Riot Platforms

Riot Platforms, Inc. (RIOT) (Q1FY24) – Bitcoin’s scalable miner

Highlights of the report

In the first quarter of 2024, Bitcoin’s price surged due to new demand from eleven Bitcoin spot ETFs approved by the SEC, leading to approximately $12.1bn in net inflows.

Riot Platforms (RIOT) Equity Report Q1FY24

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Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America.

In Q1FY24, RIOT’s revenue increased by 8% to $79.3mn from $73.2mn in Q1FY23 and the COGS decreased by -25% to $47.1mn from $63.1mn in the same period.

Riot Platforms stock price showed an uptrend in the past 3- month period and gave negative returns of -9%. The stock price  ecreased by -3% in the past 1-year. The stock has a 52-week high of $20.65 and its 52-week low is $7.80.

Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

Report details

Riot Platforms, Inc. (RIOT) (Q1FY24) – Bitcoin’s scalable miner

Price

$256.00

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