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Riot’s Bold Move Towards AI and HPC Goals

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Written by Bryce Tuohey Reviewed by Tim Sykes Fact-checked by Matt Monaco
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Riot Platforms Inc.’s shares are experiencing a significant increase, climbing by 10.99 percent on Monday, likely driven by the positive market reaction to recent strategic partnerships and a robust outlook for its cryptocurrency mining operations.

  • Riot Platforms, Inc. recently appointed board members with extensive expertise in AI/HPC, data center operations, and real estate, signaling the company’s strategic shift towards new sectors, aiming for growth and innovation.

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Live Update At 09:18:11 EST: On Monday, March 03, 2025 Riot Platforms Inc. stock [NASDAQ: RIOT] is trending up by 10.99%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • Riot Platforms reported impressive financial results for FY24, showcasing an increase in adjusted EBITDA to $463.2M, surpassing market expectations. These results were supported by strategic growth initiatives and increased Bitcoin holdings, highlighting strong operational performance despite lower Bitcoin production.

  • A recent surge in Bitcoin’s value to $97,000 is expected to positively impact Riot Platforms, along with other crypto-linked stocks. This upward trend in digital assets bolsters Riot’s market prospects, revealing the company’s strong connection to the cryptocurrency market.

Financial Insights: Revenue Growth and Strategic Investments

As millionaire penny stock trader and teacher Tim Sykes says, “Be patient, don’t force trades, and let the perfect setups come to you.” Trading is not all about acting on every market move or aggressively pursuing opportunities without foresight. Successful traders often emphasize the need for discipline and timing. Waiting for the ideal market scenario requires both restraint and a strategic mindset. Sykes’ advice underscores the importance of being composed and strategic in the fast-paced world of trading.

Riot Platforms reported substantial revenue growth in 2024, reaching $376.7 million, up from $280.7 million the year prior. This increase can be attributed to a host of strategic decisions, including the energization of the Corsicana Facility and several valuable acquisitions. Looking at the financial statements, Riot’s strategic investments, despite the challenges faced, helped pave the way for its current market position. They also reported a remarkable net income of $109.4 million, which stands in stark contrast to the previous fiscal period.

In terms of asset management, Riot Platforms secured a convertible senior notes offering that raised a mammoth $579M, paving the path for future expansion and financial resilience. Meanwhile, Riot’s strategic pause in Bitcoin mining expansion reflects a tactical decision to seize new opportunities in the AI and HPC sectors. Given today’s tech landscape, there’s immense potential for long-term rewards.

Making Sense of Stock Performance and Market Trends

As we stand on the cusp of this technological shift, Riot Platforms gears up to position itself at the forefront of AI and HPC developments. The addition of new board members offers Riot a treasure trove of expertise. This aligns perfectly with their decision to halt Bitcoin mining expansions, signalling a transformation that holds the promise of unlocking new opportunities for both the company and its investors.

The cryptocurrency market has been abuzz. With Bitcoin shooting past the $97,000 milestone, related stocks like Riot Platforms are anticipated to ride this bullish wave. Riot’s close relationship with digital assets means any rally in Bitcoin is a boon for its stock valuation. And Market analysts see this as a continued surge, bolstered by Riot’s formidable position not just in the crypto domain, but also its foray into next-gen tech.

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Market Implications: A Strategic Shift in Focus

The winds of change are guiding Riot Platforms into a new realm, where AI and HPC capabilities hold the key to groundbreaking innovation. The company’s recent Q4 and full-year reports reveal a positive trajectory, attributed to their proactive strategy. By adapting and re-evaluating their core operational goals, Riot ensures it remains one step ahead in this ever-evolving industry.

The newly appointed board members stand as a testament to Riot’s commitment towards maximizing real estate value and diving deep into lucrative AI/HPC sectors. With every strategic choice, Riot underscores its ambition to be a strong contender in tomorrow’s tech landscape. Though the cryptocurrency market has its tides, Riot stands resilient, as they explore the horizons of AI, data centers, and beyond, capturing incredible potential. In this dynamic environment, consistent trading strategies become crucial. As millionaire penny stock trader and teacher Tim Sykes says, “Consistency is key in trading; don’t let emotions dictate your trades.” This mindset helps Riot to navigate volatile markets while focusing on long-term goals, ensuring their stability and continued innovation.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”