
Riot Blockchain (RIOT) Stock Forecast & Price Target
Riot Blockchain (RIOT) Analyst Ratings
Bulls say
Riot Platforms is a vertically integrated digital infrastructure company, with a majority of their revenue coming from bitcoin mining and a growing portfolio of HPC/AI leasing contracts. They have recently secured a 20-year lease with a leading frontier AI lab for 191MW of critical IT at their Rockdale facility, which represents ~$9.1 billion of contracted revenue over the initial term and annual NOI of $365-411 million at full deployment. With additional contracts and options in place, Riot is positioned to continue their growth in the HPC/AI space.
Bears say
Riot Platforms is experiencing strong growth in its Engineering segment, with a beat in Q2 revenue driven by an 84% operating lease gross margin on a full 25 MW AMD deployment. However, the company also reported a slight miss in its Bitcoin Mining segment and higher-than-expected mining COGS, leading to a modest gross profit. While the recent lease at Rockdale is a positive sign, the company's high reliance on the Texas energy grid and potential regulation changes in the crypto industry pose potential risks to its future growth. Overall, there are concerns about the company's profitability and reliance on mining for the majority of its revenue, leading to a negative outlook on its stock.
This aggregate rating is based on analysts' research of Riot Blockchain and is not a guaranteed prediction by Public.com or investment advice.
Riot Blockchain (RIOT) Analyst Forecast & Price Prediction
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