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Riot Platforms, Inc. (RIOT) Surpasses Q4 Earnings Estimates
Zacks Investment Research· 2024-02-23 02:21
Riot Platforms, Inc. (RIOT) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of a loss of $0.29 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 265.52%. A quarter ago, it was expected that this company would post a loss of $0.29 per share when it actually produced a loss of $0.25, delivering a surprise of 13.79%.Over the last four quarters, the ...
Riot Platforms Reports Full Year 2023 Financial Results, Current Operational and Financial Highlights
Newsfilter· 2024-02-22 21:45
CASTLE ROCK, Colo., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, reports financial results for the full year ended December 31, 2023. The audited financial statements are available on Riot's website and here. "I am pleased to announce results for Riot for 2023, which proved to be another milestone year in Riot's ongoing development as a leading vertically integrated Bitcoin miner," said Jas ...
Riot Platforms(RIOT) - 2023 Q4 - Annual Results
2024-02-22 16:00
Exhibit 99.1 RIOT REPORTS FULL YEAR 2023 FINANCIAL RESULTS, CURRENT OPERATIONAL AND FINANCIAL HIGHLIGHTS Riot Reports Record Results, with $280.7 Million in Total Revenue, 6,626 Bitcoin Produced, and Record Hash Rate Capacity of 12.4 EH/s CASTLE ROCK, Colo., February 22, 2024, (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, reports financial results for the full year ended December 31, 2023. The audited fi ...
Riot Platforms(RIOT) - 2023 Q4 - Annual Report
2024-02-22 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to: Commission file number: 001-33675 Securities registered pursuant to Section 12(g) of the Securities Exchange Act: None. Indicate by check mark if the registr ...
Riot Announces January 2024 Production and Operations Updates
Newsfilter· 2024-02-05 14:00
CASTLE ROCK, Colo., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for January 2024. Bitcoin Production and Operations Updates for January 2024                Comparison (%) Metric January 2024December 2023January 2023 Month/MonthYear/Year Bitcoin Produced 520619740 -16%-30% Average Bitcoin Produced per Day16.820.023.9 -16%-30% Bitcoin Hel ...
Is a Giant Short Squeeze Brewing in Riot Platforms (RIOT) Stock?
InvestorPlace· 2024-01-26 15:32
Riot Platforms (NASDAQ:RIOT) and a handful of other crypto-related stocks are up and trending on social media and in financial news today. The catalyst for the move from RIOT stock is a slowing of outflows from a key Bitcoin (BTC-USD) exchange-traded fund (ETF). In turn, that development is helping push BTC’s price above the $41,000 mark this morning.That’s not all, though. RIOT stock may undergo a short-covering rally because a high percentage of its shares are being sold short.A Slowing of Outflows Propel ...
Why Riot Platforms Stock Was Up a Spectacular 356% Last Year
The Motley Fool· 2024-01-10 22:38
Shares of cryptocurrency mining company Riot Platforms (RIOT -1.21%) were up 356.3% in 2023, according to data provided by S&P Global Market Intelligence. The company mines and holds Bitcoin (BTC 0.54%), which for its part was up more than 150% during the year, providing a substantial tailwind to Riot stock.The S&P 500 was up about 24% in 2023. So Riot benefited from both favorable stock market conditions and a bullish cryptocurrency market. However, as the chart shows, the movements of Riot stock deviated ...
Why Riot Platforms Stock Gained 23% Last Month
The Motley Fool· 2024-01-08 21:28
Shares of Riot Platforms (RIOT 7.96%) rose by 23.3% in December 2023, according to data from S&P Global Market Intelligence. The crypto-mining specialist rode higher as Bitcoin (BTC 6.16%) continued to rise, adding 12.7% to the largest cryptocurrency's value last month. Moreover, Riot produced 552 Bitcoin tokens in November, showing a robust increase year over year and an even sharper uptick from slower operations in the late summer months.Key drivers behind Bitcoin's recent market gains (aka Riot's rocket ...
Riot Platforms Is Making Big Moves, but Is It Still a Buy in 2024?
The Motley Fool· 2024-01-07 10:30
In 2023, soaring Bitcoin (BTC -0.81%) prices made investing in Bitcoin mining stocks a no-brainer. Bitcoin mining stock Riot Platforms (RIOT -6.49%), for example, is now up more than 300% during the past 12 months, making it one of the best-performing growth stocks of the past year.But it could be a different story in 2024, due to important changes coming to Bitcoin within the next few months. Here's a closer look at the key factors that could affect the price of Riot Platforms in the year ahead.The cyclica ...
Riot Announces December 2023 Production and Operations Updates
Newsfilter· 2024-01-04 14:00
CASTLE ROCK, Colo., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ:RIOT) ("Riot" or "the Company"), an industry leader in Bitcoin ("BTC") mining and data center hosting, announces unaudited production and operations updates for December 2023. Bitcoin Production and Operations Updates for December 2023   Annual Monthly Monthly Comparison (%)Metric FY 2023 December 2023November 2023December 2022Month/MonthYear/YearBitcoin Produced 6,626 619552681 12%-9%Average Bitcoin Produced per Day 18.2 20. ...