Riot Platforms Inc RIOT made a strategic pivot that is shaking up its future trajectory. The company announced it would pause its Bitcoin BTC/USD mining expansion at Corsicana and instead conduct a feasibility study on converting its remaining capacity to AI and high-performance computing (HPC) use. This move has sparked a positive response from JPMorgan analyst Reginald L. Smith, who says he finds the decision “encouraging.”Analyst Reaction: A Positive Shift For RiotSmith has been advocating for Riot to ex ...

Stockwaves Performance and Team - Stockwaves is a team led by Zac Mannes and Garrett Patten, with contributions from Lyn Alden Schwartzer, providing real-time Elliott Wave technical analysis on selected stocks during each market session [1] - The team has achieved significant trading success, with multiple trades yielding 7-10x returns and others delivering 3-5x returns [1] Analyst and Seeking Alpha Disclosures - The analyst has no current positions in the mentioned companies but may initiate a long position in RIOT through stock purchase or call options within the next 72 hours [2] - Seeking Alpha emphasizes that past performance does not guarantee future results and does not provide investment recommendations or advice [3] - Seeking Alpha analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified by any regulatory body [3]

Cryptocurrencies had a very strong run in 2024 due to a favorable regulatory environment and of course Donald Trump’s victory in November’s presidential election. Bitcoin specifically cruised through major catalysts, beginning with the approval of itsStock analysis brought to you by the team at HedgeMix. The analysis is based on a careful review of the growth prospects of each company. For valuation purposes, we often use the Discounted Cash Flow (DCF) model, sharing valuable insight on cash flow generation ...

Riot Platforms, Inc. (RIOT) closed the most recent trading day at $13.29, moving -1.26% from the previous trading session. This move lagged the S&P 500's daily loss of 0.21%. Elsewhere, the Dow lost 0.16%, while the tech-heavy Nasdaq lost 0.89%.Prior to today's trading, shares of the company had gained 12.64% over the past month. This has outpaced the Business Services sector's loss of 2.5% and the S&P 500's loss of 1.56% in that time.The investment community will be paying close attention to the earnings p ...

Riot Platforms, Inc. (RIOT) has soared 35% over the past three months but dipped 13% in the past month, signaling a correction phase.This aligns with other crypto-focused stocks like Cipher Mining (CIFR) , down 33%, and Marathon Digital (MARA) , off 29% in the past month.Image Source: Zacks Investment ResearchWith RIOT’s recent pullback, investors might see this as a buying opportunity. But is now the right time to invest in RIOT? Let’s dive in.Trump’s Policies Should Propel Bitcoin and RIOTBitcoin's value ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Riot Platforms, Inc. (RIOT) .Riot Platforms, Inc. currently has an average ...

MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to unveil RIOX, the first 2X long ETF for Riot Platforms, Inc. RIOX seeks to provide 200% long daily targeted exposure to Riot Platforms, Inc. Defiance’s single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account. “Building off the success of MSTX, RIOX offers investors a unique opportunity to amplify their exposure to the rapidly evolving blockchain and cryptocurrency mining sector. Riot Platform ...

Riot Platforms, Inc. (RIOT) has seen its stock surge 45% in the past three months but decline 10% in the past month, indicating that the stock has entered a correction phase.This decline aligns with the performance of other cryptocurrency-centric stocks like Cipher Mining (CIFR) , which has declined 19% and Marathon Digital (MARA) , which has dropped 27% over the same period.Image Source: Zacks Investment ResearchGiven the recent weakness in RIOT shares, investors may be tempted to buy the stock. But is thi ...

Riot Platforms is engaged in both the mining of bitcoin, as well as owning and operating its own mining facilities. Vertical integration enables Riot to directly control its operations and manage input costs such as power and overhead fees, as opposed to renting out space from third-party data center operators. Riot has two business segments: Bitcoin Mining and Engineering (designing and manufacturing power distribution equipment and custom-engineered electrical products). The company is one of the largest ...

CASTLE ROCK, Colo., Dec. 16, 2024 /PRNewswire/ -- Riot Platforms, Inc. (Nasdaq: RIOT) ("Riot" or the "Company") today announced that it completed its previously announced offering of its 0.75% convertible senior notes due 2030 (the "2030 Notes"). The aggregate principal amount of the 2030 Notes sold in the offering was $594.4 million, which included $69.4 million aggregate principal amount of the 2030 Notes relating to the partial exercise of the initial purchasers' option. The 2030 Notes were sold in a pri ...