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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 October 2023 Production and Operations Updates

Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) announces unaudited Bitcoin production and operations updates for October 2023. The company produced 458 Bitcoin, an increase of 26% from September 2023. Hash rate increased, and miners deployed grew by 8%. Net proceeds from Bitcoin sales increased by 39% compared to the previous month. The average net price per Bitcoin sold also increased by 8%.
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Riot Announces September 2023 Production and Operations Updates

Rhea-AI Summary
Riot Platforms, Inc. announces Bitcoin production and operations updates for September 2023
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Riot Responds to Recent Inquiries Regarding Its Power Strategy

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Riot Platforms clarifies power strategy, earned $7 million from ERCOT ancillary services program in August. Sold $24 million of pre-purchased energy to TXU. Actively participates in demand response programs. Employing hundreds of Texans.
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Riot Announces August 2023 Production and Operations Updates

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Riot Produces 333 Bitcoin While Realizing Expanded Benefits of Power Strategy
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2.37%
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Riot Platforms Reports Second Quarter 2023 Financial Results, Current Operational and Financial Highlights

Rhea-AI Summary
Riot Platforms, Inc. reported $76.7 million in total revenue for Q2 2023, achieving a new all-time record hash rate capacity of 10.7 EH/s. The company executed its power strategy at an unmatched scale, resulting in an average cost to mine of $8,389 per Bitcoin compared to an average Bitcoin price of $28,024. Riot also signed a long-term purchase agreement with MicroBT for 33,280 next-generation miners and an agreement with Midas Immersion to purchase 200 megawatts of immersion cooling systems.
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Riot Announces July 2023 Production and Operations Updates

Rhea-AI Summary
Riot Platforms, Inc. announces unaudited production and operations updates for July 2023. The company produced 410 Bitcoin, generated $6.4 million in power credits, and $1.8 million in demand response credits. Replacement dry coolers for repairing Building G have begun shipping. Riot anticipates achieving a total self-mining hash rate capacity of 12.5 EH/s in the second half of 2023.
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Midas Immersion Cooling to Supply 200 MW of Leading-Edge Immersion Cooling Equipment Solutions to Riot Platforms, Inc.

Rhea-AI Summary
Midas Immersion Cooling has entered into a long-term supply agreement with Riot Platforms. The initial purchase includes 200 MW of immersion systems, with the option for an additional 400 MW. This brings the total worldwide deployment of Midas immersion systems to 0.5 GW.
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Riot Announces June 2023 Production and Operations Updates

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Riot Purchases 7.6 EH/s of Next Generation Miners From MicroBT, Manufactured in the United States

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Riot Announces May 2023 Production and Operations Updates

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FAQ

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

The current stock price of Riot Platforms (RIOT) is $11.55 as of December 20, 2024.

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

The market cap of Riot Platforms (RIOT) is approximately 3.9B.

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

#1453 Ranked by Market Cap
N/A Ranked by Dividends

RIOT Stock Data

3.85B
307.91M
7.3%
41.22%
12.4%
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