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Riot Blockchain, Inc. (RIOT)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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28.28-1.16 (-3.94%)
At close: 4:00PM EDT
28.28 0.00 (0.00%)
After hours: 07:59PM EDT
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  • J
    Jason
    BTC at 66k puts RIOT's post-dilution cash balance sheet, along with the approx 250 mined BTC, over or almost at $1B. $262 million for the 3,984 BTC probably by the end of October with a 2.5 EH/s rate, $600 million from the shelf raise and close to $150 million previously on the books.

    When you add R/E and value of their mining fleet, Book Value of RIOT shares (assuming a 130 million total outstanding share count) should be near $11 / share.

    MARA is trading around 8X book right now.

    With the immersion cooling at scale that they announced yesterday, forward P/E alone should move the SP higher, let alone the book value calculations above.

    All we need today after the bell or tomorrow in pre-market is the announcement from the company stating that the shelf is complete. This should be trading in the $40s to $50s.
  • C
    Cherry
    the consensus EPS estimate for the quarter has been revised 29% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. With the help of an expert trader Mr Michael Kirk, I have been earning consistent profits following his guidance on the market. I would recommend you join trading and reach him +1 (267) 396‑5304 via whats>app for more enquiries
  • S
    Sean #3
    $HIVE.V conversation
    BTC was at $62.7 at 4pm close, if we still are at the current level or rise above that all hell will break out in a good way. (8:30 AM we will see or usual pull back like clock work).

    End of the day the expectations of 100K BTC by year end and 70K November are in reach. Stay long and strong.

    Go $HUT, $HIVE, $MARA, $RIOT
    Bullish
  • J
    Jason
    If pre-market holds(30.80+), only shorts that entered at the top yesterday or on September 10th are in a position of profit. Any other new short position or new short lots opened between now and then has lost money.

    If management offers details on the shelf raise (nearing completion or completed in its entirety) in their opening remarks on the shareholder meeting, then I would expect a larger pre-market move as we get back to FMV on the multiple of book value.

    There is also an insanely large open interest at the $40 strike next week.

    Things could heat up quickly.
  • v
    vegastopdog
    I am very familiar with liquid Immersion-Cooled computing from IBM and other computer companies who first introduced it in the early 1980s as a way to enhance the speed of their high performance computers. It works very well. If RIOT is using it to operate with ASIC chip technology, then they could purchase Nvidia ASIC chips in the future. This could prove very interesting going forward. I am not sure many people understand this potential advantage and game changer. The ASIC boards will operate faster and last much longer. Just my opinion but this looks very promising.
    Bullish
  • A
    Avelina
    Bentley W12 Update: #Bitcoin Smashes Thru All-Time High Resistance & Explodes To The $66K Range! $BTC [Video Update] Link >> https://youtu.be/7qlitpzo3M4

    *Follows, Comments & Likes on #YouTube are Appreciated!
    Visit Our Website & Sign Up for our FREE Email Newsletter @ https://www.BullishCharts.com * We Are Also On Several Social Media Networks: #Telegram | https:/...
    Visit Our Website & Sign Up for our FREE Email Newsletter @ https://www.BullishCharts.com * We Are Also On Several Social Media Networks: #Telegram | https:/...
    www.youtube.com
    Bullish
  • O
    Ordman
    RIOT can't even break its opening price with BTC at 63.3K. I just want my money back but this is so undervalued I can't sell at a loss.
  • J
    Joel
    Patience folks, BTC is setting for another, greater new ATH. Riot will follow.
    Bullish
  • J
    Jason
    Assuming the ER date is announced next week, there should be a little pop in RIOT as some shorts are not going to want to risk holding through an ER that could both beat street expectations as well as offer news that the shelf offering is over.

    Need BTC to help us out and find support then start trending back towards ATHs again.
    Bullish
  • C
    Cameron
    I'm buying some long term calls on RIOT. With the hashrate increase and an upcoming breakout of bitcoin, I just can't see the value of this stock not going up over the next 3 months. Hard to justify the IV value in MARA over this stock.
    Bullish
  • M
    Matthew
    Riot Announces First Industrial-Scale Immersion-Cooled Bitcoin Mining Operation. Announced on Riot’s press release page Oct 19, 9am
  • v
    vegastopdog
    Here is the primary content of the Shelf offer for $600M...
    We have entered into a Sales Agreement, dated as of August 31, 2021 (the “sales agreement”), with Cantor Fitzgerald & Co., B. Riley FBR, Inc., BTIG, LLC, Compass Point Research & Trading, LLC and Roth Capital Partners, LLC (collectively, the “sales agents”), under which we may offer and sell from time to time shares of our common stock, no par value per share, having an aggregate initial offering price of up to $600,000,000 through the sales agents pursuant to this prospectus.

    Our common stock is traded on the Nasdaq Capital Market stock exchange under the symbol “RIOT.” On August 27, 2021, the sales price of our common stock was $38.57 per share, as reported on the Nasdaq Capital Market at the end of day or market close.

    Under the sales agreement, we will deliver placement notices to the sales agents designating the maximum amount and the minimum price per share of our common stock to be offered. However, subject to the terms and conditions of the sales agreement, the sales agents are not required to sell any specific number or dollar amount of our common stock but will act as a sales agent using their commercially reasonable efforts consistent with their normal sales and trading practices, on mutually agreed terms between us and the sales agents. We may also instruct the sales agents not to sell any common stock if the sales cannot be effected at or above the price designated in the applicable placement notice. We or any sales agent, with respect to itself only, may suspend the offering of our common stock by notifying the other party. Settlement of any sales of common stock will occur through the facilities of The Depository Trust Company on the second business day following the date on which such sales were made (or such earlier day as is industry practice for regular-way trading). There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

    Securities Being Offered: Shares of our common stock, no par value per share, having an aggregate initial offering price of up to $600,000,000.

    Number of Shares Outstanding Prior to this Offering(1): 95,948,232
    Number of Shares Outstanding After this Offering(2): 111,504,363(3)
    (3): (Assumes sales of shares of our common stock in the total aggregate amount of $600,000,000 at a price of $38.57, the reported sales price of shares of our common stock on The Nasdaq Capital Market on August 27, 2021. The actual number of shares issued will vary depending on the actual price at which the shares are sold under this offering.)

    I do not believe they will offer these shares until their stock price reaches $38.57 or higher unless absolutely necessary. They will probably wait to see how their stock performs after they report Q3 results on 11/8 or 11/9.
    Bullish
  • D
    Derek
    bitcoin testing new highs soon. RIOT has much more to grow
    Bullish
  • C
    Capitalist
    Squeeze action tightening up.
    It is just the beginning value correction is only inevitable.
    Investor meeting tomorrow-
    And earnings right around the corner.
    Bullish
  • D
    David
    earnings on the 8th will be great mara has blackrock and fidelity we need a big player like mara has
  • O
    Ordman
    Down 7% on a BTC pullback of 5%, show some strength already! Extremely undervalued at >60K BTC. 30 Million a month mining at 70% margins. That is over 60M EBITDA a QTR or a forward PE of about 12! Why Sell???
  • R
    Raymond
    Riot Blockchain, Inc. (NASDAQ: RIOT) announced on October 19th, the development of 200 megawatts ("MW") of immersion-cooling technology at its Whinstone facility ("Whinstone"), which to the Company's knowledge is the Bitcoin mining industry's first industrial-scale immersion-cooled deployment of Bitcoin mining hardware ("miner(s)", "ASIC" or "ASICs"). "After months of research and development, utilizing partnerships across industries, Riot is proud to be a pioneer in the use of cutting-edge immersion-cooling technology at an unprecedented scale," said Jason Les, CEO of Riot. "By leveraging technology, industry-leading low power costs, and economies of scale, Riot intends to continue driving operating and capital efficiencies for its self-mining business and its institutional clients. Due to these efficiencies, we anticipate observing an increase in the Company's hash rate and productivity through 2022, without having to rely solely on purchasing additional ASICs."
  • S
    Samuel
    Another week done and dusted. A healthy wee correction with bitcoin till the next pump and with earnings around the corner this is to good of an opportunity.
    Bullish
  • v
    vegastopdog
    I keep accumulating shares as RIOT should be at $39 right now to be at parity with MARA. I am factoring in an additional 21M shares to RIOT's total to factor in the $600M share issuance at some point which may already be happening. So it seems to me they are still taking an unfair hit for this offering. We should see the catch up soon. I have just shifted some of my MARA shares here.
    Bullish
  • B
    Bring It On!
    I hear that BTC price is rising this morning because rumour has it that the new ETF(s) will be approved and will be able to own BTC futures, and any ETF can own RIOT, MARA, CAN, BTBT and CLSK in their portfolios to get BTC exposure. Just waiting for big jump days for RIOT like in Feb. 2021 to $79.50 maybe this time to 69.50? due to some dilution? but then again BTC price is rising which can offset RIOTS dilution in the past few months, so it can go over $79.50 IMO.

    Cheers,

    C
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