Starboard Value has reportedly taken a stake in Riot Platforms (RIOT) with plans to pivot the crypto-mining company deeper into the A.I. space. It wants Riot to convert some crypto-mining facilities into spaces for hyperscalers.
The price of Riot Platforms (RIOT -13.44%) stock cooled on the first trading day of the week, on the back of a sliding Bitcoin (BTC -2.84%) price and news of a fresh round of capital-raising by the cryptocurrency miner. Riot closed the day 14% lower in price, comparing unfavorably to the relatively mild (0.6%) decline of the benchmark S&P 500 (^GSPC -0.61%).
Riot Platforms, Inc. RIOT shares are little changed on Thursday. But that may not be the case for long.
President Trump's election victory is leading to a buying frenzy in the cryptocurrency markets.
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?
Although the revenue and EPS for Riot Platforms, Inc. (RIOT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Riot Platforms, Inc. (RIOT) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of a loss of $0.22 per share. This compares to loss of $0.25 per share a year ago.
Riot Platforms, Inc. (NASDAQ:RIOT ) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Phil McPherson - Vice President, Capital Markets & Investor Relations Jason Les - Chief Executive Officer Colin Yee - Executive Vice President & Chief Financial Officer Jason Chung - Executive Vice President, Corporate Development & Strategy Conference Call Participants Mike Colonnese - H.C. Wainwright Darren Aftahi - ROTH MKM Paul Golding - Macquarie Capital Joe Flynn - Compass Point Research & Trading Bill Papanastasiou - Stifel Owen Rickert - Northland Securities Greg Lewis - BTIG Brett Knoblauch - Cantor Fitzgerald Lucas Pipes - B.
The acquisition of Block Mining is expected to have driven RIOT's revenues in the third quarter of 2024.
Riot Platforms, Inc. (RIOT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Riot Platforms, Inc. (RIOT) closed the most recent trading day at $9.73, moving -1.37% from the previous trading session.
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?