Riot Platforms Posts Record Q4: Analyst Concerned About Operating Costs, Lack Of Details

Shares of Riot Platforms Inc RIOT tanked in early trading on Tuesday, despite the company reporting a revenue beat for fiscal 2024.Although the company reported record revenues and profits as well as improving mining efficiency for the fourth quarter, its operating costs came in higher than its guidance, according to JPMorgan.The Riot Platforms Analyst: Analyst Reginald Smith maintained an Overweight rating on the stock.The Riot Platforms Thesis: Management highlighted the HPC (high-performance computing) o ...