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.
Mining Momentum | Riot Platforms emerges as a leading North American Bitcoin miner, showcasing strong financial performance and ambitious expansion plans in a volatile market |
Strategic Advantage | Delve into Riot's low-cost power strategy and vertically integrated business model, positioning the company for sustainable growth in the competitive mining landscape |
Expansion Trajectory | Explore Riot's aggressive hash rate targets and facility developments, including the Corsicana site's potential for AI and high-performance computing applications |
Market Outlook | Analyst price targets range from $18 to $24, reflecting optimism tempered by industry volatility and regulatory uncertainties in the evolving cryptocurrency secto |
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 | 355.9x | −2.0x | 11.5x | |
PEG Ratio | 3.44 | −0.02 | 0.01 | |
Price/Book | 1.6x | 1.8x | 2.4x | |
Price / LTM Sales | 14.1x | 3.4x | 2.1x | |
Upside (Analyst Target) | 27.9% | 82.2% | 25.8% | |
Fair Value Upside | Unlock | 6.6% | 4.6% | Unlock |