RiotPlatforms
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🚨🚨 #RiotPlatforms 🚨🚨
❓ Question:
🤔💰 How did Riot Platforms perform financially in 2024? 📊🚀
🔹 Key Points:
📈 Record Annual Revenue: Riot Platforms reported a total revenue of $376.7 million 💵 for 2024, marking a 34.2% increase 📊 compared to 2023. 🚀💰
💎 Massive Profit Turnaround: The company achieved a net income of $109.4 million 🏆, bouncing back from a net loss of $49.4 million ❌💸 in 2023.
📊 Third Quarter Performance:
💲 Revenue: $84.8 million, with $67.5 million from Bitcoin mining 🏗️🖥️.
📉 Net Loss: $(154.4) million ❌, impacted by reduced power credits ⚡ and rising costs 💡.
🔗 More details here.
⚡ Hash Rate Expansion: Riot’s self-mining hash rate surged to 28 EH/s 🚀, a 159% increase from last year! 🔥💻
📉 Revised Projections: Due to delays ⏳, the year-end hash rate target was adjusted to 34.9 EH/s 📉 (down from 36.3 EH/s 📊).
📉 Stock Performance: As of February 25, 2025, Riot's stock (RIOT) is trading at $9.99 📉, reflecting a 4.59% drop 📉📉.
❓ Question:
🤔💰 How did Riot Platforms perform financially in 2024? 📊🚀
🔹 Key Points:
📈 Record Annual Revenue: Riot Platforms reported a total revenue of $376.7 million 💵 for 2024, marking a 34.2% increase 📊 compared to 2023. 🚀💰
💎 Massive Profit Turnaround: The company achieved a net income of $109.4 million 🏆, bouncing back from a net loss of $49.4 million ❌💸 in 2023.
📊 Third Quarter Performance:
💲 Revenue: $84.8 million, with $67.5 million from Bitcoin mining 🏗️🖥️.
📉 Net Loss: $(154.4) million ❌, impacted by reduced power credits ⚡ and rising costs 💡.
🔗 More details here.
⚡ Hash Rate Expansion: Riot’s self-mining hash rate surged to 28 EH/s 🚀, a 159% increase from last year! 🔥💻
📉 Revised Projections: Due to delays ⏳, the year-end hash rate target was adjusted to 34.9 EH/s 📉 (down from 36.3 EH/s 📊).
📉 Stock Performance: As of February 25, 2025, Riot's stock (RIOT) is trading at $9.99 📉, reflecting a 4.59% drop 📉📉.
Riot Platforms Reports Record $376.7 Million Revenue in 2024 Amid Strategic Expansion
Riot Platforms, a leading Bitcoin mining company, has announced its financial results for the year ending December 31, 2024. The company achieved a record revenue of $376.7 million, a significant increase from $280.7 million in 2023. Net income also saw a substantial rise, reaching $109.4 million, a notable turnaround from the $49.4 million net loss reported in the previous year. This impressive performance is particularly noteworthy given the Bitcoin network's 'halving' event in April 2024 and a 67% increase in the global hash rate over the year.
In 2024, Riot produced 4,828 bitcoins $BTC at an average direct cost of $32,216 per coin. The company's unique power strategy resulted in an all-in cost of power of 3.4 cents per kilowatt-hour across all facilities. Strategic initiatives, including the energization of the Corsicana Facility and acquisitions of Block Mining and E4A Solutions, have bolstered Riot's operational capacity. Additionally, the company raised $579 million through a convertible senior notes offering in December 2024, utilizing the proceeds to acquire an additional 5,784 bitcoins. This brought Riot's total holdings to 17,722 bitcoins by year-end, a 141% increase over the prior year.
Looking ahead, Riot is exploring opportunities in the Artificial Intelligence and High-Performance Computing sectors for its power assets at the Corsicana Facility. With one gigawatt of overall capacity, including 600 megawatts of unutilized power, the company is engaging with potential partners to maximize the value of its assets. This strategic focus aims to position Riot at the forefront of technological advancements and operational efficiency in the evolving digital landscape.
What are your thoughts on Riot Platforms' strategic expansion into AI and High-Performance Computing sectors?
Source: Riot Platforms
#RiotPlatforms #TraderProfile #SBF1stTweetIn2Yrs #MarketPullback #BTCDipOrRebound
In 2024, Riot produced 4,828 bitcoins $BTC at an average direct cost of $32,216 per coin. The company's unique power strategy resulted in an all-in cost of power of 3.4 cents per kilowatt-hour across all facilities. Strategic initiatives, including the energization of the Corsicana Facility and acquisitions of Block Mining and E4A Solutions, have bolstered Riot's operational capacity. Additionally, the company raised $579 million through a convertible senior notes offering in December 2024, utilizing the proceeds to acquire an additional 5,784 bitcoins. This brought Riot's total holdings to 17,722 bitcoins by year-end, a 141% increase over the prior year.
Looking ahead, Riot is exploring opportunities in the Artificial Intelligence and High-Performance Computing sectors for its power assets at the Corsicana Facility. With one gigawatt of overall capacity, including 600 megawatts of unutilized power, the company is engaging with potential partners to maximize the value of its assets. This strategic focus aims to position Riot at the forefront of technological advancements and operational efficiency in the evolving digital landscape.
What are your thoughts on Riot Platforms' strategic expansion into AI and High-Performance Computing sectors?
Source: Riot Platforms
#RiotPlatforms #TraderProfile #SBF1stTweetIn2Yrs #MarketPullback #BTCDipOrRebound
#VVVonBinance
Riot Platforms Faces Dual Pressure from Activist Shareholders and Shifting Market Trends 🚨
🚨 Riot Platforms Under Pressure from Activist Shareholders 🚨
Riot Platforms is back in the limelight, as D.E. Shaw, a prominent investment firm managing $70 billion, has reportedly acquired a stake in the Bitcoin mining company. This follows a push from activist investor Starboard Value last year, urging Riot to make strategic changes.
📊 D.E. Shaw, known for its analytical and discreet approach, could push for significant changes within Riot, potentially altering its Bitcoin mining operations. With the growing demand for AI-driven data centers, could this be the next growth area for Riot?
💡 Riot has already revealed plans to explore the possibility of reallocating over 600 MW of power from its Corsicana, Texas facility to support AI and high-performance computing, adapting to the challenges posed by increasing mining difficulty.
🔍 Despite recent gains, Riot's stock has experienced a nearly 3% decline over the past year. Will the company be able to adapt to these mounting pressures?
👀 Stay tuned as this story unfolds!
#Crypto #Bitcoin #RiotPlatforms #AI
Riot Platforms Faces Dual Pressure from Activist Shareholders and Shifting Market Trends 🚨
🚨 Riot Platforms Under Pressure from Activist Shareholders 🚨
Riot Platforms is back in the limelight, as D.E. Shaw, a prominent investment firm managing $70 billion, has reportedly acquired a stake in the Bitcoin mining company. This follows a push from activist investor Starboard Value last year, urging Riot to make strategic changes.
📊 D.E. Shaw, known for its analytical and discreet approach, could push for significant changes within Riot, potentially altering its Bitcoin mining operations. With the growing demand for AI-driven data centers, could this be the next growth area for Riot?
💡 Riot has already revealed plans to explore the possibility of reallocating over 600 MW of power from its Corsicana, Texas facility to support AI and high-performance computing, adapting to the challenges posed by increasing mining difficulty.
🔍 Despite recent gains, Riot's stock has experienced a nearly 3% decline over the past year. Will the company be able to adapt to these mounting pressures?
👀 Stay tuned as this story unfolds!
#Crypto #Bitcoin #RiotPlatforms #AI
📣 #Riot Platforms Follows #MicroStrategy with a $500 Million #Bitcoin Funding Plan!
#RiotPlatforms is making waves in the #crypto world by unveiling a massive $500 million Bitcoin financing initiative, echoing MicroStrategy's bold strategy.
👀 Is this the start of a new institutional Bitcoin accumulation race?
👉 Stay tuned for updates on this game-changing development!
#RiotPlatforms is making waves in the #crypto world by unveiling a massive $500 million Bitcoin financing initiative, echoing MicroStrategy's bold strategy.
👀 Is this the start of a new institutional Bitcoin accumulation race?
👉 Stay tuned for updates on this game-changing development!
JUST IN: #RiotPlatforms raised $594M through a 0.75% convertible bond issue, using proceeds to acquire 667 $BTC at an average price of $101,135.
Riot now holds 17,429 BTC, valued at $1.8B.
Riot now holds 17,429 BTC, valued at $1.8B.
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Overview of Important Overnight Developments on December 14
21:00-7:00 Hot Keywords: #OpenAI , #Vitalik , #RiotPlatforms
1. Proposal from Japanese lawmakers: Suggest establishing a national Bitcoin reserve to promote the upgrade of digital currency strategy;
2. Bit Global lawsuit: Initiated legal action against Coinbase for delisting WBTC;
3. OpenAI founder: According to foreign media reports, will donate $1 million to Trump's inauguration fund;
4. Vitalik and Tencent AI: Showcased AI videos created using Tencent's Hunyuan large model, receiving high praise;
5. Riot Platforms' big move: Acquired 5,117 Bitcoins for $510 million, continuing to expand mining operations;
6. VanEck releases forecast: Outlook for the top 10 crypto trends in 2025, predicts the U.S. will embrace Bitcoin through strategic reserves;
7. French Hill's statement: Will introduce a comprehensive crypto market structure bill within 100 days before the legislative meeting;
8. U.S. House of Representatives pending: Intense competition for the chair position of the digital assets subcommittee, with multiple candidates emerging.
21:00-7:00 Hot Keywords: #OpenAI , #Vitalik , #RiotPlatforms
1. Proposal from Japanese lawmakers: Suggest establishing a national Bitcoin reserve to promote the upgrade of digital currency strategy;
2. Bit Global lawsuit: Initiated legal action against Coinbase for delisting WBTC;
3. OpenAI founder: According to foreign media reports, will donate $1 million to Trump's inauguration fund;
4. Vitalik and Tencent AI: Showcased AI videos created using Tencent's Hunyuan large model, receiving high praise;
5. Riot Platforms' big move: Acquired 5,117 Bitcoins for $510 million, continuing to expand mining operations;
6. VanEck releases forecast: Outlook for the top 10 crypto trends in 2025, predicts the U.S. will embrace Bitcoin through strategic reserves;
7. French Hill's statement: Will introduce a comprehensive crypto market structure bill within 100 days before the legislative meeting;
8. U.S. House of Representatives pending: Intense competition for the chair position of the digital assets subcommittee, with multiple candidates emerging.
📈 In the last 24 hours: MicroStrategy, Metaplanet, Riot Platforms, and Semler Scientific collectively stacked 16,352 $BTC —cementing #bitcoin☀️ as their premier corporate treasury asset.
#BTC☀ #MicroStrategy #metaplanet #RiotPlatforms
#BTC☀ #MicroStrategy #metaplanet #RiotPlatforms
⛏ Seven in ten publicly traded bitcoin (BTC) mining companies are enjoying a strong start to 2025, with Riot Platforms leading the pack in terms of percentage gains among the top ten firms by market cap
#ShareYourTrade #BTC #btcupdates #RiotPlatforms #MarketImpact
#ShareYourTrade #BTC #btcupdates #RiotPlatforms #MarketImpact
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💰 Riot Platforms (@RiotPlatforms) just bought 705 $BTC ($68.45M)! It seems that Bitcoin is delicious again! 🍔
It turns out that they planned to issue $500 million in convertible senior notes before. Why? Of course, it was for crazy shopping! 💸
Riot: I want all Bitcoin! 🐂
👉 https://intel.arkm.com/explorer/entity/riot-platforms
#币圈动态 #比特币 #RiotPlatforms #链圈热点 #财富密码
It turns out that they planned to issue $500 million in convertible senior notes before. Why? Of course, it was for crazy shopping! 💸
Riot: I want all Bitcoin! 🐂
👉 https://intel.arkm.com/explorer/entity/riot-platforms
#币圈动态 #比特币 #RiotPlatforms #链圈热点 #财富密码
$BTC $ETH $XRP Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. At the market opening on Dec. 9, the miner stock dropped by 7.1% to $12.03, reflecting a broader decline in crypto-related equities such as Coinbase, Marathon Digital, and CleanSpark, as reported by Yahoo Finance. #RiotPlatforms #RIOT
💸 #Lookonchain : On-chain data reveals that Riot Platforms has purchased 705 $BTC ($68.45M) within the last 3 hours.
On Dec 9, Riot announced a private offering of $500 million in convertible senior notes, primarily aimed at #Bitcoin❗ acquisitions and general corporate purposes.
#RiotPlatforms #Mining
On Dec 9, Riot announced a private offering of $500 million in convertible senior notes, primarily aimed at #Bitcoin❗ acquisitions and general corporate purposes.
#RiotPlatforms #Mining
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🚀 Riot Platforms shares are surging after an activist investor pushed the Bitcoin miner to diversify into hyperscalers, according to the WSJ, a strategy that could transform the crypto mining industry. #Bitcoin #RiotPlatforms #Crypto #Innovation
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