcoin's price surge, but Bitcoin production fell, and mining costs surged, impacting profitability. Riot's core operating income remains negative, and high SG&A costs and rising mining expenses raise questions about its long-term sustainability without an appreciation in the Bitcoin price. The company's heavy reliance on stock-based compensation and equity dilution raises concerns about shareholder value. Given its subjectively poor performance, it is unclear why stock compensation is so high.

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image for news Riot Platforms: Cost Of Mining Bitcoin Close To $90K, Hamper Sustainable Profitability
Riot Platforms, Inc. (RIOT) Q4 2024 Earnings Call Transcript
RIOT
Published: February 24, 2025 by: Seeking Alpha
Sentiment: Neutral

Riot Platforms, Inc. (NASDAQ:RIOT ) Q4 2024 Earnings Conference Call February 24, 2025 4:30 PM ET Company Participants Phil McPherson - Vice President, Capital Markets & Investor Relations Jason Les - Chief Executive Officer Colin Yee - Executive Vice President & Chief Financial Officer Jason Chung - Executive Vice President, Corporate Development & Strategy Conference Call Participants Greg Lewis - BTIG Nick Giles - B. Riley Securities Darren Aftahi - ROTH MKM Brett Knoblauch - Cantor Fitzgerald Reggie Smith - JPMorgan Mike Colonnese - H.C.

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image for news Riot Platforms, Inc. (RIOT) Q4 2024 Earnings Call Transcript
Riot Platforms, Inc. (RIOT) Q4 Earnings and Revenues Surpass Estimates
RIOT
Published: February 24, 2025 by: Zacks Investment Research
Sentiment: Positive

Riot Platforms, Inc. (RIOT) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of a loss of $0.27 per share. This compares to earnings of $0.48 per share a year ago.

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image for news Riot Platforms, Inc. (RIOT) Q4 Earnings and Revenues Surpass Estimates
Riot Platforms Reports Full Year 2024 Financial Results, Current Operational and Financial Highlights
RIOT
Published: February 24, 2025 by: PRNewsWire
Sentiment: Neutral

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.

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image for news Riot Platforms Reports Full Year 2024 Financial Results, Current Operational and Financial Highlights
Pre-Q4 Earnings: Should RIOT Stock be in Your Portfolio?
RIOT
Published: February 21, 2025 by: Zacks Investment Research
Sentiment: Neutral

RIOT's fourth-quarter 2024 revenues are likely to increase year over year.

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image for news Pre-Q4 Earnings: Should RIOT Stock be in Your Portfolio?
Riot Platforms, Inc. (RIOT) Increases Despite Market Slip: Here's What You Need to Know
RIOT
Published: February 20, 2025 by: Zacks Investment Research
Sentiment: Negative

In the closing of the recent trading day, Riot Platforms, Inc. (RIOT) stood at $11.60, denoting a +0.35% change from the preceding trading day.

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image for news Riot Platforms, Inc. (RIOT) Increases Despite Market Slip: Here's What You Need to Know
Riot Platforms, Inc. (RIOT) Expected to Beat Earnings Estimates: Should You Buy?
RIOT
Published: February 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Riot Platforms, Inc. (RIOT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Riot Platforms, Inc. (RIOT) Expected to Beat Earnings Estimates: Should You Buy?
Will Falling Bond Yields Send These 2 Small Caps Soaring?
PLUG, RIOT
Published: February 13, 2025 by: MarketBeat
Sentiment: Negative

The recent trade tariff announcements rolled out by President Trump have created some volatility in the broader stock markets globally. Where capital flows during these times is often the best piece of information that retail investors can follow to get their portfolios to land on the right side of history.

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image for news Will Falling Bond Yields Send These 2 Small Caps Soaring?
Riot Platforms appoints new directors to board with inputs from Starboard, DE Shaw
RIOT
Published: February 12, 2025 by: Reuters
Sentiment: Positive

Bitcoin miner Riot Platforms said on Wednesday it has appointed three new directors to its board after inputs from investors Starboard Value and D. E. Shaw.

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image for news Riot Platforms appoints new directors to board with inputs from Starboard, DE Shaw
Riot Announces Fourth Quarter and Year-End 2024 Earnings Conference Call
RIOT
Published: February 10, 2025 by: PRNewsWire
Sentiment: Neutral

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.

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image for news Riot Announces Fourth Quarter and Year-End 2024 Earnings Conference Call

About Riot Platforms, Inc. (RIOT)

  • IPO Date 2016-03-31
  • Website https://www.riotplatforms.com
  • Industry Financial - Capital Markets
  • CEO Jason Les
  • Employees 783

Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky. The company also designs and manufactures power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale commercial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.