Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest announcement is out from Riot Platforms ( (RIOT) ).
On February 12, 2025, Riot Platforms expanded its Board of Directors to six members, appointing Jaime Leverton, Douglas Mouton, and Michael Turner as new directors. This change follows the retirement of Hannah Cho and Hubert Marleau from the board. The new directors bring expertise in AI/HPC conversion, data center operations, and real estate, aligning with the company’s strategic focus on maximizing the value of its assets, particularly at its Corsicana Facility in Texas, for AI and high-performance computing uses. Riot Platforms has engaged financial advisors Evercore and Northland Capital to explore potential AI/HPC partnerships, reflecting increased interest from potential partners. These board changes and strategic evaluations are expected to enhance Riot’s positioning in the industry and potentially deliver substantial value to shareholders.
More about Riot Platforms
Riot Platforms, Inc. is a Bitcoin mining and digital infrastructure company with a focus on a vertically integrated strategy. The company operates Bitcoin mining facilities in central Texas and Kentucky and also engages in electrical switchgear engineering and fabrication in Denver, Colorado. Riot aims to be a leading Bitcoin-driven infrastructure platform, impacting the sectors, networks, and communities it engages with through innovation and community partnership.
YTD Price Performance: 6.69%
Average Trading Volume: 33,671,702
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.84B
Learn more about RIOT stock on TipRanks’ Stock Analysis page.
