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William Richard Jackman, executive vice president and general counsel at Riot Platforms, Inc. (NASDAQ:RIOT), sold 248,168 shares of common stock on September 10, 2025. The shares were sold at an average price of $15.78, for a total transaction value of $3,916,091. Since then, RIOT shares have climbed to $21, near their 52-week high of $23.93, delivering a remarkable 198% return over the past six months. InvestingPro analysis shows strong momentum across multiple timeframes.
The prices for the sales ranged from $15.69 to $15.885. Following the transaction, Jackman directly owns 2,261,157 shares of Riot Platforms.
This Form 4/A filing also included an exhibit for Power of Attorney.
In other recent news, Riot Platforms reported the mining of 445 bitcoin in September, a 7% decrease from August but an 8% increase compared to September of the previous year. The company sold 465 bitcoin during the same month, generating net proceeds of $52.6 million at an average price of $113,043 per bitcoin. This sale represents 104% of its mining production for September. As of the end of the month, Riot Platforms held 19,287 bitcoin, including 3,300 in restricted bitcoin, marking an 85% increase from its holdings in September 2024.
In terms of analyst activity, Cantor Fitzgerald raised its price target for Riot Platforms to $26 from $22, maintaining an Overweight rating, citing the company’s bitcoin sales. Similarly, JPMorgan upgraded Riot Platforms from Neutral to Overweight, increasing its price target to $19 from $15. JPMorgan highlighted Riot’s installed scale and potential for hashrate expansion as reasons for the upgrade. These developments reflect the company’s ongoing operations and analyst expectations in the cryptocurrency mining sector.
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