Riot Platforms, Inc. (RIOT) – Long-term agreements boosting growth

Riot Platforms, Inc. (RIOT) (Q2FY23)

Stock Performance: Riot Platforms stock price showed a downtrend in the past 3-month period and gave negative returns of -47%. The price increased by 42% in the past 1-year. The stock has a 52-week high of $20.65 and its 52-week low is $3.25.

Quarter Performance : In Q2FY23, RIOT’s revenue increased by 5% to $76.7mn from $72.9mn in Q2FY22 and the COGS increased by 32.3% to $64mn from $48.4mn in the same period

Highlights

The company completed the acquisition of 5,130 S19 series miners from Bitmain in January 2023. Later, in June 2023, they entered a new purchase agreement with MicroBT for 8,320 M56S+ model miners and 24,960 M56S++ model miners, totaling approximately $162.9 million.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages; 31

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