Latest news with #Riot
France 24
12-06-2025
- Business
- France 24
Vivatech 2025: How AI is shaping cybersecurity
06:09 From the show In this edition, FRANCE 24's Charles Pellegrin speaks with Benjamin Netter, co-founder of Riot. The French company provides real-time cybersecurity for over 1.5 million employees around the world and has raised $45 million since it was launched in 2020. Netter provides insights on the French tech ecosystem, the magnitude of cybersecurity threats in the age of artificial intelligence, and how AI can also be used to increase protection.
Yahoo
10-06-2025
- Business
- Yahoo
Riot Sells $1.58M of Bitfarms Shares as Part of Investment Review
Bitcoin BTC miner Riot Platforms (RIOT) said it sold 1.75 million shares of rival Bitfarms (BITF) for about $1.58 million as part of a continuing review of its investment in the company following an unsuccessful takeover bid that saw its stake in the company rise to almost 15%. The shares, sold on June 9 over the Nasdaq and other open markets, fetched a weighted average price of about $0.90 per share and reduced Riot's beneficial ownership to 14.3%, the company said. The hostile takeover bid became public in May 2024, with Riot offering to buy Bitfarms for $2.30 per share, an approach that was swiftly rejected and abandoned the following month. Riot continued to buy its rival's shares to exert pressure on the board to engage with the miner. Bitfarms subsequently implemented a shareholder rights plan or "poison pill" to deter Riot from buying the company. Riot emphasized that it remains committed to evaluating its position in Bitfarms based on a number of evolving factors. These include potential discussions with Bitfarms' management, the company's strategic trajectory, and broader market conditions. Riot said it may increase or decrease its holdings in the future depending on such considerations. Bitfarms stock rose 4% in pre-market trading to $0.96. Riot rose 0.49% to $10.17.
Cision Canada
10-06-2025
- Business
- Cision Canada
RIOT PLATFORMS, INC. REPORTS BENEFICIAL OWNERSHIP OF 14.3% IN BITFARMS LTD.
CASTLE ROCK, Colo., June 9, 2025 /CNW/ - Riot Platforms, Inc. (" Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (" Company"). Riot announces that on June 9, 2025 it sold 1,748,200 common shares (the " Sold Shares") of the Company representing approximately 0.31% of the issued and outstanding Common Shares (the " Common Shares") of the Company (based on the information contained in the Company's management information circular filed on June 9, 2025 (the " Company's Circular"). The Sold Shares were sold through normal course sales on the Nasdaq Stock Market and other open market trades for a weighted average price of approximately US$0.90 per Sold Share (equivalent to approximately C$1.23 per Sold Share based on the daily exchange rate posted by the Bank of Canada on June 9, 2025 (the " Exchange Rate")) at a price range per Sold Share of approximately US$0.88 to US$0.92 (equivalent to approximately C$1.21 to C$1.26 based on the Exchange Rate) for an aggregate amount equal to US$1,576,351.94 (equivalent to approximately C$2,157,079.99 based on the Exchange Rate). Immediately prior to the sales of Common Shares giving rise to the issuance of this press release, Riot beneficially owned 81,249,679 Common Shares, representing approximately 14.61% of the issued and outstanding Common Shares (based on the information contained in the Company's Circular). Following completion of the aforementioned sales, Riot beneficially owned 79,501,479 Common Shares, representing approximately 14.30% of the issued and outstanding Common Shares as at the date hereof (based on the information contained in the Company's Circular). Riot intends to review its investment in the Company on a continuing basis and depending upon various factors, including without limitation, any discussion between Riot, the Company and/or the Company's Board of Directors and its advisors regarding, among other things, the Company's financial position and strategic direction, overall market conditions, other investment opportunities available to Riot, and the availability of securities of the Company at prices that would make the purchase or sale of such securities desirable, Riot may (i) increase or decrease its position in the Company through, among other things, the purchase or sale of securities of the Company, including through transactions involving the Common Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Company in the open market or otherwise, (ii) enter into transactions that increase or hedge its economic exposure to the Common Shares without affecting its beneficial ownership of the Common Shares or (iii) consider or propose one or more of the actions described in subparagraphs (a) - (k) of Item 5 of Riot's early warning report filed in accordance with applicable Canadian securities laws. This press release is not meant to be, nor should it be construed as, an offer (or an intention to make an offer) to buy or the solicitation of an offer to sell any of the Company's securities. Riot will file the Early Warning Report in accordance with applicable securities laws, which will be available under the Company's profile at The head office of the Company is 110 Yonge Street, Suite 1601 Toronto, Ontario M5C 1T4. The address of Riot is 3855 Ambrosia Street, Suite 301, Castle Rock, CO 80109. For further information and to obtain a copy of the Early Warning Report, please see the Company's profile on the SEDAR+ website ( or contact Phil McPherson, Vice President, Capital Markets & Investor Relations, at (303) 794-2000 ext. 110. About Riot Platforms, Inc. Riot's (NASDAQ: RIOT) vision is to be the world's leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes. Riot, a Nevada corporation, is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot has Bitcoin mining operations in central Texas and Kentucky, and electrical engineering and fabrication operations in Denver, Colorado, and Houston, Texas. For more information, visit Cautionary Note Regarding Forward Looking Statements Statements contained herein that are not historical facts constitute "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable U.S. and Canadian securities laws that reflect management's current expectations, assumptions, and estimates of future events, performance and economic conditions. Such forward-looking statements rely on the safe harbor provisions of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934 and the safe harbor provisions of applicable Canadian securities laws. 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 and phrases such as "anticipate," "believe," "create," "drive," "expect," "forecast," "future," "growth," "intend," "hope," "opportunity," "plan," "potential," "proposal," "synergies," "unlock," "upside," "will," "would," and similar words and phrases are intended to identify forward-looking statements. Such forward-looking statements are not guarantees of future performance or actual results, and readers should not place undue reliance on any forward-looking statement as actual results may differ materially and adversely from forward-looking statements. Detailed information regarding the factors identified by the management of Riot, which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release, may be found in Riot's filings with the U.S. Securities and Exchange Commission (the " SEC"), including the risks, uncertainties and other factors discussed under the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" of Riot's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 28, 2025, and the other filings Riot has made or will make with the SEC after such date, copies of which may be obtained from the SEC's website at All forward-looking statements contained herein are made only as of the date hereof, and Riot disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which Riot hereafter becomes aware, except as required by applicable law.
Yahoo
09-06-2025
- Business
- Yahoo
Analyst who nailed GameStop's rally is betting 10x on Riot Platforms
Analyst who nailed GameStop's rally is betting 10x on Riot Platforms originally appeared on TheStreet. A pseudonymous crypto analyst Kaleo, who refers to his trade moves as a 'degen' investor is making a bullish bet on Riot Platforms (RIOT), a big US Bitcoin miner, in a high-stakes options trade. On May 28, the trader made a succession of posts that are now going viral. In the post the trader showed off a self-proclaimed "degen experiment," wherein tens of thousands of dollars are funneled into out-of-the-money (OTM) call options — high-risk wagers that Riot's stock will surge to well above current levels. The core idea? With Bitcoin running and the potential to smash new all-time highs, stocks like Riot may have explosive upside to go with it. "If it does, it moves fast," wrote the trader, referring to previous cycles where Riot surged after Bitcoin entered "price discovery" — trading above its all-time highs. As of June 9, Riot is trading just above $9.70, and this trader is buying calls with strike prices of $25, $30 and even $35, some of these calls will not expire until January 2026. They only make money if Riot's stock price doubles or more in the next several months. Risky trade, yet this strategy is catching on. The trader is willing to commit to a total of $75,000 and is adding positions on a daily basis while the stock is under $10. 'This could go to zero,' they admitted, 'but if it plays out, it could be a 10x.' They are using examples from the GameStop betting spree of 2021, although they believe Riot is more legitimate because it operates as a real business entity with real fundamentals. Unlike meme stocks, Riot is in the growing Bitcoin mining industry and is correlated to BTC price action, believes the trader. In early 2021, GameStop (GME) — a then struggling video game retail company— gained notoriety as the subject of viral movement on Reddit's r/WallStreetBets community. Retail traders began purchasing shares and options on GME to squeeze significant hedge funds that were betting the stock would lose value (a type of trading called short-selling). As trader buying pressure increased, GameStop's stock price surged from less than $20 to nearly $500 within a week-or-so. It created what is known as a 'short squeeze," a situation where short-sellers must buy back stock at a much higher price driving the price even higher. It also turned ordinary traders into overnight millionaires, and some hedge funds ended up going bankrupt. With Bitcoin sitting at $107,847.26, some retail traders have the motto of win big or go bust trying. Disclaimer: This article is for informational purposes only and does not constitute financial advice, investment recommendations, or an endorsement of any trading strategy. Always conduct your own research and consult a licensed financial advisor before making investment decisions. Analyst who nailed GameStop's rally is betting 10x on Riot Platforms first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
07-06-2025
- Business
- Business Insider
Bitcoin and AI Themes Ignite Riot Platforms Stock (RIOT)
Bitcoin is back in the spotlight again, reaching an all-time high of over $109,000 over the past week. For investors seeking ways to capitalize on this trend beyond investing in the cryptocurrency itself, other investment opportunities along the value chain, such as firms that provide specialized infrastructure, including computers that operate continuously to secure the network and mine new coins, may present a compelling option. Confident Investing Starts Here: On such stock is Riot Platforms (RIOT), operating some of the most powerful mining facilities in the U.S., and the company just delivered some impressive numbers that caught Wall Street's attention, generating $161.4 million in revenue during the first quarter of 2025, more than double what they earned in the same period last year. I am optimistic about the overall growth of blockchain technology and particularly bullish on RIOT stock. The company presents a compelling investment opportunity at the crossroads of infrastructure and emerging technology. With ongoing operational enhancements, strategic acquisitions, and diversification initiatives, Riot is well-positioned to capitalize on the expanding demand for cryptocurrency. Building a Bigger and Better Mining Operation Riot's recent push to expand and optimize its mining operations appears to be paying off rapidly. Their hashrate—the measure of computational power driving Bitcoin mining, similar to horsepower in a car—grew an impressive 142% year-over-year, reaching 35.4 exahashes per second. RIOT has also made significant efficiency improvements, reporting a 24% increase in energy efficiency. This is particularly critical in a sector where electricity costs significantly impact profitability. Riot now operates at 21.2 joules per terahash, a substantial reduction from previous levels. These gains in efficiency could provide a meaningful competitive edge over time. Bitcoin's mining rewards halve roughly every four years to control inflation and cap the total supply at 21 million coins. The most recent halving, in April 2024, cut the reward from 6.25 to 3.125 BTC per block. This post-halving environment has made mining more challenging across the industry. Network difficulty has risen by 41%, meaning miners must exert significantly more computational power to earn the same rewards. While this creates pressure for all participants, companies with highly efficient operations, like Riot, are best positioned to continue growing despite these challenges. Growth Through Strategic Acquisitions and AI Riot recently announced the acquisition of Rhodium's mining operations, and looks to make Rhodium's operations profitable while freeing up 125 megawatts of power capacity for Riot's own mining activities. The numbers from May 2025 show this strategy is paying off. Riot produced 514 Bitcoin for the month, more than doubling their output year-over-year. The increase in mining output, coupled with the growth in Bitcoin's price, compounds the company's revenue potential. Another intriguing aspect of Riot's unfolding story is its move to expand beyond mining. The company has recently acquired 355 acres near its Texas facility, with plans to build large-scale data centers targeting the artificial intelligence and high-performance computing (HPC) markets. The company is planning to bring online 1 gigawatt of power capacity by early 2026. This strategy makes sense for Riot (and other miners, many of which are pursuing similar opportunities), considering it has already incurred sunk costs in two key drivers of data center success — reliable power infrastructure and operational expertise in managing large-scale computing facilities. Riot Platforms is rated a Strong Buy overall, based on the most recent recommendations of ten analysts. , which represents a potential upside of 70% from current levels. Analysts following Riot remain bullish on its prospects. For example, Roth MKM has recently reiterated a Buy rating on the stock with a price target of $16, noting the firm's increase of substantial capacity of 600MW at its Texas facility, along with a move to hire Jonathan Gibbs as Chief Data Center Officer, has bolstered its position in the high-performance computing (HPC) market. Needham also maintains a Buy rating on the stock. However, analyst John Todaro has adjusted Riot Platforms' price target from $13.50 to $12 in response to a miss on adjusted EBITDA, attributed to higher-than-anticipated SG&A and other costs of goods sold during the first quarter. RIOT in Review Riot provides leveraged exposure to Bitcoin's upside potential, with recent record revenue growth and notable efficiency improvements making a strong case. Their expansion into AI and high-performance computing markets marks a strategic move into a promising adjacent sector, which could also serve as a useful hedge against Bitcoin's volatility. That said, investing in RIOT carries significant risks. The company's fortunes remain closely tied to Bitcoin's notoriously volatile price fluctuations. Additionally, mining profitability hinges on a delicate balance between Bitcoin prices, network difficulty, and energy costs—factors largely beyond management's control. Overall, I remain bullish on Riot as a high-risk, high-reward play for investors looking to gain measured exposure to crypto infrastructure.
