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Tech Insights: Riot Platforms, Inc.

GM Investors, 👋

It’s the first day of a new work week, meaning that fresh Tech Insights issue is at the top of your list. For issue #19, we’re exploring Riot Platforms, a U.S. publicly traded bitcoin miner. This analysis is read best in conjunction with our Marathon Digital and Core Scientific reviews.

Let’s go.

What We Think: Bullish Overall

At the end of the day, we’re bullish on RIOT over the next two years, because we’re bullish on bitcoin.

Having said that, to us Riot seems weaker than Marathon and extremely overvalued compared to Core Scientific. However, anyone wanting exposure to bitcoin mining stocks will likely benefit from investing in a selection of multiple companies, and we think it’s reasonable to include Riot within that selection.

What Wall Street Thinks: Sell (0%) Hold (9%) Buy (91%)

Wall Street analysts are currently bullish on RIOT, with 91% recommending a buy and only 9% calling for a hold.

Analysts’ average issued price target for RIOT is $18.71.

Disclaimer: This is not financial advice. Money Mastery is simply reporting what some Wall Street firms are telling their clients.

Riot’s Company Profile

Riot Platforms, Inc. is a large-scale bitcoin miner. Riot has two large mining facilities located in Rockdale and Corsicana, Texas. Riot makes money by mining bitcoin, managing mining operations for third-parties, power agreements with Texas’ utility provider, and power distribution equipment sales. Riot Platforms was founded in 1998, went public in 2003, and is headquartered in Castle Rock, Colorado.

SWOT Analysis


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