Riot Platforms Ord Shs Stock Price, News & Analysis

Riot Blockchain (NASDAQ: RIOT) announces a live investor tour of its Whinstone Facility on October 20, 2021. This facility, acquired in May 2021, boasts a developed capacity of 300 megawatts (MW) and competitive energy costs of approximately 2.5 cents per kWh. Following the acquisition, Riot is expanding the facility by an additional 400 MW, with segments expected to be completed by Q1 2022 and Q2 2022. Investors can meet Riot and Whinstone management to gain insights into their operations.

Riot Blockchain, Inc. (NASDAQ: RIOT) reported a significant increase in Bitcoin production, with 441 BTC mined in August 2021, reflecting a 451% year-over-year growth compared to 80 BTC in August 2020. Year-to-date production reached 2,051 BTC, a 221% increase from 639 BTC in the same period last year. As of August 31, Riot holds 3,128 BTC in self-mined assets. The company is also expanding its Whinstone Facility, aiming for a total hash rate capacity of 7.7 EH/s by Q4 2022.

Riot Blockchain, Inc. (NASDAQ: RIOT) reported a remarkable financial performance for the three months ending June 30, 2021. Mining revenue surged by 1,540% to $31.5 million, up from $1.9 million in 2020, with a profit margin of 70%. The company achieved a net income of $19.3 million or $0.22 per share, a significant turnaround from a $10.6 million loss last year. As of June 30, total assets stood at $221.3 million, including 2,687 BTC. Riot’s acquisition of Whinstone US and ongoing capacity expansion highlight its aggressive growth strategy.

Riot Blockchain (NASDAQ: RIOT) reported a significant increase in Bitcoin production for July 2021, producing 444 BTC, a 771% rise from 51 BTC in July 2020. Year-to-date production reached 1,610 BTC, up 188% from 559 BTC in the same period last year. Riot's hash rate capacity stands at 1.93 EH/s, with plans to expand to 7.7 EH/s by Q4 2022. The company is actively deploying new Antminers and enhancing its infrastructure. Additionally, Riot opened a new office in Austin, Texas, and announced several key hires to support its growth.

Riot Blockchain, Inc. (NASDAQ: RIOT) reported significant Bitcoin production for June 2021, generating 243 BTC, a 406% increase from June 2020. Year-to-date, the company has produced 1,167 BTC, up 130% compared to the previous year. As of June 30, Riot held 2,243 BTC. The company is expanding its Whinstone facility to 750 megawatts by 2022, including 400 MW under development. Riot anticipates a total hash rate capacity of 7.7 EH/s by Q4 2022, with plans to support future miner deployments.

Riot Blockchain, Inc. (NASDAQ: RIOT) reported significant growth in Bitcoin production for May 2021, producing 227 BTC, a 220% increase from May 2020's 71 BTC. Year-to-date production reached 924 BTC, up 101% compared to 460 BTC in the same period last year. The completion of the Whinstone acquisition positions Riot as a leader in North American Bitcoin mining with a facility capable of 750 MW. Additionally, Riot announced the shipment of 1,000 S19 Pro Antminers, contributing to an expected hash rate capacity of 7.7 EH/s by Q4 2022.

Riot Blockchain has completed its acquisition of Whinstone US, which operates North America's largest Bitcoin mining facility. The deal involved 11.8 million shares of Riot stock and $80 million in cash. This move positions Riot as a major player in the Bitcoin mining sector, leveraging Whinstone's superior infrastructure and energy management system to enhance operational efficiency. Riot plans to increase Whinstone's capacity to 750 MW and aims for synergy in operational and energy costs. The acquisition is expected to strengthen Riot's role in the Bitcoin ecosystem.

Riot Blockchain (NASDAQ: RIOT) announces key management changes, with Benjamin Yi appointed as Executive Chairman and Lance D’Ambrosio joining the Board as an independent director. Yi, who has been with Riot since 2018, will collaborate with the executive team to enhance the company's role in the Bitcoin ecosystem. Under his leadership, Riot achieved profitability and restructured its management team. D’Ambrosio, a seasoned entrepreneur and investor, brings extensive financial and governance experience. Hubert Marleau has been elected as Lead Independent Director, further strengthening the Board's oversight.

Riot Blockchain (NASDAQ: RIOT) reported a remarkable financial turnaround for Q1 2021, with mining revenue up 881.1% to $23.2 million, and a record net income of $7.5 million or $0.09 per share. This contrasts with a net loss of $4.3 million in Q1 2020. The mining revenue margin improved to 67.5%, reflecting increased Bitcoin prices and operational efficiency. The company also reported total cash and Bitcoin holdings of $275.6 million by March 31, 2021. Additionally, Riot plans to strengthen its position by acquiring Whinstone US, enhancing its mining capacity significantly.