Riot Blockchain (NASDAQ:RIOT) changed 21.26% to recent value of $1.54. The stock transacted 9645525 shares during most recent day however it has an average volume of 1.67M shares. It spotted trading -68.44% off 52-week high price. On the other end, the stock has been noted 201.37% away from the low price over the last 52-weeks.
On May 07, 2020, Riot Blockchain (NASDAQ:RIOT) one of the few Nasdaq listed public cryptocurrency mining companies in the United States, reported the purchase of an additional 1,040 next generation Bitmain S19 (95 TH) Antminers for USD $1.9 million from BitmainTech PTE. LTD. (Bitmain).
On April 30, 2020, Riot announced its purchase of 1,000 S19 Pro (110 TH) miners. The combined purchase of the 2,040 new S19s, is another step supporting the Company’s recent strategic initiatives focused on expanding its bitcoin mining operations. The purchases were funded from Riot’s available cash on hand. Riot anticipates that the total 2,040 new S19 miners will be received and deployed in the third quarter of 2020. Once the total 2,040 new S19s are received and fully deployed, Riot estimates its aggregate operating hash rate will increase over 80% to approximately 457 petahash per second (PH/s) and utilize approximately 16.5 megawatts of energy.
The latest generation of bitcoin (BTC) Application-Specific Integrated Circuit (ASIC) miners from Bitmain are markedly more energy efficient than prior Bitmain models and other ASIC miners currently available. The May 6th purchase of 1,040 Bitmain S19 Antminers boast a hash rate of 95 TH/s and an energy efficiency of 34.5±% 5 joules per terahash (J/TH).
COVID-19 Update: As published in its previous disclosures, Riot is continuing to closely monitor COVID-19 and its potential impact on the Company’s workforce, operations, finance and liquidity. To date, the impact has remained minimal.
RIOT has a gross margin of 10.80%. 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%.
The company has 37.01M of outstanding shares and 30.74M shares were floated in the market. 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 36.40% from the mean of 20 days, 52.96% from mean of 50 days SMA and performed 4.25% from mean of 200 days price. Company’s performance for the week was 27.27%, 50.98% for month and YTD performance remained 37.50%.