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.
Bitcoin Mining Giant | Explore Riot Platforms' position as a leading North American Bitcoin miner, with a $4.3 billion market cap and ambitious plans to expand its hash rate capacity |
Financial Performance | Delve into Riot's robust revenue growth and profitability metrics, outperforming analyst expectations despite market volatility |
Strategic Advantages | Learn about Riot's low-cost power strategy and vertically integrated business model, providing a competitive edge in the Bitcoin mining industry |
Future Prospects | Analyst price targets range from $18 to $24, reflecting optimism about Riot's growth potential and its exploration of AI and high-performance computing options |
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 | 311.8x | −3.1x | 11.7x | |
PEG Ratio | 3.02 | −0.02 | 0.01 | |
Price/Book | 1.4x | 1.5x | 2.4x | |
Price / LTM Sales | 12.4x | 4.7x | 2.2x | |
Upside (Analyst Target) | 46.0% | 96.5% | 22.1% | |
Fair Value Upside | Unlock | −1.4% | 2.8% | Unlock |