Riot Blockchain (NASDAQ:RIOT) spotted trading -76.43% off 52-week high price. On the other end, the stock has been noted 125.05% away from the low price over the last 52-weeks. The stock changed 2.68% to recent value of $1.15. The stock transacted 1719053 shares during most recent day however it has an average volume of 1.64M shares. The company has 37.01M of outstanding shares and 30.74M shares were floated in the market.
On May 05, 2020, Riot Blockchain (NASDAQ:RIOT) one of the few Nasdaq listed public cryptocurrency mining companies in the United States, released its production update for the month of April 2020.
- During April 2020, the Company produced 108 newly mined bitcoins (BTC) with its new Bitmain S17s being fully deployed for the entire month of April 2020.
- Riot’s BTC inventory increased by 13% since March 31, 2020 to 929 BTC as of April 30, 2020.
- The Company is currently operating approximately 4,000 S17s with an aggregate hashing power capacity of 248 Petahash per second (PH/s) between the Riot Oklahoma City, Oklahoma and the Coinmint Massena, New York locations.
- As announced April 30, 2020, Riot purchased an additional 1,000 Bitmain Antminer S19 Pros and expects delivery by early July 2020. Once received and deployed, Riot estimates its aggregate operating hash rate will increase by 46% to approximately 358 PH/s.
Riot successfully transported an initial batch of 300 miners from its facility in Oklahoma City, Oklahoma to Coinmint’s facility in Massena, New York. This initial batch of miners was fully operational by April 19, 2020. The Coinmint facility is expected to result in improved efficiency and potentially expanded hashing capacity. Riot is using this initial batch of 300 miners to validate its expectations.
Ashton Soniat, CEO of Coinmint stated, Coinmint has expanded our co-hosting services to meet the needs of first-in-class cryptocurrency mining companies and we are excited to partner with Riot Blockchain. With the upcoming halving, Coinmint’s low-cost electricity and 120MW of capacity will allow Riot to continue to grow operations even as bitcoin rewards are reduced.
Its earnings per share (EPS) expected to touch remained 76.40% for this year while earning per share for the next 5-years is expected to reach at 20.00%. RIOT has a gross margin of 10.80%.
According to the most recent quarter its current ratio was 3.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.25% from the mean of 20 days, 13.84% from mean of 50 days SMA and performed -22.55% from mean of 200 days price. Company’s performance for the week was -0.86%, 27.78% for month and YTD performance remained 2.68%.