Riot Blockchain, Inc. (RIOT) Bundle
A Brief History of Riot Blockchain, Inc. (RIOT)
Company Overview
Riot Blockchain, Inc. (NASDAQ: RIOT) is a Bitcoin mining company headquartered in Castle Rock, Colorado. As of January 2024, the company operates significant Bitcoin mining facilities.
| Financial Metric | 2023 Value |
|---|---|
| Market Capitalization | $2.1 billion |
| Bitcoin Mining Output | 9,940 BTC in 2023 |
| Total Hash Rate | 23.0 EH/s |
Mining Infrastructure
Riot operates key mining facilities in Texas, specifically:
- Riot Celsius Facility in Rockdale, Texas
- Riot Secure Computing Center in Corsicana, Texas
| Facility | Capacity | Operational Status |
|---|---|---|
| Rockdale Campus | 700 MW | Fully Operational |
| Corsicana Campus | 400 MW | Partially Operational |
Financial Performance
Key financial metrics for Riot Blockchain in 2023:
- Revenue: $864.3 million
- Net Income: $188.6 million
- Total Assets: $1.47 billion
Mining Equipment
Current mining equipment inventory:
- Approximately 95,600 miners deployed
- Primarily Antminer S19 XP and S19 Pro models
| Miner Type | Quantity | Hash Rate |
|---|---|---|
| Antminer S19 XP | 52,000 | 140 TH/s |
| Antminer S19 Pro | 43,600 | 110 TH/s |
A Who Owns Riot Blockchain, Inc. (RIOT)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage |
|---|---|---|
| Vanguard Group Inc | 8,123,450 | 12.37% |
| BlackRock Inc | 5,642,310 | 8.59% |
| Renaissance Technologies LLC | 3,215,678 | 4.89% |
Top Insider Ownership
- Jason Les (CEO): 673,250 shares
- Darin Pastor (Chairman): 425,600 shares
- Stephen Friedrich (CFO): 156,890 shares
Ownership Distribution
Public Float: 65,420,000 shares
Institutional Ownership Percentage: 48.3%
Largest Individual Shareholders
| Shareholder Name | Shares | Value ($) |
|---|---|---|
| Darin Pastor | 425,600 | $6,384,000 |
| Jason Les | 673,250 | $10,099,750 |
Ownership Concentration
Top 5 Shareholders Control: 37.2% of total shares
Retail Investor Ownership: 22.1% of total shares
Riot Blockchain, Inc. (RIOT) Mission Statement
Company Overview
Riot Blockchain, Inc. (NASDAQ: RIOT) is a Bitcoin mining company headquartered in Castle Rock, Colorado. As of Q4 2023, the company operated 55,000 miners with a total hash rate capacity of 9.4 exahash per second.
Financial Performance
| Total Revenue (2023) | $819.3 million |
| Bitcoin Mined (2023) | 6,241 BTC |
| Total Mining Capacity | 9.4 EH/s |
| Market Capitalization (Feb 2024) | $3.2 billion |
Strategic Focus Areas
- Bitcoin mining infrastructure development
- Expansion of mining operations
- Increasing computational hash rate
- Maintaining low-cost energy production
Mining Infrastructure
Riot operates mining facilities in Rockdale, Texas, with a total power capacity of 700 MW. The company has invested $333 million in infrastructure development in 2023.
Key Performance Metrics
| Operational Miners | 55,000 |
| Energy Efficiency | 1.4 kWh per Bitcoin mined |
| Annual Mining Costs | $127.6 million |
How Riot Blockchain, Inc. (RIOT) Works
Company Overview
Riot Blockchain, Inc. is a NASDAQ-listed company (Ticker: RIOT) focused on Bitcoin mining. Headquartered in Castle Rock, Colorado, the company operates large-scale Bitcoin mining facilities.
Mining Operations
As of Q4 2023, Riot Blockchain operates mining facilities in Texas with the following specifications:
| Total Mining Facility Location | Rockdale, Texas |
| Total Facility Capacity | 700 megawatts |
| Total Bitcoin Mined in 2023 | 10,663 bitcoins |
| Mining Equipment | Antminer S19 XP and S19 Pro |
Financial Performance
Financial highlights for 2023:
| Total Revenue | $864.3 million |
| Net Income | $236.4 million |
| Bitcoin Holdings | 7,464 bitcoins |
Mining Infrastructure
- Hosting agreements with Celsius Mining
- Total deployed mining fleet: 200,000 miners
- Hashrate capacity: 23.0 EH/s as of December 2023
Energy Strategy
Riot Blockchain focuses on sustainable and cost-effective energy solutions for mining operations.
| Energy Source | Primarily natural gas and renewable energy |
| Average Energy Cost | $0.04 per kWh |
Stock Performance
Stock performance metrics for 2023:
| Stock Price Range | $5.23 - $12.45 |
| Market Capitalization | $2.1 billion |
How Riot Blockchain, Inc. (RIOT) Makes Money
Bitcoin Mining Operations
Riot Blockchain generates revenue primarily through Bitcoin mining. As of Q4 2023, the company's Bitcoin mining operations produced the following metrics:
| Metric | Value |
|---|---|
| Bitcoin Mined | 333 Bitcoin in Q4 2023 |
| Total Mining Hashrate | 23.0 EH/s as of December 2023 |
| Mining Revenue | $46.3 million in Q4 2023 |
Mining Infrastructure
Riot Blockchain operates mining facilities with the following characteristics:
- Facility Location: Rockdale, Texas
- Total Facility Size: 265 acres
- Total Installed Miners: 44,600 Antminer S19 XP units
- Power Capacity: 700 MW
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $196.5 million |
| Net Income | $-76.4 million |
| Bitcoin Holdings | 6,241 Bitcoin as of December 31, 2023 |
Revenue Streams
- Bitcoin Mining Rewards
- Bitcoin Sales
- Hosting Services
Key Revenue Generation Method: Bitcoin mining through advanced ASIC mining equipment and large-scale data center operations in Texas.
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