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Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announced the purchase of 3,000 next generation Bitmain S17 Pro Antminers for approximately USD $5 million from BitmainTech PTE. LTD. ("Bitmain"). This upgrade was funded from Riot's available cash on hand.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, has announced updated strategic priorities for 2020, including a more targeted focus on bitcoin mining.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announced the purchase of an additional 1,000 next generation Bitmain S17 Pro Antminers for approximately USD $1.35 million from BitmainTech PTE. LTD. ("Bitmain"). On December 4, 2019, Riot announced that it had purchased 3,000 S17 Pro miners. Once these total 4,000 miners are received and operational, Riot's Oklahoma City mining facility will utilize its 12 megawatt ("MW") available electric power supply mining with the newest generation of S17 Pro miners. This purchase was funded from Riot's available cash on hand.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), announces receipt of approximately 3,000 S17 Pro Antminers from BitmainTech PTE. LTD. ("Bitmain"), arriving at Riot's Oklahoma City mining facility in late December 2019. The Riot team has commenced deploying the new S17 Pro generation miners. This initial purchase was previously announced on December 4, 2019. The deployment of the new miners is advancing rapidly, and Riot has secured additional temporary labor to accelerate the upgrade process.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, is contributing a total of $100,000 to hospitals in its areas of operations to aid local hospitals' COVID-19 relief efforts.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, reported financial results for the year ended December 31, 2019. The financial statements are available on Riot's website and here.
The U.S. Securities and Exchange Commission has concluded its investigation of Castle Rock-based cryptocurrency company Riot Blockchain (Nasdaq: RIOT) and does not intend to recommend any enforcement actions against the company. “The Board of Directors and Management of Riot are pleased the SEC has concluded its investigation without recommending any enforcement action,” Riot Blockchain said in an SEC filing. “Riot remains focused on the cryptocurrency sector with the goal of creating added shareholder value.” On April 9, 2018, the company received a subpoena from the SEC requesting “certain information.” The subpoena came after the company experienced erratic swings in its stock price and converted from a medical equipment company, according to previous Denver Business Journal reporting.
The Zacks Analyst Blog Highlights: Riot Blockchain, DocuSign, iClick Interactive Asia, PFSweb and Liquidity Services
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces a production update for the month of March 2020.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces the purchase of 1,000 next generation Bitmain S19 (110 TH) Pro Antminers for USD $2.4 million from BitmainTech PTE. LTD. ("Bitmain"). This purchase is another step in the Company's recent strategic initiatives and was funded from Riot's available cash on hand.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, reported financial results for the first quarter ended March 31, 2020. The financial statements are available on Riot's website and here.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, has executed a co-location mining services contract with Coinmint, LLC ("Coinmint"), operator of one of the largest digital currency data centers in North America.
Looking into the current session, Riot Blockchain Inc. (NASDAQ: RIOT) shares are trading at $1.72, after a 11.7% increase. Moreover, over the past month, the stock increased by 70.30%, but in the past year, decreased by 61.35%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently trading above from its 52 week low by 236.59%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with application software, and capitalize on the lower share price observed over the year.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Compared to the aggregate P/E ratio of the 4.71 in the application software industry, Riot Blockchain has a lower P/E ratio of 0.0. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * 16 Technology Stocks Moving In Wednesday's Pre-Market Session * 11 Technology Stocks Moving In Tuesday's Pre-Market Session * 12 Technology Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, has issued a production update for the month of February 2020.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces its production update for the month of April 2020.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), a cryptocurrency miner that focuses on bitcoin, has appointed Gateway Investor Relations, a leading strategic financial communications and capital markets advisory firm, to provide investor relations and consulting services to the company.
Michael Sonnenshein, Managing Director at Grayscale Investments, joined Yahoo Finance's Myles Udland, Dan Roberts, and Melody Hahm to discuss Bitcoin's third halving and with it means for investors.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, received a written notification from the Division of Enforcement of the Securities and Exchange Commission (the "SEC") on January 29, 2020. According to the letter, the SEC has concluded its investigation of Riot, which was originally announced on April 9, 2018, and based on the information the SEC has as of the date of the letter, it does not intend to recommend an enforcement action against Riot, with respect to the matters investigated by the SEC.
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the "Company"), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces the purchase of an additional 1,040 next generation Bitmain S19 (95 TH) Antminers for USD $1.9 million from BitmainTech PTE. LTD. ("Bitmain").