Bitcoin Mining Giant | Explore Riot Platforms' rise as a major player in Bitcoin mining, with a deployed hash rate of 22 EH/s and ambitious growth targets for the future |
Financial Resilience | Delve into RIOT's strong liquidity position, with $482 million in cash and 9,334 Bitcoin, positioning the company for potential industry consolidation |
Operational Efficiency | Learn about RIOT's competitive edge in low-cost Bitcoin mining, with a cost of $25,237 per Bitcoin in Q2 2024, including power credits received |
Market Outlook | Analyst price targets for RIOT range from $18 to $25.50, reflecting varied perspectives on the company's growth potential in a volatile market |
Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity. In addition, the company engages in the design and manufacturing of power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacture, and installation services primarily focused on large-scale commercial, and governmental customers, as well as a range of markets, including data center, power generation, utility, water, industrial, and alternative energy. The company was formerly known as Riot Blockchain, Inc. Riot Platforms, Inc. was incorporated in 1998 and is based in Castle Rock, Colorado.
Metrics to compare | RIOT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRIOTPeersSector | |
---|---|---|---|---|
P/E Ratio | 29.4x | −1.4x | 11.4x | |
PEG Ratio | 0.21 | −0.02 | 0.01 | |
Price/Book | 1.0x | 1.5x | 2.4x | |
Price / LTM Sales | 9.1x | 3.0x | 2.1x | |
Upside (Analyst Target) | 126.1% | 80.9% | 22.9% | |
Fair Value Upside | Unlock | 8.1% | 5.7% | Unlock |