Riot Platforms, Inc., together with its subsidiaries, a Bitcoin mining company in the United States. The company operates through two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining at Bitcoin mining facilities in Rockdale, Navarro County, Texas, and two Bitcoin mining sites in Paducah, Kentucky; and Rockdale and Corsicana Facility. 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, and data center, power generation, utility, water, industrial, and alternative energy markets. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was founded in 2000 and is based in Castle Rock, Colorado.
Market Dynamics | Learn about Riot's competitive advantages, including low power costs and substantial Bitcoin holdings, with analyst price targets ranging from $18 to $24 |
Financial Projections | Delve into Riot's financial outlook, with analysts forecasting revenue growth to $546 million by 2025 and a shift to positive adjusted EBITDA |
AI Pivot Potential | Discover how Riot's exploration of AI and high-performance computing opportunities could reshape its business model and stock valuation |
Bitcoin Mining Giant | Explore Riot Platforms' position as a leading North American Bitcoin miner, with a focus on operational efficiency and strategic expansion plans |
Metrics to compare | RIOT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRIOTPeersSector | |
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P/E Ratio | 24.4x | −2.3x | 11.5x | |
PEG Ratio | 0.11 | −0.01 | 0.01 | |
Price / Book | 0.8x | 1.0x | 2.4x | |
Price / LTM Sales | 7.1x | 4.1x | 2.1x | |
Upside (Analyst Target) | 117.4% | 181.7% | 28.4% | |
Fair Value Upside | Unlock | 7.4% | 6.1% | Unlock |