Riot Blockchain focuses on cryptocurrency mining of bitcoin. The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. Riot also holds certain non-controlling investments in blockchain technology companies. Riot is headquartered in Castle Rock, Colorado, and the Company's primary mining facility operates out of upstate New York, under a co-location hosting agreement with Coinmint.
Company profile
Ticker
RIOT
Exchange
Website
CEO
Jason Les
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ASPENBIO INC, AspenBio Pharma, Inc., Bioptix, Inc., Riot Blockchain, Inc., Venaxis, Inc.
SEC CIK
Corporate docs
Subsidiaries
Whinstone US, Inc. • ESS Metron, LLC ...
IRS number
841553387
RIOT stock data
Analyst ratings and price targets
Current price
Average target
$8.50
Low target
$5.00
High target
$12.00
BTIG
Maintains
$12.00
Wells Fargo
Maintains
$5.00
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
1 Feb 23
8-K
Entry into a Material Definitive Agreement
3 Jan 23
8-K
Regulation FD Disclosure
14 Dec 22
8-K
Amendments to Articles of Incorporation or Bylaws
23 Nov 22
10-K/A
2021 FY
Annual report (amended)
23 Nov 22
10-Q
2022 Q3
Quarterly report
7 Nov 22
DEFA14A
Additional proxy soliciting materials
27 Oct 22
DEFA14A
Additional proxy soliciting materials
25 Oct 22
DEFA14A
Additional proxy soliciting materials
19 Oct 22
8-K
Departure of Directors or Certain Officers
3 Oct 22
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 254.97 mm | 254.97 mm | 254.97 mm | 254.97 mm | 254.97 mm | 254.97 mm |
| Cash burn (monthly) | 5.17 mm | (no burn) | 13.34 mm | 32.38 mm | (no burn) | 2.19 mm |
| Cash used (since last report) | 21.83 mm | n/a | 56.33 mm | 136.75 mm | n/a | 9.24 mm |
| Cash remaining | 233.14 mm | n/a | 198.65 mm | 118.22 mm | n/a | 245.74 mm |
| Runway (months of cash) | 45.1 | n/a | 14.9 | 3.7 | n/a | 112.4 |
Institutional ownership, Q3 2022
38.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 226 |
| Opened positions | 33 |
| Closed positions | 37 |
| Increased positions | 74 |
| Reduced positions | 56 |
| 13F shares | Current |
|---|---|
| Total value | 445.09 mm |
| Total shares | 63.77 mm |
| Total puts | 10.01 mm |
| Total calls | 8.04 mm |
| Total put/call ratio | 1.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 14.49 mm | $101.59 mm |
| BLK Blackrock | 9.47 mm | $66.36 mm |
| Susquehanna Securities | 4.76 mm | $0.00 |
| BAC Bank Of America | 2.73 mm | $19.10 mm |
| Geode Capital Management | 2.61 mm | $18.30 mm |
| MS Morgan Stanley | 2.41 mm | $16.92 mm |
| Toroso Investments | 2.05 mm | $14.34 mm |
| Data AG Northern | 2.03 mm | $55.75 mm |
| Mirae Asset Global Investments | 1.65 mm | $11.58 mm |
| NTRS Northern Trust | 1.26 mm | $8.84 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Feb 23 | Chad Everett Harris | Common Stock | Sale back to company | Dispose D | No | No | 0 | 218,000 | 0.00 | 14,400 |
| 1 Feb 23 | Chad Everett Harris | Common Stock | Sale back to company | Dispose D | No | No | 0 | 742,942 | 0.00 | 232,400 |
| 17 Jan 23 | Lance Varro D'Ambrosio | Common Stock | Sell | Dispose S | No | Yes | 6.3885 | 26,000 | 166.10 k | 69,441 |
| 11 Jan 23 | Chad Everett Harris | Common Stock | Payment of exercise | Dispose F | No | No | 4.22 | 9,600 | 40.51 k | 975,342 |
| 11 Jan 23 | Jason Les | Common Stock | Payment of exercise | Dispose F | No | No | 4.22 | 16,667 | 70.33 k | 3,333,435 |
| 11 Jan 23 | William Richard Jackman | Common Stock | Payment of exercise | Dispose F | No | No | 4.22 | 12,000 | 50.64 k | 1,006,389 |
News
Why Stocks Like Coinbase, Carvana And Upstart Are Moving Lower Friday
3 Feb 23
Adani Isn't The First — Elon Musk's Twitter, Nikola And A Crypto Company Have Been Short-Selling Targets For Hindenburg Before
30 Jan 23
BTIG Maintains Buy on Riot Platforms, Lowers Price Target to $12
27 Jan 23
Why Ontrak Shares Are Trading Higher By Over 100%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
18 Jan 23
PNC Financial, bluebird bio And Other Big Stocks Moving Lower On Wednesday
18 Jan 23
Press releases
As Bitcoin Rallies, Eyes Are On Bitcoin Miners: And This Miner Could Benefit From Its Recent Moves
31 Jan 23
CapitalGainsReport Sector Spotlight: Blockchain Breakouts for 2023 (EPAZ, MARA, DGHI, RIOT)
11 Jan 23
Riot Announces December 2022 Production and Operations Updates
4 Jan 23
With A Growing Short Supply Of Crypto Mining Infrastructure, Can Mawson's Large-Scale Excess Capacity Provide Hope For The Industry?
17 Nov 22
Riot Reports Third Quarter 2022 Financial Results, Current Operational and Financial Highlights
7 Nov 22