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Stock impact report

Is Riot Platforms a Millionaire Maker? [Yahoo! Finance]

Marathon Digital Holdings, Inc. (MARA) 
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.marathonpg.com
Company Research Source: Yahoo! Finance
Riot actually used to be Bioptix, a developer of veterinary products, before it abruptly abandoned that business model (and name) nearly seven years ago. On Oct. 4, 2017, Bioptix rebranded itself as Riot and declared it would become a Bitcoin miner . It subsequently ordered thousands of Bitcoin miners from Bitmain, invested in other crypto companies, and expanded its business with more acquisitions. Riot's stock closed at $8.18 per share on the day of its rebranding, and it eventually soared to its post-rebranding high of $77.90 during the meme stock rally on Feb. 17, 2021. But today, Riot's stock trades at about $9.50. A $10,000 investment in its stock would have briefly blossomed to $95,232 before withering to about $11,600 today. The same investment in Bitcoin would have grown to $149,000. Let's see why Riot underperformed Bitcoin by such a wide margin -- and whether it still has a shot at generating millionaire-making gains in the future. How fast is Riot growing? Riot's b Show less Read more
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