Riot Platforms, Inc. (RIOT)
Summary
Wall Street Analysts Think Riot Platforms, Inc. (RIOT) Is a Good Investment: Is It?
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?
Riot Platforms, Inc. (RIOT) Is Considered a Good Investment by Brokers: Is That True?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Riot Platforms: The $9.1 Billion Anthropic Deal Changes Everything
Riot Platforms is rated Buy with a 12-month price target of $32–$35, reflecting transformative AI data center contracts. The 20-year, $9.1 billion Anthropic lease and the AMD contract shift RIOT toward energy infrastructure, with 241 MW of contracted AI capacity and 84% gross margins. Sum-of-the-parts analysis suggests RIOT is materially undervalued, with the current market cap near the value of the Anthropic deal alone and significant upside potential.
Riot Platforms, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 2,097 | $27,825.82 | $42,317.46 | $14,491.64 | 52.08% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 60,676 | $1.66M | $1.25M | -$416,234.48 | -25.05% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 4,734 | $102,822.66 | $95,816.16 | -$7,006.5 | -6.81% |
| NA Nizar Araji National Bank Of Canada /FI/ | 917,868 | $21.92M | $18.83M | -$3.09M | -14.12% |
| BG Bart Gancher Intech Investment Management LLC | 84,079 | $759,175.43 | $1.72M | $965,284.86 | 127.15% |
Riot Platforms, Inc. (RIOT) FAQ
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Riot Platforms, Inc. Profile
| Capital Markets Industry | Financials Sector | Jason Les CEO | NASDAQ (CM) Exchange | 767292105 CUSIP |
| US Country | 816 Employees | 18 Oct 2017 Last Dividend | 31 Mar 2016 Last Split | 24 Jan 2003 IPO Date |
Overview
Riot Platforms, Inc., originally known as Riot Blockchain, Inc., has established itself as a significant player in the North American bitcoin mining industry. The company's operations are diversified across three main segments: Bitcoin Mining, Data Center Hosting, and Engineering, underlining its integrated approach to the digital currency market. Through its subsidiaries, Riot Platforms not only focuses on the mining of bitcoin but also emphasizes offering essential infrastructure and services for institutional-scale bitcoin mining entities. This aspect includes co-location services where such companies can deploy and operate their mining equipment in dedicated spaces. Established in 1998 and headquartered in Castle Rock, Colorado, Riot Platforms demonstrates a commitment to innovation and efficiency in the realm of digital currency and related technological advancements.
Products and Services
- Bitcoin Mining
- Data Center Hosting
- Engineering
Riot Platforms dedicates a significant portion of its operations to bitcoin mining, employing state-of-the-art technology and infrastructure to secure and extend the bitcoin blockchain. This involves solving complex computational problems to validate transactions and create new bitcoins, emphasizing the company’s role in sustaining the cryptocurrency ecosystem.
The company provides comprehensive co-location services tailored for institutional-scale bitcoin mining companies. Riot Platforms offers these clients critical infrastructure and workforce solutions, enabling the deployment and effective operation of their bitcoin miners. This service is aimed at ensuring optimal mining operations through stable and efficient data center facilities.
This segment covers a broad range of services including the design and manufacturing of power distribution equipment and custom-engineered electrical products. Focused on catering to a wide audience, Riot Platforms’ engineering capabilities address the needs of large-scale commercial and governmental customers. This includes services from the design and manufacture of electricity distribution products to their installation, with a special focus on data center, power generation, utility, water, industrial, and alternative energy markets.
