Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Ryan D. Werner, SVP, CAO of Riot Platforms, Inc. (NASDAQ:RIOT), sold 3,747 shares of common stock on July 7, 2025, at a price of $11.88, totaling approximately $44,514. The stock, which has shown strong returns with a 34% gain over the past year, currently trades at $12.24. According to InvestingPro data, analysts maintain a bullish stance with price targets ranging from $11 to $25.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a Rule 10b5-1 trading plan adopted on December 13, 2024. Following the sale, Werner directly owns 837,759 shares of Riot Platforms. The company, valued at $4.38 billion, currently maintains a FAIR financial health score according to InvestingPro, which offers comprehensive insider trading analysis and 13 additional ProTips for deeper insight into RIOT’s performance.
In other recent news, Riot Platforms reported a production of 450 bitcoin in June 2025, representing a 12% decrease from the previous month but a significant 76% increase compared to the same month in the previous year. The company generated $41.7 million from selling 397 bitcoin during this period. Riot Platforms maintained its deployed hash rate at 35.5 EH/s, with a slight decrease in the average operating hash rate to 29.8 EH/s. Additionally, the company earned $5.6 million in power credits, which helped offset its power costs. In a strategic move, Riot appointed Jonathan Gibbs as Chief Data Center Officer to lead the development of a new data center platform aimed at hyperscale and enterprise tenants. Analyst firm Needham raised its price target for Riot Platforms to $15, citing the attractiveness of the Corsicana site, while Northland reiterated its Outperform rating with the same price target. The successful IPO of Circle Internet Group also positively impacted Riot Platforms, contributing to a rise in its stock alongside other cryptocurrency-related companies.
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