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Riot Platforms (RIOT)

NASDAQ
Symbol
Exchange
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RIOTNASDAQUSD
AP4NTradeGateEUR
AP4NFrankfurtEUR
Currency in USD
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12.11
+0.23(+1.94%)
Closed
After Hours
12.42+0.31(+2.56%)

RIOT Comments

Seeking alpha says their total upgrade of miners this year would put them at 4.0 Eh/S.  That would mean there is an absolute limit of definitely no more than 8558.4344580 btc they could mine, if there were no mining difficulty production fades (which there are), and if they mined it all at once, up front (which they don't)... (and because of how mining economics work, most likely substantially less than that)... but... IF they mined that much, it would be valued at $496,971,172.11.... half a billion... -before- energy costs.  Now, their market  cap is presently just under $4 billion.  So, based on what thier costs are, and how the economics of mining go, for them, this price is actually definitely in the "reasonable" zone... in fact, it's still trading (arguably) at a discount.  maybe.  Depending on the economics of their mining... i.e. their electric costs... the mining difficulty changes... etc.
Sorry, that miner wattage is based on a s19 miner costing that, not s9.
Just realized I was unclear about something:  All of these calculations are an attempt to get an -annual- revenue, and to estimate some of the costs that work against the bottom line, too.
Also bears to mention that miners, themselves, cost real money.  They've gotten very expensive, lately... and you could say "that means their miners alone are worth more"... you could also look at it and say "the overhead of buying new miners has gone up"... or the risk of being in the game is higher, when miners are higher... that's all a huge can of worms, which I don't address, at ALL... so take these estimates with a grain of salt.
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