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RIOT

Riot Blockchain Inc NASDAQ Capital Market
$40.5
Open: $50.27 High: $50.69 Low: $34.25 Close: $40.5
Range: 2021-03-04 - 2021-03-05
Volume: 47,952,520
Market: Closed
Powered by Finage Stock APIDelayed data
RIOT
Riot Blockchain Inc 202 6th Street Castle Rock CO, 80104 http://www.riotblockchain.com
Riot Blockchain Inc is a strategic investor and operator in the blockchain ecosystem with focus on the bitcoin and ethereum blockchains.
  • CEO: Christopher Ensey
  • Employees: 9
  • Sector: Financial Services
  • Industry: Brokers & Exchanges
RIOT News
Latest news about the RIOT
  • 1 Question I'm Trying to Answer About Riot Blockchain

    As Bitcoin (CRYPTO: BTC) hovers around $50,000 and news stories circulate about the millionaires it has created, it's hard not to experience the fear of missing out. Through the years, the company has transformed from its 2002 IPO as AspenBio Pharma, when management expected to market an antigen pregnancy test for bovines, to human diagnostics, calling the company Venaxis, and then Bioptix, after an acquisition. In late 2017, the company would pivot to crypotocurrency, changing the name to Riot Blockchain.

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  • 5 Stocks That Turned $100,000 Into $3 Million (or More) in 1 Year

    The market's top-performing stocks over the trailing 12 months have risen between 3,000% and 5,600%.

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  • Riot Blockchain, Inc. (RIOT) Gains As Market Dips: What You Should Know

    In the latest trading session, Riot Blockchain, Inc. (RIOT) closed at $49.57, marking a +0.96% move from the previous day.

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  • Has Riot Blockchain (RIOT) Outpaced Other Business Services Stocks This Year?

    Is (RIOT) Outperforming Other Business Services Stocks This Year?

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  • 5 Best-Performing Stocks of the Top ETF of February

    Amplify Transformational Data Sharing ETF (BLOK) topped the list of the best-performing ETFs in February with impressive returns of about 31.8%.

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  • 3 Bitcoin Stocks That Could Crash 31% to 66%, According to Wall Street

    For months, the hottest investment on Wall Street has been an asset you won't even find on Wall Street: Bitcoin (CRYPTO: BTC). This past Friday, Feb. 19, Bitcoin surged above $56,000 per token, pushing its market cap to north of $1 trillion for the first time. Meanwhile, Bitcoin is up 777% over the same time frame.

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  • 7 Ultra-Popular Stocks I Wouldn't Buy With Free Money

    In 2021, it's been retail investors who have disrupted the stock market. Short-term-focused and emotion-based traders on Reddit's WallStreetBets chat room, along with an army of Robinhood retail investors, have descended on dozens of heavily short-sold companies or penny stocks in an effort to send their share prices skyrocketing. No marijuana stock is flashing more warning signals at the moment than Canadian licensed producer Sundial Growers (NASDAQ: SNDL).

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  • Riot Blockchain, Inc.'s (NASDAQ:RIOT) Has Found A Path To Profitability

    With the business potentially at an important milestone, we thought we'd take a closer look at Riot Blockchain, Inc.'s...

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  • Riot Blockchain, Canaan, and The9 Stock All Soared Today as Bitcoin Becomes $1 Trillion Asset

    Bitcoin (CRYPTO: BTC) reached an unprecedented milestone for a cryptocurrency on Friday morning. According to Coinbase, Bitcoin is up around 5% over the past 24 hours, hitting all-time highs above $54,300.

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  • Bitcoin Prices Tease $50,000 As More Wall Street Banks Drawn In

    Bitcoin prices were back below $50,000 Tuesday after topping that milestone for the first time amid more mainstream acceptance.

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  • Bitcoin Is Going to Crash. The Big Question Is When

    The blowout rally in Bitcoin (CCC:BTC-USD) continues. As I write this, the best-known and most-valuable cryptocurrency trades above $47,000, down modestly from an all-time high set on Thursday morning. Source: Shutterstock Bitcoin now has roughly tripled since November, and rallied more than 50% this year. And the optimism makes some sense. Notably, corporations are increasingly comfortable with adopting Bitcoin. BTC saw a big catalyst this week when Tesla (NASDAQ:TSLA) said it would buy $1.5 billion of the crypto. The electric vehicle giant follows earlier adopters like MicroStrategy (NASDAQ:MSTR) and payment companies Square (NYSE:SQ) and PayPal (NASDAQ:PYPL).InvestorPlace - Stock Market News, Stock Advice & Trading Tips The run over the last four months continues what has been an incredible rally. Bitcoin only launched in 2009. It cleared $1 (yes, one dollar) for the first time almost exactly a decade ago. Give or take, BTC has appreciated 4,700,000% in ten years. There have been few assets in the history of mankind to show that kind of appreciation. Simply put, Bitcoin has created millionaires. But the rally hasn’t been without volatility. In fact, volatility and crashes both have been a key part of the Bitcoin experience. Many of those crashes started in environments similar to this one: when all seemed well, and further upside appeared almost guaranteed. That history suggests another reversal is almost certain to occur. That doesn’t mean investors need to rush to sell their BTC immediately, but at the least they should be on their guard. The History of Bitcoin Crashes For skeptics (and I remain one of them), early 2021 looks an awful lot like late 2017. 9 Meme Stocks That Social Media Won't Shut Up About At that time, Bitcoin similarly was soaring. Bitcoin cleared $1,000 on New Year’s Day 2017. By December, it was over $18,000. $20,000 and beyond seemed guaranteed. Cryptos of all kinds were rallying. Initial coin offerings were all the rage. But as good as 2017 was, 2018 was nearly as bad. In U.S. dollars, Bitcoin had been halved by February. By the end of 2018, it was back below $4,000. As an article at the time noted, the 2018 decline was not the first huge drawdown the cryptocurrency had seen. Not even close. In 2012, BTC dropped 49% twice, with one of the declines a three-day, 57% punishment. Another three-day period the following year saw an incredible 83% plunge. On Nov. 19, 2013, BTC lost half its value. Later that month, it began a stretch of over a year in which it went from $1,163 to just $152.40. Even in 2017, a banner year, Bitcoin fell 30% or more five different times. And then there was the roughly 80% plunge that began toward the end of that year. Admittedly, of late the volatility has eased somewhat relative to early trading. Wider adoption and a larger investor base should continue that moderation going forward. Still, we’ve seen this before. Bitcoin can move north in a hurry, but it also can move, and has moved, south at roughly the same pace. Three Catalysts And there are a pair of catalysts that could trigger another decline in 2021. The first is simply the parabolic gains not just in BTC, but across asset classes. We’ve seen a number of stocks go crazy. That doesn’t just include miners like Riot Blockchain (NASDAQ:RIOT) and Marathon Patent (NASDAQ:MARA). It even goes beyond the so-called “Reddit stocks” like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC). Commodities have taken off. Even in cryptos, DogeCoin, which started as a joke, now has a market capitalization of $9 billion. There are going to be crashes elsewhere, whether in cryptos, stocks, or commodities. And those crashes may well read across to Bitcoin. Surely there is cross-ownership between Bitcoin and other ‘hot’ assets. Those owners that see losses elsewhere are likely to de-risk by converting BTC to USD. There’s also the regulatory environment. Treasury Secretary Janet Yellen has repeatedly and publicly raised concerns about cryptocurrencies including Bitcoin. Certainly, Yellen can’t ban BTC trading and send its value to zero. But she can impact potentially bullish catalysts, like the long-awaited launch of an exchange-traded fund (which would need to be approved by the U.S. Securities and Exchange Commission). Finally, there’s the possibility that Bitcoin itself simply has run too far. It stands to reason that at least some of the incremental buyers since December are not diehard crypto adherents, who believe Bitcoin can disintermediate large financial institutions. They’re just joining in the fun. In modern trader parlance, there may be some “weak hands” that have jumped on board. They’re not necessarily the type to ride out volatility longer-term. The Case for Staying It bears repeating: these risks don’t mean an investor needs to rush to cash in their Bitcoin. In fact, for a couple of reasons, an investor can believe that both a) Bitcoin will crash again and b) Bitcoin still is worth owning right now. First, the crash may still be a long ways off — and more upside may follow. An analyst could have correctly predicted in early 2017 that BTC was going to crash within a year. A trader who listened to that advice still would have missed out on gains of at least 200%-plus. This rally doesn’t have to end immediately. Second, there’s a case that trying to time the crash (assuming it arrives) is a fool’s errand. Timing the stock market is a notoriously impossible strategy. Bitcoin’s history suggests it isn’t any different. Long-term bulls on Bitcoin (or any other cryptocurrency) can reasonably argue that immense volatility simply is a fact of life, at least for now. But if the long-term bull case plays out, the ability to ride out that immense volatility will pay off, even if there’s some short-term pain along the way. Neither is an unreasonable argument. But crypto holders need to at least understand that we’ve been here before. Short-term bursts of optimism like we’re seeing now almost always are followed by a reversal. I don’t believe this time will be any different, though it remains to be seen how steep that reversal is, and from what point it begins. On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post Bitcoin Is Going to Crash. The Big Question Is When appeared first on InvestorPlace.

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  • 3 Crypto Stocks and How to Play Them Right Now

    Cryptocurrencies continue to be a red-hot with Wall Street in 2021, along with the occasional bout of less triumphant, stomach-churning volatility. But in a market also made up of stocks, three Nasdaq-listed crypto plays are offering investors risk-adjusted exposure that’s more secure both off and on the price chart. Let me explain. Both Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) have been roiled by policy makers’ rumblings. It’s been a couple weeks since Treasury Secretary Janet Yellen hinted strongly at the U.S. government’s interest in ‘curtailing’ the crypto market given the decentralized digital currencies’ ties to bad actors and their illicit wheeling and dealings. The warning sent digital currencies tumbling into bear markets. And don’t think for a second that regulatory risks will disappear. More important, the crypto market and its tethered blockchain technology are seeing explosive growth and acceptance as an incredibly important tool for business.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Already Bitcoin is nearing $1 trillion in valuation. Then there are Square (NYSE:SQ), JPMorgan Chase (NYSE:JPM) and PayPal (NASDAQ:PYPL). Those titans of finance are some of today’s early large cap adopters of the crypto market. Don’t bet against the house, right? They’re not alone either. 9 Meme Stocks That Social Media Won't Shut Up About Last week EV giant Tesla (NASDAQ:TSLA) announced a purchase of $1.5 billion in Bitcoin and plans to accept the market’s biggest digital currency for payment. At the same time Mastercard (NYSE:MA) and Bank of New York Mellon (NYSE:BK) announced they’ll begin allowing various financial transactions in select crypto coins. Digital Currency Plays Offering Smarter Strategies The writing appears to be on the wall. Even in the face of stricter future oversight, digital currencies promise to continue providing very lucrative investment opportunities. A word to the wise before jumping in is warranted. As we’ve witnessed throughout crypto’s re-emergence to all-time-highs, investors still need to be prepared for wild price action which can induce second-guessing, run-for-the-exits sell orders at the expense of one’s trading account. But is there another way to participate with more defined exposure? Today, let’s examine three behind-the-scenes crypto stocks within this burgeoning market. Instead of just being wise to the challenges and potential failures ahead, these Nasdaq-listed digital currency plays are offering smarter money strategies which won’t extend or put the wallet at unnecessary and outsized risk. Bit Digital (NASDAQ:BTBT) Riot Blockchain (NASDAQ:RIOT) Canaan (NASDAQ:CAN) Crypto Stocks to Buy: Bit Digital (BTBT) Source: Charts by TradingView The first of our crypto stocks to buy are shares of Bit Digital. According to Yahoo Finance the company engages in Bitcoin mining and recently changed its name from Golden Bull to better reflect its business activities. Despite being a fairly new entrant into the space, New York-based BTBT is one of the largest Bitcoin mining companies listed on Nasdaq. To be fair, I’m always suspect of a company name change and business pivot of this kind. And being lured into a long stock position by year-over-year quarterly sales growth of around 64,000% isn’t a great idea. The fact is revenues for the latest period came in at $13 million compared to a valuation of nearly $850 million for this crypto. It’s steep. Bit Digital also remains in the red. Still, investors are buying in to the BTBT stock story in a big way and it looks worthy of calculated exposure. Technically, Bit Digital recently broke out of a massive corrective cup-shaped base to new all-time-highs to finish off 2020. To complement that bullish price action, in 2021 shares of this crypto have put together a well-supported test of the stock’s prior high. BTBT has pulled back near its 50% retracement level within a smaller corrective ‘V-shaped’ base. And coupled with a favorable bullish stochastics crossover, this crypto looks ready for buying into. Favored Strategy: May $25/$40 Bull Call Spread Riot Blockchain (RIOT) Source: Charts by TradingView Riot Blockchain is the next of our crypto stocks to buy. RIOT was one of the digital currency market’s more notorious listed stocks during the asset group’s 2017 – 2018 run-up and subsequent crash. And like BTBT, this diversified blockchain play seemingly came out of nowhere, pivoting and changing its corporate name. It was suspect to say the least. Today however, it’s time to let bygones be bygones. 8 Cheap Stocks Under $20 That Could Double Technically, this crypto stock has just taken out its own bubble high. Even a minor correction could cause RIOT stock investors to blink or more aptly, barf, given the stock’s underlying volatility. As much, playing for continued momentum while maintaining ironclad downside risk is the way to position. Favored Strategy: March $55/$65 Bull Call Spread Canaan (CAN) Source: Charts by TradingView Canaan is the last of our crypto stocks to buy. China-based CAN is the picks-and-shovels play of today’s stocks. The outfit manufacturers equipment used to mine Bitcoin. Canaan is also involved in the development of blockchain technology and, teasingly, the booming artificial intelligence and data center markets. Technically, CAN is gunning for a breakout to all-time-highs as shares muscle their way toward the high of a pattern lifetime cup-shaped base. With the stock jumping past the 76% retracement level and weekly stochastics signaling a bullish crossover in neutral territory, a bit of strategic exposure to this crypto looks ripe today. What could possibly go wrong? Let’s not find out. At the same time, investors might consider using CAN’s less desirable price volatility to their advantage by hedging a purchase of this crypto stock with a defined risk and highly flexible collar strategy. Favored Strategy: April $10/$20 Collar On the date of publication, Chris Tyler holds, directly or indirectly, positions in listed Bitcoin and Ethereum stocks (GBTC, ETHE and ETCG), but no other securities mentioned in this article. Chris Tyler is a former floor-based, derivatives market maker on the American and Pacific exchanges. The information offered is based on his professional experience but strictly intended for educational purposes only. Any use of this information is 100% the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post 3 Crypto Stocks and How to Play Them Right Now appeared first on InvestorPlace.

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  • Price Of Bitcoin Hits High As Two More Financial Giants Add Crypto Support

    Mastercard will support some cryptocurrencies on its network this year, and Bank of New York Mellon plans to transfer, store and issue the digital assets.

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  • Bitcoin Blasted Above $48,000 Today, Causing Bitcoin Stocks to Soar as Well

    The world's largest cryptocurrency by total value is Bitcoin (CRYPTO: BTC), and today that value is increasing even more. Earlier today the price per Bitcoin token briefly hit $48,000, and there were clear catalysts helping it get there. More and more, Bitcoin is becoming accepted by major companies, suggesting it is well on its way to mainstream adoption.

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  • Riot Blockchain, Inc. (RIOT) Upgraded to Buy: What Does It Mean for the Stock?

    Riot Blockchain, Inc. (RIOT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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  • Is Riot Blockchain (RIOT) Outperforming Other Business Services Stocks This Year?

    Is (RIOT) Outperforming Other Business Services Stocks This Year?

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  • Riot Blockchain Achieves Milestone of 1 EH/s in Hash Rate Capacity with Receipt and Deployment of 2,002 S19 Pro Antminers

    Castle Rock, CO, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain” or the “Company"), one of the few NASDAQ-listed bitcoin mining companies in the United States, announced that it will achieve an estimated hash rate capacity of 1.06 Exahash per second (“EH/s”) with the deployment of the newly received 2,002 S19 Pro Antminers. “Exceeding 1 EH/s in hash rate capacity marks a major milestone for the Company,” said Jason Les, CEO of Riot. “While we are proud of this accomplishment, we view it as the successful completion of just one of many steps of our ongoing growth plan. Riot continues to receive and deploy next-generation miners from Bitmain and remains on schedule to more than triple our currently deployed capacity by the fourth quarter of 2021.” The 2,002 S19 Pro Antminers were received in connection with the purchase order from Bitmain as previously disclosed in August 2020, with installation expected to be completed over the next week. With the deployment of these 2,002 S19 Pro Antminers, Riot will have a total of 11,542 Antminers in operation. Riot’s hash rate capacity will reach an estimated 1.06 EH/s, representing a nearly 26% increase over its prior operational hash rate capacity upon installation of the new miners. Riot has an additional 26,100 S19 Pro and S19j Antminers on order with Bitmain, which are scheduled for shipment each month through October 2021. Once fully deployed, the Company estimates it will have a total of 37,642 Bitmain Antminers in operation with an estimated aggregate bitcoin mining hash rate capacity of 3.8 EH/s. Based on recent shipments, Riot anticipates continued timely shipments in accordance with the Bitmain purchase orders. About Riot Blockchain Riot Blockchain (NASDAQ: RIOT) focuses on cryptocurrency mining of bitcoin. The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. Riot also holds certain non-controlling investments in blockchain technology companies. Riot is headquartered in Castle Rock, Colorado, and the Company’s mining facility operates out of upstate New York, under a co-location hosting agreement with Coinmint. For more information, visit www.RiotBlockchain.com. Safe Harbor The information provided in this press release may include forward-looking statements relating to future events or the future financial performance of the Company. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as "anticipates," “believes,” "plans," "expects," "intends," "will," "potential," "hope" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon current expectations of the Company and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties. Detailed information regarding factors that may cause actual results to differ materially from the results expressed or implied by statements in this press release relating to the Company may be found in the Company's periodic filings with the U.S. Securities and Exchange Commission (the “SEC”), including the factors described in the sections entitled "Risk Factors," copies of which may be obtained from the SEC's website at www.sec.gov. The Company does not undertake any obligation to update forward-looking statements contained in this press release. CONTACT: PR Contact Riot Blockchain, Inc. PR@riotblockchain.com Investor Contact Riot Blockchain, Inc. IR@riotblockchain.com

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