CASTLE ROCK, Colo., April 23, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility (the "Credit Facility") with Coinbase Credit, Inc. ("Coinbase"), a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). Under the terms of the Credit Facility, Coinbase will provide a multiple drawdown term loan facility in an aggregate principal amount up to ...

金十数据4月22日讯，Coinbase Global上涨3.8%，Bitfarms上涨5.2%。Riot Platforms上涨7.2%，Hut 8上 涨6.9%，Mara Holdings上涨7.3%。ProShares比特币策略ETF上涨2.7%，Ishares比特币信托上涨2.8%。 比特币触及七周高点，加密货币相关股上涨 ...

CASTLE ROCK, Colo., April 17, 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 first quarter 2025 earnings conference call for Thursday, May 1, 2025, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended March 31, 2025.This conference call will be available through the audio-only webcast, please use this link here to register. Parti ...

| | | | | | Comparison (%) | | | | --- | --- | --- | --- | --- | --- | --- | --- | | Metric | | March 2025 1February 2025 1March 2024 | | | Month/Month | | Year/Year | | Bitcoin Produced | 533 | 470 | 425 | 13 % | | 25 | % | | Average Bitcoin Produced per Day | 17.2 | 16.8 | 13.7 | 2 % | | 25 | % | | Bitcoin Held 2 | 19,223 | 18,692 | 8,490 | 3 % | | 126 | % | | Bitcoin Sold | - | - | - | N/A | | N/A | | | Bitcoin Sales - Net Proceeds | - | - | - | N/A | | N/A | | | Average Net Price per Bitcoin Sold | N/A ...

Riot Platforms Inc. RIOT just flashed a major warning signal, officially forming a Death Cross as its 50-day simple moving average sank below the 200-day moving average. While shares jumped 3.93% by early afternoon on Monday, the broader trend remains bearish – down 29.3% year to date and a 35.5% in the past year. Chart created using Benzinga Pro Read Also: Bitcoin Miners Core Scientific, Riot Platforms, CleanSpark, Iris Energy See Price Targets Slashed: Bernstein A Bearish Storm Brewing Technicals paint a ...

The most recent trading session ended with Riot Platforms, Inc. (RIOT) standing at $7.77, reflecting a -1.65% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq depreciated by 0.53%.The company's shares have seen a decrease of 11.63% over the last month, not keeping up with the Business Services sector's loss of 2.97% and the S&P 500's loss of 4.03%.The upc ...

Non-Binding Term Sheet Outlines Proposed Acquisition of Rhodium Assets at the Rockdale Facility and Mutual Release of All ClaimsCASTLE ROCK, Colo., March 21, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, announced entry into a non-binding term sheet outlining terms of a potential acquisition (the "Term Sheet") by Whinstone US, Inc., or an affiliate ("Whinstone"), a wholly-owned subsidiary of Riot, of specific a ...

Comparison (%) Metric February 2025 1 January 2024 1 February 2024 Month/Month Year/Year Bitcoin Produced 470 527 418 -11 % 12 % Average Bitcoin Produced per Day 16.8 17.0 14.4 -1 % 16 % Bitcoin Held 2 18,692 18,221 8,067 3 % 132 % </tr ...

Bitcoin Mining Performance - As of December 31, 2024, the total deployed hash rate for the Bitcoin Mining segment increased to 31.5 EH/s, up from 12.4 EH/s as of December 31, 2023, representing a growth of approximately 154.0%[25]. - The company mined 4,828 Bitcoin in 2024, a decrease of 27.1% compared to 6,626 Bitcoin mined in 2023, attributed to increased network difficulty and the halving event[25][47]. - The company anticipates a total hash rate of approximately 38.4 EH/s by the end of 2025, based on existing operations and expected miner deliveries[25]. - The Bitcoin reward for solving a block was halved from 6.25 to 3.125 Bitcoin in April 2024, impacting the supply dynamics in the market[46]. - Bitcoin Mining production decreased from 6,626 Bitcoin in 2023 to 4,828 Bitcoin in 2024, representing a decrease of approximately 27.1%[92]. - Bitcoin Mining revenue for the years ended December 31, 2024, and 2023 was $321.0 million and $189.0 million, respectively, indicating a significant increase in revenue[403]. - Bitcoin Mining revenue increased to $321,002,000 in 2024, up 69.8% from $188,996,000 in 2023[417]. Strategic Developments - A long-term agreement with MicroBT was established to secure immersion miners, with a total purchase price of approximately $550.1 million for miners with a hash rate of 31.4 EH/s[30]. - The company acquired E4A Solutions in December 2024, enhancing its engineering capabilities and supporting its vertically integrated strategy[39]. - The Corsicana Facility is being developed to expand Bitcoin mining capabilities, with an expected capacity of 1 GW upon completion[62]. - Phase I of the Corsicana Facility includes 400 MW of immersion-cooled Bitcoin mining infrastructure, completed by December 31, 2024[63]. - The company is continuously exploring strategic growth opportunities to capitalize on market conditions and enhance its competitive position in the Bitcoin mining industry[51]. Financial Performance - Riot Platforms, Inc. reported total revenue of $376,658,000 for the year ended December 31, 2024, representing a 34.1% increase from $280,678,000 in 2023[417]. - The company achieved an operating income of $153,590,000 in 2024, compared to an operating loss of $63,047,000 in 2023[417]. - Net income for 2024 was $109,401,000, a significant improvement from a net loss of $49,472,000 in 2023[419]. - Cash and cash equivalents decreased to $277,860,000 as of December 31, 2024, down from $597,169,000 in 2023[415]. - Total assets increased to $3,935,307,000 in 2024, compared to $2,051,080,000 in 2023, reflecting a growth of 91.5%[415]. - The company's total liabilities rose to $791,622,000 in 2024, up from $163,058,000 in 2023[415]. - The company’s total stockholders' equity increased to $3,143,685,000 in 2024, up from $1,888,022,000 in 2023[415]. Market and Regulatory Environment - The price of Bitcoin saw significant increases in 2024, driven by the approval of Bitcoin spot ETFs, with one ETF surpassing $10 billion in assets under management shortly after launch[42]. - The SEC approved a series of spot Bitcoin exchange-traded funds in January 2024, leading to billions of dollars in inflows[76]. - The company is monitoring potential regulatory developments affecting Bitcoin mining and related energy consumption in Texas and Kentucky[72]. - The company has diversified banking relationships to mitigate potential regulatory risks associated with financial services in the digital asset industry[74]. Operational Efficiency - The company is focused on vertical integration to enhance operational control and reduce costs, which is critical in a competitive mining environment[49][50]. - Immersion cooling technology is being evaluated to improve mining efficiency and increase hash rate without solely relying on new miner purchases[33][36]. - Global supply chain logistics have caused delays, but the company has effectively mitigated impacts on miner deployment schedules[66]. - The company voluntarily curtailed energy consumption during extreme weather events to stabilize the electrical grid, benefiting from the difference in power costs[83]. Employee and Talent Management - As of December 31, 2024, the total workforce consisted of approximately 783 employees, with 629 in engineering, construction, manufacturing, and Bitcoin Mining operations[84]. - The company implemented a long-term performance incentive program for employees, aligning their interests with long-term organizational objectives[85]. - The company aims to maintain competitive compensation and benefits, including medical, dental, and vision insurance, as well as paid leave[91]. - The company actively seeks to attract top talent from diverse backgrounds to foster career growth and retention[88]. - The company recognizes the importance of leadership development and offers training to encourage employee ownership of their impact on success[87]. Asset Management - The company’s Bitcoin is held in cold storage by NYDIG and Coinbase, with no exposure to bankrupt digital asset exchanges[55]. - The balance of Bitcoin as of December 31, 2024, was 17,722 Bitcoin, valued at $1,654,468[92]. - During 2024, the Company made a strategic decision to halt the sale of its Bitcoin production and increase its Bitcoin holdings, classifying Bitcoin as a non-current asset on its Consolidated Balance Sheet[444]. Risk Management - The company’s market risk exposure includes the volatility of Bitcoin prices, which could materially affect revenue and net income[390]. - A 10% increase in the price of Bitcoin could result in an increase in net income of $108.9 million for the year ended December 31, 2024, compared to $48.9 million for 2023[391]. - The company’s sensitivity to power price changes indicates a potential increase in net income of $44.4 million with a 10% increase in future power prices for the year ended December 31, 2024[392]. Accounting and Reporting - The company’s internal control over financial reporting was found to be effective as of December 31, 2024, according to the independent auditor's report[398]. - The company’s financial statements for 2024 and 2023 were audited and presented fairly in all material respects[396]. - The company recognizes acquisition-related expenses separately from the business combination and expenses them as incurred[477]. - The company measures its equity method marketable equity securities at fair value at each balance sheet date, with unrealized holding gains and losses recorded in other income (expense)[480].

Group 1: Company Performance - Riot Platforms, Inc. (RIOT) has experienced a 19% decline over the past six months, contrasting with the industry's 47% growth [1] - The company's Bitcoin production has only increased by 1% year over year as of January 2025, indicating operational inefficiencies [7] - Recent earnings estimates for 2025 have been revised downward, with the Zacks Consensus Estimate moving from a loss of 49 cents to a loss of 64 cents, reflecting analysts' lack of confidence in the company's financial performance [9][10] Group 2: Market Environment - Bitcoin's value has surpassed $100,000, driven by expectations of favorable cryptocurrency policies under the incoming Trump administration, which could benefit Riot Platforms through increased revenues [4] - The post-election period has seen a rise in institutional investments in cryptocurrencies, enhancing market legitimacy and stability, indirectly benefiting mining companies like Riot [6] - The Bitcoin halving event has doubled mining difficulty without a corresponding price surge, posing challenges for RIOT's profitability [7] Group 3: Investment Outlook - Current market conditions suggest that RIOT may not present an ideal entry opportunity for investors, given the operational and financial difficulties faced by the company [11] - A cautious approach is recommended, with a strategy to wait for a more advantageous entry point before purchasing RIOT shares [12] - RIOT currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook [12]