Riot Produces 470 Bitcoin in February 2025 CASTLE ROCK, Colo. , March 4, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin ("BTC") mining, announces unaudited production and operations updates for February 2025.
Riot Platforms' revenue rose to $376M, driven by Bitcoin's price surge, but Bitcoin production fell, and mining costs surged, impacting profitability. Riot's core operating income remains negative, and high SG&A costs and rising mining expenses raise questions about its long-term sustainability without an appreciation in the Bitcoin price. The company's heavy reliance on stock-based compensation and equity dilution raises concerns about shareholder value. Given its subjectively poor performance, it is unclear why stock compensation is so high.
Riot Platforms, Inc. (RIOT) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of a loss of $0.27 per share. This compares to earnings of $0.48 per share a year ago.
Riot Reports $376.7 million in Total Revenue and Deployed Hash Rate of 31.5 EH/s CASTLE ROCK, Colo. , Feb. 24, 2025 /PRNewswire/ -- Riot Platforms, Inc. (NASDAQ: RIOT) ("Riot" or "the Company"), an industry leader in vertically integrated Bitcoin mining, reported financial results for the full year ended December 31, 2024.
RIOT's fourth-quarter 2024 revenues are likely to increase year over year.
Riot Platforms, Inc. (RIOT) possesses 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) reachead $12.27 at the closing of the latest trading day, reflecting a +0.33% change compared to its last close.
Riot Platforms, Inc. (RIOT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Bitcoin miner Riot Platforms said on Wednesday it has appointed three new directors to its board after inputs from investors Starboard Value and D. E. Shaw.
CASTLE ROCK, Colo.--(BUSINESS WIRE)--Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin mining, today announced the appointment of Jaime Leverton, Doug Mouton and Michael Turner to its Board of Directors (the “Board”). The three new directors were selected through a comprehensive process conducted by the Board's Governance and Nominating Committee, with constructive, independent input from each of Starboard Value LP and The D. E. S.