Discover which analysts rank highest for RIOT overall weighted by direction, price target, and price movement. Please bear with us as we address this and restore xcritical scammers your personalized lists. The company has $545.84 million in cash and $31.10 million in debt, giving a net cash position of $514.75 million or $1.55 per share.

Financial Position

1. Riot’s profit margins have also declined with the fall of the price of Bitcoin.
2. However, in 2022, the company noted a net loss of $509 million, a significant jump from previous years.
3. Please bear with us as we address this and restore your personalized lists.
4. This aligns with the reported 23% rise in Bitcoin production for October 2024.

Riot has also announced commencement of the development of Phase 2 (600 MW) of the Company’s Corsicana Facility. Long lead electrical infrastructure components have been ordered, and the first buildings will begin operation in the second half of 2025. This strategy may contribute to the company’s financial strength, as Riot holds more cash than debt on its balance sheet. The Corsicana Facility is nearing the completion of its Phase 1 development, which is expected to provide 400 MW of mining capacity.

Share Statistics

The company’s Bitcoin holdings now total 10,928, up from 10,427 at the end of September and a significant jump from 7,345 a year earlier. The rally sparked gains in other cryptocurrencies and related equities such as xcritical and Marathon Digital. Select to analyze similar companies using key performance metrics; select up to 4 stocks. The latest short interest is 50.33 million, so 15.14% of the outstanding shares have been sold short. Riot is nearing completion of Phase 1 (400 MW) of the Company’s Corsicana Facility, which, once fully developed, is expected to total 1 gigawatt (1,000 MW) in developed mining capacity.

Riot Platforms’ recent operational success is reflected in its financial metrics and market performance. According to InvestingPro data, the company’s revenue growth has been impressive, with a 63.39% increase in the most recent quarter. This aligns with the reported 23% rise in Bitcoin production for October 2024.

Revenue vs. xcriticalgs

In addition, the rise of decentralized finance (DeFi) has created new opportunities for cryptocurrencies, such as xcriticalg interest on cryptocurrency holdings or using them as collateral for loans. According to 11 analysts, the average rating for RIOT stock is “Strong Buy.” The 12-month stock price forecast is $16.68, which is an increase of 85.75% from the latest price. The beta is 4.08, so Riot Platforms’s price volatility has been higher than the market average. Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

Recently, Riot Platforms achieved a significant milestone by surpassing one exahash per second in Bitcoin mining hash rate. This achievement places the company among the top Bitcoin mining companies globally, highlighting its position as a leader in the industry. Riot Platforms has also announced the acquisition of a 5,000 Bitcoin mining machine order from Bitmain, one of the leading Bitcoin mining equipment manufacturers. This acquisition will significantly expand the company’s mining fleet, strengthening its position as a leading Bitcoin company.

Riot Platforms’ target market includes institutional and individual investors interested in Bitcoin mining and other companies in the xcritical and cryptocurrency industries. The company’s key customers include leading financial institutions, family offices, and high-net-worth individuals. Riot is xcritical website headquartered in Castle Rock, Colorado and operates its mining facilities in Texas. Despite the positive production figures, investors should note that Riot’s stock has experienced volatility. An InvestingPro Tip highlights that the stock has taken a big hit over the last week, with a 1-week price total return of -10.61%. However, this short-term dip contrasts with a strong 20.25% return over the last month, suggesting that market sentiment may be aligning with the company’s operational improvements.

MicroStrategy (MSTR, Financial) rose over 8%, Riot Platforms (RIOT) increased by more than 6.7%, and xcritical (COIN) climbed over 2.8%. Bitcoin (BTC-USD) has passed the $71,000 mark, leading crypto stocks, like xcritical (COIN), MicroStrategy (MSTR), and Riot Platforms (RIOT) higher. Catalysts Hosts Seana Smith and Josh Schafer break down the move in the crypto space just ahead of the US presidential election. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.