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 ...

Core Viewpoint - Defiance ETFs has launched RIOX, the first 2X long ETF for Riot Platforms, Inc., aiming to provide 200% long daily targeted exposure to the company, allowing investors to gain leveraged exposure to the blockchain and cryptocurrency mining sector without needing a margin account [1][2]. Company Overview - Riot Platforms, Inc. is recognized as a leader in Bitcoin mining, strategically adding Bitcoin to its balance sheet, holding approximately 17,429 BTC valued at around $1.8 billion as of December 16, 2024 [2]. Industry Context - The launch of RIOX builds on the success of MSTX and offers investors a unique opportunity to amplify their exposure to the rapidly evolving blockchain and cryptocurrency mining sector [2]. Fund Characteristics - RIOX is designed for knowledgeable investors who actively monitor their portfolios, as it pursues a daily leveraged investment objective, making it riskier than non-leveraged alternatives [3][6]. - The fund aims to provide daily investment results that correspond to two times (200%) the share price performance of its underlying security [6]. Investment Strategy - The fund's investment adviser will not attempt to position the portfolio to limit gains or losses on a given trading day, which could lead to significant losses if the underlying security's price decreases substantially [7]. - RIOX is a non-diversified fund, which may lead to greater volatility and risk due to its concentrated investment in a single issuer [19]. Company Background - Defiance ETFs, founded in 2018, is at the forefront of ETF innovation, providing investors with amplified positions in high-growth companies without the need for a margin account [5]. Distribution Information - RIOX is distributed by Foreside Fund Services, LLC, with contact information provided for further inquiries [20].

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 ...

News of a prominent investor's entry into Riot Platforms (RIOT 4.76%) juiced the cryptocurrency miner and investor's stock on Thursday. Eager investors piled into its shares, sending their value almost 5% higher on the day. That made the stock something of an outlier, as its leap well into positive territory contrasted with the S&P 500 index's 0.5% decline that session.An activist apparently buys inThat morning, The Wall Street Journal reported that Starboard Value, a veteran corporate gadfly, had purchased ...

Riot Platforms, Inc. RIOT shares are little changed on Thursday. But that may not be the case for long.A moving average crossover strategy has just flashed a sell signal. This is why our team of technical analysts has made it our Stock of the Day.Moving average crossover strategies are very popular on Wall Street. They are easy to understand and test — and are completely objective.The red line on the chart is the 20-day simple moving average. It is the average closing price of the past 20 days.The blue line ...

Bitcoin Production and Operations Updates for November 2024  Comparison (%)   Metric November 2024 1 October 2024 1 November 2023 Month/Month Year/Year Bitcoin Produced 495 505 552 -2 % -10 % Average Bitcoin Produced per Day 16.5 16.3 18.4 1 % -10 % Bitcoin Held 2 11,425 10,928</ ...

Core Insights - Riot Platforms, Inc. produced 505 Bitcoin in October 2024, marking a 23% increase from September 2024 and a 10% increase year-over-year from October 2023 [2][3] - The company's deployed hash rate increased to 29.4 EH/s, reflecting ongoing growth and operational efficiency improvements [3] Production Metrics - Bitcoin produced in October 2024: 505 BTC, compared to 412 BTC in September 2024 and 458 BTC in October 2023, representing a 23% month-over-month increase and a 10% year-over-year increase [2] - Average Bitcoin produced per day in October 2024 was 16.8 BTC, up from 13.7 BTC in September 2024 and 14.8 BTC in October 2023 [2] - Total Bitcoin held by the company as of the end of October 2024 was 10,928 BTC, a 5% increase from September 2024 and a 49% increase from October 2023 [2] Hash Rate and Operational Efficiency - The total deployed hash rate reached 29.4 EH/s, an increase from 28.2 EH/s in September 2024 and significantly up from 11.7 EH/s in October 2023, indicating a 152% year-over-year growth [2] - The average operating hash rate for the total operations was 22.7 EH/s, a 16% increase from September 2024 and a 234% increase from October 2023 [2] Facility Developments - Riot is nearing completion of Phase 1 (400 MW) of the Corsicana Facility, which will ultimately have a total capacity of 1,000 MW [4] - Development of Phase 2 (600 MW) of the Corsicana Facility has commenced, with operations expected to begin in the second half of 2025 [4] Financial Metrics - The company did not sell any Bitcoin in October 2024, compared to 440 BTC sold in October 2023, which generated net proceeds of $12.5 million [2] - Total power credits for October 2024 were estimated at $1.0 million, a decrease of 56% from September 2024 and a 65% decrease year-over-year [2] Upcoming Events - Riot will participate in several investor events, including the Cantor Fitzgerald Crypto, Digital Assets & AI Conference on November 13-14, 2024, and the Roth Capital 13th Annual Technology Conference on November 20, 2024 [5]