Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
- Analyst Ratings
Upturn AI SWOT - About
RIOT 
Riot Blockchain Inc (RIOT)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
04/04/2025: RIOT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Moderate Performance
These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.
Analysis of Past Performance
Type Stock | Historic Profit -28.91% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/04/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.49B USD | Price to earnings Ratio 20.91 | 1Y Target Price 16.43 |
Price to earnings Ratio 20.91 | 1Y Target Price 16.43 | ||
Volume (30-day avg) 25575793 | Beta 4.6 | 52 Weeks Range 6.36 - 15.87 | Updated Date 04/7/2025 |
52 Weeks Range 6.36 - 15.87 | Updated Date 04/7/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.34 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 29.05% | Operating Margin (TTM) 127.06% |
Management Effectiveness
Return on Assets (TTM) 1.93% | Return on Equity (TTM) 4.35% |
Valuation
Trailing PE 20.91 | Forward PE 20.88 | Enterprise Value 2699766769 | Price to Sales(TTM) 6.61 |
Enterprise Value 2699766769 | Price to Sales(TTM) 6.61 | ||
Enterprise Value to Revenue 7.17 | Enterprise Value to EBITDA 8.33 | Shares Outstanding 350208000 | Shares Floating 325864610 |
Shares Outstanding 350208000 | Shares Floating 325864610 | ||
Percent Insiders 6.93 | Percent Institutions 57.69 |
Analyst Ratings
Rating 4.5 | Target Price 17.7 | Buy 6 | Strong Buy 9 |
Buy 6 | Strong Buy 9 | ||
Hold 1 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Riot Blockchain Inc
Company Overview
History and Background
Riot Blockchain, Inc. was founded in 2000 as Bioptix, Inc., a biotechnology company. In 2017, it shifted its focus to Bitcoin mining and blockchain technology, renaming itself Riot Blockchain, Inc. and acquiring assets in the cryptocurrency space. This transition involved significant changes in leadership and business strategy.
Core Business Areas
- Bitcoin Mining: Riot Blockchain primarily engages in Bitcoin mining operations, utilizing specialized mining hardware to solve complex algorithms and earn Bitcoin rewards. It operates large-scale mining facilities with significant hash rate capacity. This is the revenue generating segment of the company.
- Data Center Hosting: Riot also provides hosting services for other Bitcoin mining companies, renting out space and power in its data centers.
Leadership and Structure
Benjamin Yi is the Chief Executive Officer. The company has a board of directors that oversees strategic direction. The organization includes departments for mining operations, engineering, finance, and investor relations.
Top Products and Market Share
Key Offerings
- Bitcoin Production: Riot's main offering is Bitcoin produced through its mining operations. Riot produced 3,335 Bitcoins in Q4 2023. Market share data is difficult to ascertain precisely, but Riot is considered a major player based on its hashing power and Bitcoin holdings. Competitors include Marathon Digital Holdings (MARA), CleanSpark (CLSK), and Hut 8 (HUT).
- Hosting Services: Riot provides colocation services and power infrastructure for other mining companies. Revenue generated varies but it is a smaller segment of the company's overall revenue. Competitors include other mining companies offering hosting services.
Market Dynamics
Industry Overview
The Bitcoin mining industry is characterized by intense competition, fluctuating Bitcoin prices, regulatory uncertainty, and high energy consumption. Increasing mining difficulty requires significant capital investment in advanced hardware. The upcoming Bitcoin halving event (expected in April 2024) will decrease block rewards for miners and affect revenue.
Positioning
Riot is positioned as one of the larger publicly traded Bitcoin mining companies in North America, with significant hash rate capacity and infrastructure. Its competitive advantages include its scale of operations and access to capital.
Total Addressable Market (TAM)
The total addressable market is based on the market capitalization of Bitcoin and the total revenue generated from Bitcoin mining. The TAM is potentially in the hundreds of billions of dollars. Riot's position is dependent on the number of coins mined, its ability to lower its costs and operational efficencies to stay competitive.
Upturn SWOT Analysis
Strengths
- Large-scale mining operations
- Significant hash rate capacity
- Strategic investments in infrastructure
- Strong balance sheet relative to peers
Weaknesses
- Dependence on Bitcoin price volatility
- High energy consumption
- Regulatory risks
- Competition from other large mining operations
Opportunities
- Expansion of mining capacity
- Diversification into related blockchain technologies
- Strategic partnerships with energy providers
- Increased institutional adoption of Bitcoin
Threats
- Decreasing block rewards (Bitcoin halving)
- Increased mining difficulty
- Regulatory restrictions on Bitcoin mining
- Fluctuations in energy prices
- Technological obsolescence of mining hardware
Competitors and Market Share
Key Competitors
- MARA
- CLSK
- HUT
Competitive Landscape
Riot competes with other publicly traded and private Bitcoin mining companies based on hash rate capacity, cost of production, and access to capital. Riotu2019s scale and strategic investments provide some advantages, but competition remains intense.
Major Acquisitions
ESS Metron
- Year: 2021
- Acquisition Price (USD millions): 13.8
- Strategic Rationale: Acquisition of engineering and power solutions company to support infrastructure development.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by increasing Bitcoin production and expanding mining capacity.
Future Projections: Future growth depends on Bitcoin price appreciation, mining efficiency improvements, and expansion strategies. Analyst estimates vary widely.
Recent Initiatives: Recent initiatives include expanding mining facilities, upgrading mining hardware, and pursuing strategic partnerships.
Summary
Riot Blockchain's fortunes are strongly tied to Bitcoin's price. The company has a strong mining infrastructure and a focus on expanding its capacity. Challenges include dependence on volatile Bitcoin prices and managing operational costs. Upcoming Bitcoin halvings pose a revenue risk. Overall, Riot is a speculative investment highly sensitive to cryptocurrency market dynamics.
Similar Companies
BITF
Bitfarms Ltd
BITF
Bitfarms Ltd
CLSK
CleanSpark Inc
CLSK
CleanSpark Inc
HUT
Hut 8 Corp. Common Stock
HUT
Hut 8 Corp. Common Stock
MARA
Marathon Digital Holdings Inc
MARA
Marathon Digital Holdings Inc
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Financial News Outlets
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Cryptocurrency investments are highly speculative and involve substantial risk.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Riot Blockchain Inc
Exchange NASDAQ | Headquaters Castle Rock, CO, United States | ||
IPO Launch date 2003-01-24 | CEO & Executive Director Mr. Jason Les | ||
Sector Financial Services | Industry Capital Markets | Full time employees 783 | Website https://www.riotplatforms.com |
Full time employees 783 | Website https://www.riotplatforms.com | ||
Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky. The company also designs and manufactures power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale commercial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.