Is Riot Blockchain a No-Brainer Buy After the Bitcoin Halving? [Yahoo! Finance]
Riot Platforms, Inc. (RIOT)
Last riot platforms, inc. earnings: 8/8 04:30 pm
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Source: Yahoo! Finance
Are mining specialists like Riot Platforms (NASDAQ: RIOT) facing insurmountable economic challenges now, or are they poised to skyrocket on the back of a soaring Bitcoin price? Or does the truth lie somewhere in between? Let's take a closer look at Riot Platforms to see what's up. How Riot adapted to the 2020 halving This isn't Riot's first halving rodeo. The company used to pursue veterinary medicine patents, but acquired a small Bitcoin miner in 2017 and changed its focus to blockchain operations the next year. Two years later, on May 11, 2020, the third Bitcoin halving took place. It was a different time for Riot. Apart from the global impact of the then-current coronavirus pandemic, the company was building its Bitcoin mining infrastructure. Crypto mining generated $2.4 million of revenue in the first quarter of 2020, and $23.2 million a year later. Riot's property and equipment -- largely accounting for its crypto-mining hardware and facilities -- tripled in value over th
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News
- Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms BoardBusiness Wire
- Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd.Business Wire
- Riot Comments on Bitfarms’ Adoption of Shareholder-Unfriendly Poison PillBusiness Wire
- Kerrisdale Capital Hits Riot Platforms With Short Sell Report: Details [Yahoo! Finance]Yahoo! Finance
- Riot Announces May 2024 Production and Operations UpdatesGlobeNewswire
RIOT
Earnings
- 5/1/24 - Beat
RIOT
Sec Filings
- 6/24/24 - Form 8-K
- 6/18/24 - Form 8-K
- 6/13/24 - Form 8-K
- RIOT's page on the SEC website