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Riot Platforms Inc - RIOT STOCK NEWS

Welcome to our dedicated news page for Riot Platforms (Ticker: RIOT), a resource for investors and traders seeking the latest updates and insights on Riot Platforms.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Riot Platforms's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Riot Platforms's position in the market.

News
Riot Announces First Quarter 2024 Earnings Conference Call
Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) has scheduled its first quarter 2024 earnings conference call for May 1, 2024, at 8:30 A.M. EST to discuss the results for the quarter ended March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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News
Riot Energizes New Corsicana Facility in Navarro County, Texas
Rhea-AI Summary
Riot Platforms, Inc. announces the successful energization of its new Corsicana Facility in Navarro County, Texas, marking a significant milestone in their goal to become the world's largest Bitcoin mining facility. With a 400-megawatt substation now operational, Riot is on track to increase their self-mining hash rate capacity to 31 EH/s by the end of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.02%
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none
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News
Riot Announces March 2024 Production and Operations Updates
Rhea-AI Summary
Riot Platforms, Inc. announces production and operations updates for March 2024, showcasing the production of 425 Bitcoins, infrastructure developments at the Corsicana Facility, and anticipated hash rate growth. The company ended March with $685 million in cash and 8,490 unencumbered Bitcoins on the balance sheet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.97%
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none
News
Reformed Energy, a Waste-to-Energy Company, Secures Strategic Investment from Riot Platforms
Rhea-AI Summary
Reformed Energy Inc. secures a strategic investment from Riot Platforms, Inc. to develop a pilot site and advance plasma gasification technology for waste management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
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Riot Announces February 2024 Production and Operations Updates
Rhea-AI Summary
Riot Platforms, Inc. announces the production of 418 Bitcoins in February 2024, along with infrastructure updates. The company also reveals the comparison of Bitcoin production and operations metrics for February 2024, highlighting a decrease in production and hash rate. Riot plans to increase mining efficiency by installing new miners at the Rockdale Facility and developing the Corsicana Facility for expanded mining capacity. The company aims to achieve a total self-mining hash rate capacity of 31 EH/s by the end of 2024, with ongoing recruitment efforts for human resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.12%
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News
Riot Purchases 31,500 Miners From MicroBT to Enhance and Expand Self-Mining Operations at Its Rockdale Facility
Rhea-AI Summary
Riot Platforms, Inc. strengthens its self-mining operations by purchasing 31,500 next-generation M60S miners from MicroBT for $97.4 million. This strategic investment aims to boost mining efficiency, replace underperforming machines, and increase hash rate capacity at the Rockdale Facility. The new miners will contribute to a total hash rate capacity of 15.1 EH/s by July 2024, aligning with Riot's 2024 year-end target of 31 EH/s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.28%
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none
News
Riot Platforms Reports Full Year 2023 Financial Results, Current Operational and Financial Highlights
Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) reports record results for the full year ended December 31, 2023, with $280.7 million in total revenue, 6,626 Bitcoin produced, and a record hash rate capacity of 12.4 EH/s. The company achieved significant milestones in 2023, including completing the Rockdale Facility expansion, forming a partnership with MicroBT for efficient mining, and progressing on the Corsicana Facility development. Riot also maintained a strong balance sheet with $597 million in cash and 7,362 Bitcoin. The company aims to reach 28 EH/s in total hash rate capacity by the end of 2024 and 38 EH/s by the end of 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.59%
Tags
earnings
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Riot Announces January 2024 Production and Operations Updates
Rhea-AI Summary
Riot Platforms, Inc. announces unaudited Bitcoin production and operations updates for January 2024. The company produced 520 Bitcoin, with a 16% decrease from December 2023. The average net price per Bitcoin sold increased by 5% compared to December 2023. Riot is developing a new large-scale facility, the Corsicana Facility, to add an additional 400 MW of capacity. The company anticipates achieving a total self-mining hash rate capacity of 29 EH/s by the end of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.76%
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none
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News
Riot Announces December 2023 Production and Operations Updates
Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) produced 619 Bitcoin in December 2023, bringing the total Bitcoin produced in 2023 to 6,626. The company expanded its use of Riot's unique power strategy, resulting in a 12% increase in Bitcoin production compared to the previous month. Riot also achieved a 29% increase in net proceeds from Bitcoin sales and a 18% increase in the average net price per Bitcoin sold. The company's deployed hash rate and miners saw a decrease, but Riot is strategically positioned to increase its self-mining hash rate to 28 EH/s by the end of 2024. Riot ended the year with approximately $590 million in cash on hand and 7,362 in unencumbered Bitcoin on the balance sheet, representing total liquidity of approximately $901 million as of the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.45%
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none
News
Riot Announces November 2023 Production and Operations Updates
Rhea-AI Summary
Riot Platforms, Inc. (NASDAQ: RIOT) announces unaudited production and operations updates for November 2023. The company produced 552 Bitcoin, a 21% increase over October, with a net proceeds of $19.6 million from Bitcoin sales. Riot expanded its hash rate and deployed additional miners, projecting a total self-mining hash rate capacity of 38 EH/s by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
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none
Stock RIOT logo
Riot Platforms Inc

Nasdaq:RIOT

RIOT Rankings

#1527 Ranked by Market Cap
#535 Ranked by Stock Gains
N/A Ranked by Dividends

RIOT Stock Data

2.31B
232.65M
8.24%
41.3%
12.31%
In-Vitro Diagnostic Substance Manufacturing
Manufacturing
Link
United States
Castle Rock

About RIOT

riot blockchain is focused on building, supporting, and operating blockchain technologies. riot blockchain intends to gain exposure to the blockchain ecosystem through targeted investments in the sector, with a primary focus on the bitcoin and ethereum blockchains. the rollout of this strategy has commenced with strategic investments in coinsquare.io, verady.io, and tesspay.io.