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Riot Platforms’ Bitcoin Mining Success: What Lies Ahead for the Stock?

Ellis HobbsAvatar
Written by Ellis Hobbs Reviewed by Jack Kellogg Fact-checked by Tim Sykes
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Riot Platforms Inc. experiences a boost as optimistic blockchain sector news propels its shares, with related advancements including infrastructure expansion and strategic collaborations playing a key role. On Tuesday, Riot Platforms Inc.’s stocks have been trading up by 3.82 percent.

Market Buzz:

  • Riot Platforms reveals mining of 516 bitcoins in December, marking a 4% uptick from the previous month, aided by completing the first 400 MW stage at the Corsicana Facility.

Candlestick Chart

Live Update At 17:20:22 EST: On Tuesday, January 14, 2025 Riot Platforms Inc. stock [NASDAQ: RIOT] is trending up by 3.82%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • Cryptocurrency stocks experience an ascent as Bitcoin surges over $96,500, benefiting Riot Blockchain, Marathon Digital, and others.

  • Riot Platforms stands out amidst bullish sentiment as analysts recommend investments for broader bitcoin exposure, alongside CleanSpark and Core Scientific.

  • Riot Platforms secures spotlight with a new 2X long ETF RIOX, amplifying its position in the crypto-mining sector.

  • Keefe Bruyette & Woods bestows an ‘Outperform’ rating on Riot Platforms with a $17 target, showcasing confidence.

Riot Platforms’ Financial Outlook:

When engaging in the volatile world of trading, it is crucial to maintain a clear strategy that prioritizes risk management over hasty profit pursuits. As millionaire penny stock trader and teacher Tim Sykes, says, “It’s better to go home at zero than to go home in the red.” This perspective reminds traders that avoiding losses and preserving capital should take precedence over reckless trading decisions that could result in detrimental financial outcomes. By adhering to this mindset, traders can ensure they maintain a sustainable approach in their trading endeavors, safeguarding their resources for more promising opportunities.

Riot Platforms has been a significant player in bitcoin mining, effortlessly gaining attention with its remarkable performance and operational prowess. A critical highlight from its latest earnings report is the 4% increase in bitcoin mining output, culminating in a year-end total of 4,828 bitcoins. By the conclusion of December, its arsenal swelled to 17,722 bitcoins, manifesting a formidable growth of 141% from the prior year. Operational excellence at the Corsicana Facility, cementing its 400 MW development phase, underscores Riot’s commitment to growth.

Yet, the financial metrics paint a nuanced picture. Despite a towering enterprise value of $3.4 billion, Riot faces challenges, with a notable ebit margin at -120.5%. Revenue figures stand at approximately $280.68 million, albeit with profitability hurdles as evidenced by the -69.46% profit margin. With a current ratio of 5.7 and leverageratio of 1.1, Riot exhibits financial robustness, indicating a double-digit growth potential. Cash flow statements reveal a net decrease, alongside substantial investments in capital endeavors and business acquisitions.

More Breaking News

The persistent volatility in EBIT outlines a challenging path, hinting at external pressures and operational improvements. Despite these trials, Riot’s strategic moves have positioned it for a promising 2025.

Exploring the Market Dynamics:

Riot Platforms’ recent advancements and its tactical efforts to bolster its mining capacity have inspired confidence among analysts and investors. Positive market momentum embedded within surging bitcoin prices, rising beyond $96,500, places Riot Platforms among the prime beneficiaries. Wall Street remains abuzz, heralding the company’s deft navigation through the bullish market landscape.

The new RIOX ETF has sparked interest, aiming to provide investors with amplified exposure, promising more significant gains. Positive sentiment around cryptocurrencies further emboldens Riot’s market standing. Keefe Bruyette & Woods’ ‘Outperform’ rating, paired with a $17 price target, lends credence to RIOT’s growth potential.

As bitcoin eclipses milestones, Riot Platforms continues to tighten its grip on the cryptocurrency mining sector, ever-poised to capitalize on prevailing trends. This exuberance has ushered Riot to fresh heights, unraveling new prospects on the horizon.

Stock Performance Overview:

The cryptocurrency sector shines as Bitcoin traverses over the $96,500 mark, galvanizing related stocks, including RIOT. This optimistic trajectory, elevated by growing consumer interest, fuels trading volumes and rallying prices in the wider market. With Bitcoin’s bullish trend, Riot can experience favorable market conditions, further buttressed by analyst endorsements and thriving crypto interests.

Riot Platforms finds itself at the forefront of digital assets, tapping into the cryptocurrency zeitgeist. With persistent evaluation and strategic enhancement, it navigates the oscillations and cultivates opportunities to ensure perpetual competitiveness. Engaging in these prime developments signifies Riot’s dynamic approach to securing its stature in the ever-evolving financial market.

Conclusion:

Riot Platforms’ notable strides in bitcoin mining have propelled its stock into the spotlight, orchestrating a harmonious blend of technical achievement and financial strategy. As millionaire penny stock trader and teacher Tim Sykes says, “The goal is not to win every trade but to protect your capital and keep moving forward.” With newfound vigor and strategic enhancements, the company advances, embodying the boundless opportunities intrinsic to the digital asset realm. As Bitcoin scales new heights, one anticipates greater triumphs on Riot’s horizon, heralding thrilling prospects for traders navigating the crypto frontier.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”