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Bond yields, oil prices, and inflation rhetoric have teamed up to make it tough for investors heading into fall.
For years, bitcoin miners traded like a leveraged bet on the token they produce. That relationship broke down over the past year, according to a recent CoinShares report.
I continued to rate Riot Platforms a Strong Buy with an increased price target of $35, implying 75% upside from the current level. RIOT's 20-year, 191 MW AI lab lease at Rockdale secures $9.1B in contract revenue, driving $365–$411M in annual NOI at 80–90% margins. I retain my 20x FWD EV/EBITDA multiple, despite the sector median sitting closer to 14.2x.
Bitcoin, crypto stocks tumbled Tuesday after the Senate failed to advance the Clarity Act, leaving digital asset market structure in limbo.
Riot Platforms, Inc. (RIOT) reached $20.95 at the closing of the latest trading day, reflecting a -2.42% change compared to its last close.
Riot Platforms, Inc. (RIOT) concluded the recent trading session at $22.16, signifying a +1.63% move from its prior day's close.
Bitcoin (BTC) mining name Riot Platforms Inc (NASDAQ:RIOT) is surging today, up 11.6% at $20.79 at last glance while Bitcoin taps three-month highs.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
SEC filings for RIOT aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.