Roth on Riot Platforms (RIOT): 'if costs were to double with the upcoming halving...adj. mining margin would sit near 50%'

Brink's (BCO) PT Raised to $110 at Truist Securities 'on Free Cash Flow Growth'

(Updated - February 28, 2024 6:04 AM EST)

Truist Securities analyst Tobey Sommer raised the price target on Riot Platforms (NASDAQ: RIOT) to $110.00 (from $90.00) while maintaining a Buy rating.

The analyst comments "We increase our PT to $110, reiterate our Buy rating, and see a path to... More

Riot Platforms (RIOT) PT Raised to $20 at Singular Research, 'Aggressive Hash Rate Growth Underway'

Singular Research analyst Chris Sakai raised the price target on Riot Platforms (NASDAQ: RIOT) to $20.00 (from $19.50) while maintaining a Buy rating.

The analyst comments "Q4:23 results were mixed compared to our expectations. Revenues were lower than our estimates, while adjusted EBITDA beat our... More

Riot Platforms (RIOT) Purchases 31,500 Miners From MicroBT to Enhance and Expand Self-Mining Operations at Its Rockdale Facility

Riot Platforms, Inc. (NASDAQ: RIOT) (Riot or the Company), an industry leader in vertically integrated Bitcoin (BTC) mining, announced today that it has entered into a new purchase agreement (the Agreement) with Shenzhen MicroBT Electronics Technology Co., LTD, through its manufacturing subsidiaries, (MicroBT) a prominent manufacturer of Bitcoin miners. Under the Agreement, Riot has purchased 31,500 next-generation M60S miners from MicroBT for a total consideration of $97.4 million (exclusive of applicable taxes and fees and adjustments), reflecting a rate of $16.50 per TH. From this new order, 14,500 miners are set to be deployed in available capacity at the Rockdale Facility.... More

Riot Platforms (RIOT) call put ratio 3.2 calls to 1 put, Bitcoin above $56,500

Riot Platforms (NASDAQ: RIOT) 30-day option implied volatility is at 115; compared to its 52-week range of 84 to 144 as Bitcoin trades above $56,500 as Bitcoin halving is approaching. Call put ratio 3.2 calls to 1 put.

Midday movers: Alcoa, Moderna fall; Micron, Coinbase rise

(Updated - February 26, 2024 11:04 AM EST)

Investing.com -- Main U.S. indexes traded in a muted fashion Monday, ahead of the release of key inflation data this week which could provide more clues as to future Fed monetary policy.

Here are some of the biggest U.S. stock movers today:

Alcoa (NYSE:... More