Professional
Added to YB: 2025-03-03
Pitch date: 2025-01-13
RIOT [bullish]
Riot Platforms, Inc.
+11.92%
current return
Author Info
No bio for this author
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Company Info
Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States.
Market Cap
$5.2B
Pitch Price
$12.25
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.07
P/E
34.51
EV/Sales
8.95
Sector
Software
Category
special_situation
Show full summary:
13D Activist Fund New Position: Riot Platforms, Inc.
RIOT: Starboard Value activist play. Bitcoin miner underperforming peers despite BTC rally. High SG&A, exec comp issues. Opportunity to lease 600MW+ capacity to hyperscalers for AI/HPC, potentially generating $600M+ annual cash flow vs $313M revenue. Peers up 105.8% YTD on similar moves. Governance reforms needed.
Read full article (5 min)