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Riot Platforms, Inc. - RIOT STOCK NEWS

Welcome to our dedicated page for Riot Platforms news (Ticker: RIOT), a resource for investors and traders seeking the latest updates and insights on Riot Platforms stock.

Riot Platforms, Inc. (NASDAQ: RIOT) is a leading vertically integrated Bitcoin mining company that focuses on building, supporting, and operating blockchain technologies. The company has established a robust foothold in the blockchain ecosystem through strategic investments and partnerships, primarily targeting the Bitcoin and Ethereum blockchains.

Riot's core business segments include Bitcoin Mining, Data Center Hosting, and Engineering. The Bitcoin Mining segment, which generates maximum revenue, involves the company mining Bitcoin and earning revenue from this activity. Riot's operations are strategically located, with Bitcoin mining facilities in central Texas and electrical switchgear engineering and fabrication operations in Denver, Colorado.

Riot Platforms has made significant strides in expanding its capabilities and infrastructure. Recently, the company announced the energization of its new Corsicana facility, which marks a significant milestone in its expansion efforts. This facility will enhance Riot's mining capacity and efficiency, positioning the company for further growth in the competitive Bitcoin mining industry.

The company is committed to transparency and regularly updates investors on its financial performance and operational developments. Riot has scheduled its first-quarter 2024 earnings conference call on May 1, 2024, where it will discuss recent results and future plans.

Riot Platforms' mission is to positively impact the sectors, networks, and communities it engages with. The company aims to achieve best-in-class execution through an innovative spirit and strong community partnerships. Riot's vision is to be the world's leading Bitcoin-driven infrastructure platform.

For more information, visit www.riotplatforms.com.

News

Riot Announces First Quarter 2024 Earnings Conference Call

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Riot Platforms, Inc. (NASDAQ: RIOT) has scheduled its first quarter 2024 earnings conference call for May 1, 2024, at 8:30 A.M. EST to discuss the results for the quarter ended March 31, 2024.
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Riot Energizes New Corsicana Facility in Navarro County, Texas

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Riot Platforms, Inc. announces the successful energization of its new Corsicana Facility in Navarro County, Texas, marking a significant milestone in their goal to become the world's largest Bitcoin mining facility. With a 400-megawatt substation now operational, Riot is on track to increase their self-mining hash rate capacity to 31 EH/s by the end of 2024.
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Riot Announces March 2024 Production and Operations Updates

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Riot Platforms, Inc. announces production and operations updates for March 2024, showcasing the production of 425 Bitcoins, infrastructure developments at the Corsicana Facility, and anticipated hash rate growth. The company ended March with $685 million in cash and 8,490 unencumbered Bitcoins on the balance sheet.
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Reformed Energy, a Waste-to-Energy Company, Secures Strategic Investment from Riot Platforms

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Reformed Energy Inc. secures a strategic investment from Riot Platforms, Inc. to develop a pilot site and advance plasma gasification technology for waste management.
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Riot Announces February 2024 Production and Operations Updates

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Riot Platforms, Inc. announces the production of 418 Bitcoins in February 2024, along with infrastructure updates. The company also reveals the comparison of Bitcoin production and operations metrics for February 2024, highlighting a decrease in production and hash rate. Riot plans to increase mining efficiency by installing new miners at the Rockdale Facility and developing the Corsicana Facility for expanded mining capacity. The company aims to achieve a total self-mining hash rate capacity of 31 EH/s by the end of 2024, with ongoing recruitment efforts for human resources.
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Riot Purchases 31,500 Miners From MicroBT to Enhance and Expand Self-Mining Operations at Its Rockdale Facility

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Riot Platforms, Inc. strengthens its self-mining operations by purchasing 31,500 next-generation M60S miners from MicroBT for $97.4 million. This strategic investment aims to boost mining efficiency, replace underperforming machines, and increase hash rate capacity at the Rockdale Facility. The new miners will contribute to a total hash rate capacity of 15.1 EH/s by July 2024, aligning with Riot's 2024 year-end target of 31 EH/s.
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Riot Platforms Reports Full Year 2023 Financial Results, Current Operational and Financial Highlights

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Riot Platforms, Inc. (NASDAQ: RIOT) reports record results for the full year ended December 31, 2023, with $280.7 million in total revenue, 6,626 Bitcoin produced, and a record hash rate capacity of 12.4 EH/s. The company achieved significant milestones in 2023, including completing the Rockdale Facility expansion, forming a partnership with MicroBT for efficient mining, and progressing on the Corsicana Facility development. Riot also maintained a strong balance sheet with $597 million in cash and 7,362 Bitcoin. The company aims to reach 28 EH/s in total hash rate capacity by the end of 2024 and 38 EH/s by the end of 2025.
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Riot Announces January 2024 Production and Operations Updates

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Riot Platforms, Inc. announces unaudited Bitcoin production and operations updates for January 2024. The company produced 520 Bitcoin, with a 16% decrease from December 2023. The average net price per Bitcoin sold increased by 5% compared to December 2023. Riot is developing a new large-scale facility, the Corsicana Facility, to add an additional 400 MW of capacity. The company anticipates achieving a total self-mining hash rate capacity of 29 EH/s by the end of 2024.
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Riot Announces December 2023 Production and Operations Updates

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Riot Platforms, Inc. (NASDAQ: RIOT) produced 619 Bitcoin in December 2023, bringing the total Bitcoin produced in 2023 to 6,626. The company expanded its use of Riot's unique power strategy, resulting in a 12% increase in Bitcoin production compared to the previous month. Riot also achieved a 29% increase in net proceeds from Bitcoin sales and a 18% increase in the average net price per Bitcoin sold. The company's deployed hash rate and miners saw a decrease, but Riot is strategically positioned to increase its self-mining hash rate to 28 EH/s by the end of 2024. Riot ended the year with approximately $590 million in cash on hand and 7,362 in unencumbered Bitcoin on the balance sheet, representing total liquidity of approximately $901 million as of the end of 2023.
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Riot Announces November 2023 Production and Operations Updates

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Riot Platforms, Inc. (NASDAQ: RIOT) announces unaudited production and operations updates for November 2023. The company produced 552 Bitcoin, a 21% increase over October, with a net proceeds of $19.6 million from Bitcoin sales. Riot expanded its hash rate and deployed additional miners, projecting a total self-mining hash rate capacity of 38 EH/s by 2025.
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FAQ

What is the current stock price of Riot Platforms (RIOT)?

The current stock price of Riot Platforms (RIOT) is $11.9 as of January 30, 2025.

What is the market cap of Riot Platforms (RIOT)?

The market cap of Riot Platforms (RIOT) is approximately 4.1B.

What does Riot Platforms, Inc. do?

Riot Platforms, Inc. is a vertically integrated Bitcoin mining company that builds, supports, and operates blockchain technologies.

What are the main business segments of Riot Platforms?

Riot Platforms' main business segments include Bitcoin Mining, Data Center Hosting, and Engineering.

Where are Riot Platforms' operations located?

Riot Platforms has Bitcoin mining operations in central Texas and electrical switchgear engineering and fabrication operations in Denver, Colorado.

What recent achievements has Riot Platforms announced?

Riot Platforms recently announced the energization of its new Corsicana facility, which enhances its mining capacity and efficiency.

When is Riot Platforms' next earnings conference call?

Riot Platforms has scheduled its first-quarter 2024 earnings conference call for May 1, 2024.

What is the mission of Riot Platforms?

Riot Platforms' mission is to positively impact the sectors, networks, and communities it engages with by achieving best-in-class execution through innovation and community partnerships.

What is Riot Platforms' vision?

Riot Platforms' vision is to be the world's leading Bitcoin-driven infrastructure platform.

How does Riot Platforms generate revenue?

Riot Platforms generates revenue primarily through its Bitcoin Mining segment, earning revenue from the Bitcoin it mines.

What is Riot Platforms' strategy for growth?

Riot Platforms' growth strategy includes making targeted investments in the blockchain sector and expanding its mining infrastructure, such as the new Corsicana facility.

Where can I find more information about Riot Platforms?

More information about Riot Platforms can be found on its official website, www.riotplatforms.com.
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Riot Platforms, Inc.

Nasdaq:RIOT

RIOT Rankings

#1434 Ranked by Market Cap
N/A Ranked by Dividends

RIOT Stock Data

4.13B
319.51M
7.05%
40.6%
19.91%
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