Riot Blockchain Riot Blockchain is a bitcoin mining company based in the United States and is expected to announce its Q1 report on May 17. The company doesn't report Bitcoin production numbers on a consistent basis, so it's hard to calculate a detailed performance versus just buying Bitcoin. Riot also holds non-controlling investments in blockchain technology companies. [ May 14, 2021 ] Better Buy: Bitcoin vs. Riot Blockchain Blockchain Better Buy: Bitcoin vs. Riot Blockchain Blockchain Bullish. Riot Blockchain Announces Milestone Purchase Order of 42,000 S19j Antminers, Growing Total Hash Rate to 7.7 EH/s Upon 2022 De... © Shares of the largest public cryptocurrency-mining companies like Riot Blockchain (NASDAQ:RIOT) are outpacing the gains of Bitcoin (CCC:BTC-USD), as the crypto bull market shows no signs of slowing down. RIOT Stock: Until It Can Prove Itself, Riot Blockchain Is Still a Day Trade April 2, 2021 Delia Blockchain 0 Shares of the largest public cryptocurrency-mining companies like Riot Blockchain (NASDAQ: RIOT ) are outpacing the gains of Bitcoin (CCC: BTC-USD ), as the crypto bull market shows no signs of slowing down . Those … With the initial public offering of […] No surprises, RIOT stock is up 6,630% in a year. These Top Hedge … It doesn't mean there is anything shady happening, but as Charlie Munger put it, "show me the incentives and I will show you the outcome.". Overall, Riot Blockchain stock is a great stock-based alternative to buying cryptocurrency directly for long-term believers of cryptocurrency growth. Goldman's blockchain screen stocks are trouncing the S&P: At the Open SA Breaking News 04/27 08:15 ET. Source: Shutterstock However, it’s important to exercise caution with anything crypto-related. No surprises, RIOT stock is up 6,630% in a year. We’re motley! Although there is a lot of buzz around nonfungible tokens and meme-based cryptocurrencies, it was the rise in Bitcoin (CRYPTO:BTC) that seemed to ignite the frenzy.Â. Ethereum vs. Bitcoin: Which Is the Better Buy? One way shareholders can stay informed is by following the company's earnings reports and subsequent conference calls. Shares of the largest public cryptocurrency-mining companies like Riot Blockchain (NASDAQ:RIOT) are outpacing the gains of Bitcoin (CCC:BTC-USD), as the crypto bull market shows no signs of slowing down. Riot Blockchain Stock Price Target Gets a Big Boost TipRanks - 4/1/2021 5:47:41 PM: Riot Blockchain ticks up after hitting GAAP profitability in Q4 Seeking Alpha - 3/31/2021 7:23:05 PM: Annual Report (10-k) Edgar (US Regulatory) - 3/31/2021 5:27:37 PM: Riot Blockchain EPS beats by $0.21, beats on revenue Seeking Alpha - 3/31/2021 5:24:18 PM Riot Blockchain (NASDAQ: RIOT) focuses on cryptocurrency mining of bitcoin. Even after a recent pullback, Bitcoin currently sits at $50,351. Riot also holds non-controlling investments in blockchain technology companies. That approach is understandable when shares are primarily held by one party. If that proves true, the stock's recent underperformance could reverse quickly. Riot Blockchain, Inc. is followed by the analysts listed above. Part of the short-term disconnect may be the number of shares outstanding. ... Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. One company in the space that does a good job of this is Bitfarms (OTCMKTS:BFARF) A recent press release from the company indicates very … That isn't possible with Bitcoin since there is no management. Part of the short-term disconnect may be the number of shares outstanding. That means running the company actually burned cash last year. Riot Blockchain doesn’t clearly lay out the costs and revenues it expects from its Bitcoin mining operations based on these projected exahash rates, but we can understand its operations to a degree. Shareholders aren't concerned with the dilution because the average holding period -- calculated by dividing the shares outstanding by the average daily volume -- is two days. The common Riot Blockchain share is held for 2 days after buy. Riot Blockchain (NASDAQ: RIOT) has been declining since its February 2021 peak. According to the company’s release, ISWH continues to move forward with the commitments made in its anti-dilution initiative announced in December 2020. Let's dig into one miner, Riot Blockchain (NASDAQ:RIOT), to better understand what the pros and cons might be. “Exceeding 1 EH/s in hash rate capacity marks a major milestone for the Company,” said Jason Les, CEO of Riot. 2021 Shares of the largest public cryptocurrency-mining companies like Riot Blockchain (NASDAQ:RIOT) are outpacing the gains of Bitcoin (CCC:BTC-USD), as the crypto bull market shows no signs of slowing down. No surprises, RIOT stock is up 6,630% in a year. Founded in 2000 under the name AspemBio, Riot Blockchain has entered and exited several high-growth sectors. The biggest positive for Riot Blockchain is that it is picking up steam. With the initial public offering of Coinbase and the prevalence of cryptocurrency miners, it can be hard to determine if one will prove a better investment than the asset itself. Dilution is one of them. Riot Blockchain Inc (NASDAQ:RIOT) recently announced that it will achieve an estimated hash rate capacity of 1.06 Exahash per second with the deployment of the newly received 2,002 S19 Pro Antminers. As the market for alternative assets heated up earlier this year, many investors found themselves trying to differentiate between the various investment options. Discounted offers are only available to new members. To date, management has not hosted calls or offered question-and-answer sessions. Source: Shutterstock However, it’s important to exercise caution with anything crypto-related. The company primarily focuses on bitcoin mining. [ May 14, 2021 ] Disney, DoorDash, Coinbase & more Coinbase [ May 14, 2021 ] Better Buy: Bitcoin vs. Riot Blockchain Blockchain [ May 14, 2021 ] Why Elon Musk’s bitcoin U-turn caused a crypto crash Bitcoin [ May 14, 2021 ] Ethereum Moves Above $4300 As Bitcoin Dominance Falls To … Comparing the two flows can shed light on how any cash was produced and if it is sustainable. Whenever it finally gets filed, the first-quarter earnings report should be a window into the rest of the year. Breaking News . Bitcoin is still subject to wild oscillation, … Shareholders aren’t involved with the dilution as a result of the typical holding interval — calculated by dividing the shares excellent by the typical every day quantity — is 2 days. Riot Blockchain, Inc. (Exact name of registrant as specified in its charter) Nevada : 84-1553387 (State or other jurisdiction of incorporation or organization) (I.R.S. Riot operates mining hardware which performs computational operations in support of the blockchain measured in “hash rate” or “hashes per second.” A “hash” is the computation run by mining hardware in support of the blockchain; therefore, a miner’s “hash rate” refers to the rate at which it is capable of solving such computations. [ May 14, 2021 ] Cramer’s Mad Money Recap: Tesla, Coinbase, DoorDash Coinbase [ May 14, 2021 ] Samsung expands blockchain support on Galaxy smartphones amid crypto boom Blockchain [ May 14, 2021 ] Cryptocurrency Crime Declines But ‘DeFi’ Fraud Soars: CipherTrace Cryptocurrency News [ May 14, 2021 ] Palantir to Take Bitcoin as Payment, Mulls Betting on … In a year where the price of Bitcoin went up more than 300%, Riot Blockchain spent tens of millions of dollars and ended up burning cash rather than generating it. As the market for alternative assets heated up earlier this year, many investors found themselves trying to differentiate between the various investment options. Partnership Aimed at Making COVID-19 Testing Easily Accessible for Patients Will Utilize Acupath’s Non-Invasive Saliva PCR AssayPLAINVIEW, N.Y., May 19, 2021 (GLOBE NEWSWIRE) -- Acupath Laboratories, Inc., a leading provider of sub-specialized anatomic and molecular pathology services, today announced its partnership with Test Today USA, LLC, to provide mobile COVID-19 … However, insiders currently own only 1% of Riot Blockchain. Those … ... For instance, Riot Blockchain raised about $260 million from issuing those additional shares in 2020 and $8 million from selling cryptocurrency. The price of Bitcoin has been weak this month, falling 14%. Riot Blockchain, Inc. (RIOT) Earnings Expected to Grow: What to Know Ahead of Q1 Release Yahoo 05/03 15:01 ET. Riot Blockchain (RIOT) Riot Blockchain is a bitcoin mining company based in the United States and is expected to announce its Q1 report on May 17. “Exceeding 1 EH/s in hash rate capacity marks a major milestone for the Company,” said Jason Les, CEO of Riot. Riot Blockchain Inc. (NASDAQ: RIOT) recently announced that it will achieve an estimated hash rate capacity of 1.06 Exahash per second with the deployment of … Riot also holds certain non-controlling investments in blockchain technology companies. Riot Blockchain Inc (NASDAQ:RIOT) may be currently the most obvious pure-play stock specializing in cryptocurrency mining with a focus on bitcoin. Although just buying Bitcoin has also been the clear winner over the past few months, the longer term has highlighted how levered Riot's prospects are to the digital currency. In the same time, shares of Riot Blockchain have collapsed 37%. Stable Share Price: RIOT is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 25% a week. M. Part of the short-term disconnect may be the number of shares outstanding. Riot Blockchain Inc (NASDAQ:RIOT) recently announced that it will achieve an estimated hash rate capacity of 1.06 Exahash per second with the deployment of the newly received 2,002 S19 Pro Antminers. You learn that accurately. Source: Mark Agnor / Shutterstock.com Riot Blockchain mines Bitcoin, so […] It also seeks to achieve its expansion goals … The … Riot Blockchain Inc (NASDAQ:RIOT) may be currently the most obvious pure-play stock specializing in cryptocurrency mining with a focus on bitcoin. Riot Blockchain Inc. (NASDAQ: RIOT) stock investment is a bet that the Castle Rock, Colo. company can mine Bitcoin (CCC: BTC-USD) more efficiently than its competition. Riot is headquartered in Castle Rock, Colorado, and the Company’s primary mining … Although there is a lot of buzz around nonfungible tokens and meme-based cryptocurrencies, it was the rise in Bitcoin (CRYPTO:BTC) that seemed to ignite the frenzy. We talk about blockchain in general and the recent explosion in Bitcoin Mining companies. Volatility Over Time: RIOT's weekly volatility (25%) has been stable over the past year, but is still higher than 75% of US stocks. 10 Best Bitcoin Stocks to Buy Now Yahoo 05/03 10:12 ET. China Bars Financial Companies From Cryptocurrency Services. That left more cash on the balance sheet at the end of the year, but highlights a disconcerting reality. Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 143.5%. The company has issued a lot of equity to fund purchases of special mining computers, called Antminers. Shares of the largest public cryptocurrency-mining companies like Riot Blockchain (NASDAQ: RIOT) are outpacing the gains of Bitcoin ... leading to significant dilution… Similar to buying stock in companies that extract commodities like gold and oil from the earth, there are risks that have nothing to do with the price of what they are mining. For instance, Riot Blockchain raised about $260 million from issuing those additional shares in 2020 and $8 million from selling cryptocurrency. That's fine for a company that doesn't need to keep investing as much, but Riot's purchase of crypto mining equipment isn't an isolated expense. Riot Blockchain Inc. (NASDAQ: RIOT) recently announced that it will achieve an estimated hash rate capacity of 1.06 Exahash per second with the deployment of the newly received 2,002 S19 Pro Antminers. Cumulative Growth of a $10,000 Investment in Stock Advisor, Better Buy: Bitcoin vs. Riot Blockchain @themotleyfool #stocks $BTC $FB $BP $RIOT $COIN. The lack of transparency should give investors pause. For the first two months of 2021, Riot produced 304 Bitcoins, or 157 per month on average. Management acknowledges this in SEC filings, pegging the useful life at two years. Riot Blockchain Inc. (NASDAQ:RIOT) stock investment is a bet that the Castle Rock, Colo. company can mine Bitcoin (CCC:BTC-USD) more efficiently than its competition. The company specializes in cryptocurrency mining with a focus on bitcoin. In the same time, shares of Riot Blockchain have collapsed 37%. “Exceeding 1 EH/s in hash rate capacity marks a major milestone for the Company,” said Jason Les, CEO of Riot. Riot Blockchain Stock Price Target Gets a Big Boost TipRanks - 4/1/2021 5:47:41 PM: Riot Blockchain ticks up after hitting GAAP profitability in Q4 Seeking Alpha - 3/31/2021 7:23:05 PM: Annual Report (10-k) Edgar (US Regulatory) - 3/31/2021 5:27:37 PM: Riot Blockchain EPS beats by $0.21, beats on revenue Seeking Alpha - 3/31/2021 5:24:18 PM Riot Blockchain, Inc. (RIOT) Earnings Expected to Grow: What to Know Ahead of Q1 Release Yahoo 05/03 15:01 ET. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Usually, it's important to make sure that the interests of executives are aligned with shareholders. • {{ article.symbol }} • For anyone waiting for the taper, this could be a hint it’s coming sooner rather than later.”Cryptocurrency-exposed shares including Coinbase Global Inc., Marathon Digital Holdings Inc. and Riot Blockchain Inc. each fell more than 6% after Bitcoin touched its lowest level since January before bouncing back. That's not so easy with Riot. Although there is a lot of buzz around nonfungible tokens and meme-based cryptocurrencies, it was the rise in Bitcoin (CRYPTO:BTC) that seemed to ignite the frenzy. However, it significantly trails the simpler strategy using last year's average price of $11,185. How has Riot Blockchain's share price performed over time and what events caused price changes? {{ article.date }} {{ article.time }}, Looks like the dilution stopped and she’s ready to RUN, GlobeNewswire Inc. - 5/17/2021 5:28:45 PM, Edgar (US Regulatory) - 5/17/2021 5:01:38 PM, GlobeNewswire Inc. - 5/10/2021 8:45:00 AM, Edgar (US Regulatory) - 4/30/2021 4:32:46 PM, Edgar (US Regulatory) - 4/27/2021 6:54:34 PM, Edgar (US Regulatory) - 4/27/2021 8:45:12 AM, Edgar (US Regulatory) - 4/12/2021 5:00:54 PM, GlobeNewswire Inc. - 4/12/2021 8:45:00 AM, Edgar (US Regulatory) - 4/8/2021 9:02:14 AM, Edgar (US Regulatory) - 4/7/2021 6:22:14 PM, Edgar (US Regulatory) - 4/7/2021 6:20:02 PM, Bitcoin tests $30K level as cryptocurrency after dropping from $40K, Cryptocurrency names lead premarket losers as bitcoin, ethereum plunge, Riot Blockchain EPS misses by $0.11, misses on revenue, Riot Blockchain Reports Record First Quarter 2021 Financial Results, Current Operational and Financial Highlights, Mogo to increase ownership position in Coinsquare, Canada's crypto platform, Cryptocurrency slump batters crypto stocks, Riot Blockchain nearly doubled bitcoin production in April. Management stuck to the delayed schedule in 2021, going four months and 22 days between its third- and fourth-quarter reports. At least last year, spending all that money on the asset itself would have significantly outperformed setting up and running a mining operation. The company has issued a lot of equity to fund purchases of special mining computers, called Antminers. Stock Advisor launched in February of 2002. Riot Blockchain Announces April Production and Operations Updates, Statement of Changes in Beneficial Ownership (4), Goldman's blockchain screen stocks are trouncing the S&P: At the Open, Nano Dimension and LightPath among tech gainers; Cricut and Riot Blockchain among losers, Riot Blockchain: Recent Developments Keep Up Momentum, Riot Blockchain stock climbs after March bitcoin production rises 80% Y/Y, Riot Blockchain Announces March Production and Operations Updates, Riot Blockchain buys Whinstone US in stock and cash deal of ~$651M, Riot to Acquire Whinstone, Creating a US-Based Industry Leader in Bitcoin Mining, Initial Statement of Beneficial Ownership (3). Here's What Charlie Munger Thinks of the Bitcoin Boom, Copyright, Trademark and Patent Information. One way to evaluate a business is by comparing how money flows in and out of the operation. Riot Blockchain, Inc. is a bitcoin mining company, supporting the Bitcoin blockchain through rapidly expanding industrial scale mining focused in the United States. Find the latest RIOT BLOCKCHAIN INC (RIOT.MX) stock quote, history, news and other vital information to help you with your stock trading and investing. Oddly, that hasn't always been the case. For instance, Riot Blockchain raised about $260 million from issuing those additional shares in 2020 and $8 million from selling cryptocurrency. Other than the past three months, the change in Riot's stock price seems to be about 2.75 to 1 when compared to Bitcoin. Riot blockchain CEO was on CNBC last night defending the pump and dump that the past predecessors did back in 2017 on Riot blockchain when it had far less shares outstanding. According to the company’s release, ISWH continues to move forward with the commitments made in its anti-dilution initiative announced in December 2020. Another outflow was the $41 million management spent on property and equipment: the 33,646 Antminers. Shares of the largest public cryptocurrency-mining companies like Riot Blockchain (NASDAQ:RIOT) are outpacing the gains of Bitcoin (CCC:BTC-USD), as the crypto bull market shows no signs of slowing down. The company shows persistent negative EBITDA-Capex, due to persistently high cash-outflows into new mining rigs as hash rates increase. As the market for alternative assets heated up earlier this year, many investors found themselves trying to differentiate between the various investment options. RIOT data by YCharts. In 2018, 2019, and 2020, management filed a notification with the Securities and Exchange Commission (SEC) stating that it would not be able to submit its full-year report in a timely manner. RIOT BLOCKCHAIN INC financial statements, including revenue, expenses, profit, and loss The annual and quarterly earnings report below will help you understand the performance of RIOT. Market data powered by FactSet and Web Financial Group. Riot Blockchain vs. Marathon Digital Holdings: Which One Is A More Compelling Buy? ... reducing debt on the balance sheet and protecting shareholders against dilution. We are consistently focused on expanding our operations by increasing our bitcoin mining … Goldman's blockchain screen stocks are trouncing the S&P: At the Open SA Breaking News 04/27 08:15 ET. RIOT data by YCharts. RIOT Stock: What’s Next? Riot Blockchain (RIOT-2.4%) continues adding to its bitcoin mining fleet with contracts to buy 42,000 S19j Antminers for $138.5M from Bitmain Technologies. That dilution has undermined the stock price, dividing each owner's stake across more and more shares.Â. No two lists of the wealthiest cryptocurrency holders are the same, but a recent ranking showed a definite concentration. Founded in 2000 under the name AspemBio, Riot Blockchain has entered and exited several high-growth sectors. Riot Blockchain: 79% Downside Potential Makes It A Beautiful Short Opportunity May 10, 2021 Summary Historical cyclical price pattern suggests a 57%-79% downside from the current price of $33.39. [ May 14, 2021 ] Disney, DoorDash, Coinbase & more Coinbase [ May 14, 2021 ] Better Buy: Bitcoin vs. Riot Blockchain Blockchain [ May 14, 2021 ] Why Elon Musk’s bitcoin U-turn caused a crypto crash Bitcoin [ May 14, 2021 ] Ethereum Moves Above $4300 As Bitcoin Dominance Falls To Multi-Year Lows Ethereum Bitcoin Rebounds After Hitting Lowest Level Since March Yahoo 04/26 17:38 ET. An investment in the RIOT stock is also a bet that Bitcoin has staying power, and will continue its upward trajectory. If Riot still can't turn a profit, investors might be better off giving up on the idea that it ever can. 10 Best Bitcoin Stocks to Buy Now Yahoo 05/03 10:12 ET. Riot Blockchain (RIOT-2.4%) continues adding to its bitcoin mining fleet with contracts to buy 42,000 S19j Antminers for $138.5M from Bitmain Technologies. Like Riot Blockchain, Marathon Digital is another bitcoin mining stock that focuses its operations on the US market. That said, the largest holders do seem to have an incentive to keep speculation and trading volumes high. Riot also holds non-controlling investments in blockchain technology companies. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Owning the stock introduces risks that Bitcoin holders don't have to deal with, but the money spent on special mining equipment last year could lead to a gusher of profits in 2021.Â. The latest change came in 2017 when its management decided to focus its attention on mining Bitcoin. ... and the correlated dilution … Based on a historical cyclical price pattern, there is a likelihood that … Does Cryptocurrency Belong in Your Investing Portfolio? Returns as of 05/19/2021. For a company that mines Bitcoin, one would expect Riot Blockchain's stock performance to be directly tied to the digital currency. Theoretically, the earnings the company generates are simply the value of the mined coins minus all of the costs that go into setting up and running the operation. The silver lining is that the company has done well in the last few years since it made the pivot. InvestorsHub.com, Inc. The company has issued a lot of equity to fund purchases of special mining computers, called Antminers. Ultimately investors want clearly defined numbers. Riot Blockchain Inc. (NASDAQ: RIOT) pulled in sales of $2.5M in its last reported quarterly financials, representing top line growth of 41.6%. Those inputs were offset by $11 million in negative cash from operations. Why ISW Holdings (OTCMKTS:ISWH) May be the Value Play in Crypto (MSTR, RIOT, MARA, SOS, HVBTF, CAN) Posted by Donna Fago April 7, 2021 The leading crypto exchange will begin trading on the Nasdaq next week, and one can imagine that the timing of this decision was an indication of how confident management was in the company’s Q1 results and guide for 2021 yesterday afternoon. The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. Riot Blockchain . {{ article.headline | getDecodedUnicode }} Like Riot Blockchain, Marathon Digital is another bitcoin mining stock that focuses its operations on the US market. This may leave a pile of profits for shareholders, at least until management has to purchase new Antminers. Investigating the primary holders of Bitcoin offers no more comfort. Of the top ten, one is the creator of Bitcoin, two are the founders of Bitmain Technologies -- the company selling Antminers to Riot, three others are founders of Chinese crypto trading platforms, and two are the Winklevoss twins of Facebook fame. Featured Riot Blockchain Inc (NASDAQ:RIOT) is a well-known player in the crypto space. Latest Share Price and Events. Source: Shutterstock However, it’s important to exercise caution with anything crypto-related. Dilution is one of them. Stock Advisor list price is $199 per year. Please note that any opinions, estimates or forecasts regarding Riot Blockchain, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Riot Blockchain… ... eliminating the majority of dilution potential from convertible debentures now carried in the Company’s books. Riot Blockchain is a bitcoin mining company based in the United States and is expected to announce its Q1 report on May 17. It skipped the SEC notice since the agency extended deadlines due to the coronavirus. Riot Blockchain Inc (NASDAQ:RIOT) ... with its noteholders toward the establishment of a new agreement that will form the foundation for its emerging anti-dilution policy designed to protect the value of its common stock and return more of that value to its shareholders. In the same time, shares of Riot Blockchain have collapsed 37%. With the company mining 697 coins at an average price of $46,640 during the period, the money flowing in shouldn't be eaten away by investments. No surprises, RIOT stock is up 6,630% in a year. Reply Replies (9) 36 6. Economists’ projections for an incredible U.S. rebound in 2021 are coming true. Since that announcement, the Company has reduced outstanding shares by nearly 25%, reduced authorized shares by 88% down to 60 million, and eliminated over $3.4 million (or 94%) of outstanding convertible debt. Top Shareholders. For instance, Riot Blockchain raised about $260 million from issuing those additional shares in 2020 and $8 million from selling cryptocurrency. Now with all these extra shares they've issued the company stock is worth way more than it was back then when they did the last pump and dump scheme. Riot Blockchain said Thursday it has signed an agreement to acquire the firm’s Texas operations for $80 million cash and 11.8 million shares of Riot stock at a … This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Source: Shutterstock However, it’s important to exercise caution with anything crypto-related.

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