Riot Blockchain Inc
NASDAQ:RIOT

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Riot Blockchain Inc
NASDAQ:RIOT
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Price: 11.55 USD 3.22% Market Closed
Market Cap: 3.8B USD
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Riot Blockchain Inc
Other Non-Cash Items

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Riot Blockchain Inc
Other Non-Cash Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Other Non-Cash Items CAGR 3Y CAGR 5Y CAGR 10Y
Riot Blockchain Inc
NASDAQ:RIOT
Other Non-Cash Items
-$405.6m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Salesforce Inc
NYSE:CRM
Other Non-Cash Items
$5.4B
CAGR 3-Years
31%
CAGR 5-Years
21%
CAGR 10-Years
21%
Palantir Technologies Inc
NYSE:PLTR
Other Non-Cash Items
$460m
CAGR 3-Years
-29%
CAGR 5-Years
15%
CAGR 10-Years
N/A
Applovin Corp
NASDAQ:APP
Other Non-Cash Items
$424.5m
CAGR 3-Years
38%
CAGR 5-Years
0%
CAGR 10-Years
N/A
Intuit Inc
NASDAQ:INTU
Other Non-Cash Items
$2.2B
CAGR 3-Years
32%
CAGR 5-Years
37%
CAGR 10-Years
25%
Adobe Inc
NASDAQ:ADBE
Other Non-Cash Items
$403m
CAGR 3-Years
-29%
CAGR 5-Years
-12%
CAGR 10-Years
2%
No Stocks Found

Riot Blockchain Inc
Glance View

Market Cap
3.7B USD
Industry
Technology

Riot Blockchain Inc., initially known as a biotechnology firm, transformed itself into one of the dominant players in the burgeoning landscape of cryptocurrency mining. Its pivot to blockchain technology in the late 2010s marked a strategic maneuver that aligned with the explosive growth and mainstream curiosity regarding Bitcoin and other cryptocurrencies. The company strategically acquired mining hardware and invested in infrastructure, establishing extensive mining operations which enabled them to generate revenue by earning transaction fees and rewards for validating transactions and adding them to the blockchain. This shift was well-timed, leveraging favorable market conditions and fortifying its position as a major player in North America's cryptocurrency mining sector. Located predominantly in the United States, a considerable part of Riot Blockchain's operation is driven by its expansive data centers that host high-performance mining equipment. These facilities are an embodiment of Riot's commitment to efficiency and scale, harnessing low energy costs and advanced technology to maintain profitable margins. By utilizing such infrastructure, Riot Blockchain benefits from economies of scale, optimizing their operations to stay competitive in the ever-evolving crypto market. This strategic positioning allows Riot Blockchain to capitalize on fluctuating Bitcoin prices, ensuring a continuous flow of revenue by mining cryptocurrencies even as market dynamics shift. As issues of legality and energy consumption hover over the crypto industry, Riot remains poised, continuously refining its operational strategies to manage risks while exploring opportunities in an innovative yet volatile market.

RIOT Intrinsic Value
11.87 USD
Undervaluation 3%
Intrinsic Value
Price

See Also

What is Riot Blockchain Inc's Other Non-Cash Items?
Other Non-Cash Items
-405.6m USD

Based on the financial report for Sep 30, 2024, Riot Blockchain Inc's Other Non-Cash Items amounts to -405.6m USD.

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