{"id":24973,"date":"2025-05-02T20:46:31","date_gmt":"2025-05-02T20:46:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24973"},"modified":"2025-05-02T20:46:31","modified_gmt":"2025-05-02T20:46:31","slug":"riot-platforms-powers-up-analyst-gives-4-reasons-why-he-is-bullish","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24973","title":{"rendered":"Riot Platforms Powers Up: Analyst Gives 4 Reasons Why He Is Bullish"},"content":{"rendered":"<div>\n<p>Needham<strong> <\/strong>analyst<strong> John Todaro<\/strong> reiterated the Buy rating on <strong>Riot Platforms, Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/RIOT#NASDAQ\">RIOT<\/a>) on Friday, <a href=\"https:\/\/www.benzinga.com\/quote\/RIOT\/analyst-ratings\" target=\"_blank\" rel=\"noreferrer noopener\">lowering the price forecast from $13.50 to $12.<\/a><\/p>\n<p>On Thursday, the company reported first quarter results, in which total revenue was up from $79.3 million in the prior year&#8217;s quarter, primarily driven by a $71.5 million increase in\u00a0Bitcoin\u00a0mining revenue.<\/p>\n<p>The Bitcoin miner produced 1,530 Bitcoin in the first quarter, up from 1,364 in the first quarter of 2024. Riot&#8217;s average cost to mine totaled $43,808 in the quarter.\u00a0<\/p>\n<p><strong>The analyst remains bullish on Riot Platforms for four main reasons.<\/strong><\/p>\n<p>First, the company has upcoming high-performance computing (HPC) opportunities in 2026 with 600MW of potential capacity at its Corsicana site.<\/p>\n<p><strong>Also Read: &#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/25\/05\/45179098\/riot-platforms-powers-up-analyst-gives-4-reasons-why-he-is-bullish\" alt=\"Riot\" platforms powers up: analyst gives reasons why he is bullish>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Needham analyst John Todaro reiterated the Buy rating on Riot Platforms, Inc. (NASDAQ:RIOT) on Friday, lowering the price forecast from $13.50 to $12. On Thursday, the company reported first quarter results, in which total revenue was up from $79.3 million in the prior year&#8217;s quarter, primarily driven by a $71.5 million increase in\u00a0Bitcoin\u00a0mining revenue. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24973","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24973"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24973\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}