Riot Announces August 2024 Production and Operations Updates

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Roth/MKM Reiterates Buy Rating on Riot Platforms (RIOT)

September 6, 2024 5:53 AM EDT

Roth/MKM analyst Darren Aftahi reiterated a Buy rating and $20.00 price target on Riot Platforms (NASDAQ: RIOT).

The analyst comments "In August, Riot Platforms mined 322 BTC, down 13% m/m, with a total hash rate of 23.5 EH/s. Maintenance at Rockdale caused a temporary drop in average hash rate, now restored. Riot earned $6.4M in power credits, with power... More