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.
Mining Momentum | Riot Platforms achieves impressive revenue growth and increased Bitcoin production, showcasing its position as a leading North American cryptocurrency mine |
Strategic Shift | Explore Riot's pivot into AI and High-Performance Computing, potentially unlocking substantial value and diversifying its business model |
Market Dynamics | Delve into the challenges and opportunities presented by Bitcoin price volatility and the upcoming halving event, shaping Riot's operational strategy |
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $18 to $24, reflecting optimism about Riot's growth potential and market position |
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 | 24.9x | −3.0x | 11.0x | |
PEG Ratio | 0.11 | −0.01 | 0.01 | |
Price/Book | 0.9x | 0.7x | 2.4x | |
Price / LTM Sales | 7.2x | 2.8x | 1.9x | |
Upside (Analyst Target) | 105.7% | 211.7% | 37.2% | |
Fair Value Upside | Unlock | 1.2% | 8.8% | Unlock |