Over 1 Year Ago
2 Min Read

RIOT down -9%. A quick overview:



Shares of Riot Blockchain Inc (RIOT) are trading -9% lower at a price of $7.545 at the time of this writing. While it's generally been a slightly somber day for this part of the market, the company is underperforming it's peers in the Information Technology sector.

The price is likely moving on the heels of the recent earnings call 10 days ago.

Riot Blockchain Inc has been trading between a 52-week high of $46.28 and a 52-week low of $4.02. The stock has a market cap of $1.17 Billion.

Riot Blockchain focuses on cryptocurrency mining of bitcoin. The Company is expanding and upgrading its mining operations by securing the most energy efficient miners currently available. Riot also holds certain non-controlling investments in blockchain technology companies.

Headlines


Dow Jones Dips After Fed Minutes Show This; Elon Musk Claim Boosts Manchester United; Coinbase Dives As Bitcoin Falls
EIN News Bitcoin 08-18-22

House Lawmakers Send Letters to 4 U.S. Crypto Miners Asking for Details on Environmental Impact
CoinDesk 08-18-22

3 Heavily Shorted Stocks to Buy Before They Explode
InvestorPlace 08-18-22

Riot Blockchain Reports $366M Loss in Q2 2022, Total Losses for BTC Miners Up at $1B
Coinspeaker 08-17-22

Bitcoin Miner Riot Blockchain Records $99M Impairment In Q2 On BTC Holdings
Benzinga 08-17-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Actual-Cat3803 - 5 upvotes - source
Step one buy BBBY, step two everyone comes out of the woodwork in riot form and blast the doors open, step 3 look around like a nuke went off but you’re still alive, Step 4 what is the fucking price after the smoke clears? BBBY🍉

Caughttoast - 5 upvotes - source
Apes in the streets. Bag holders should riot

MyNi_NotYourNi - 3 upvotes - source
I don't think anyone cares what you do with your money. The pushback is against silly notions of this being any kind of movement. RC did what any rational, money-loving investor/speculator would do - cashed out when it was clear the unsustainable parabolic rally was cresting. Leaving a riot of greater fools in his wake is a necessary by product of this cashing-out process.

unlimitedquanteasing - 2 upvotes - source
Mara coin riot all opening down double digits tomorrow.

Zystin - 2 upvotes - source
get into $RIOT

lunakola - 1 upvotes - source
>RIOT LoL = ![img](emote|t5_2th52|4259)

Zystin - 1 upvotes - source
$RIOT

Affectionate-Okra532 - 0 upvotes - source
Texas is big on RIOT! 🚀 in the A.M.

Zystin - 0 upvotes - source
why don’t we all pump up $RIOT

Zystin - -1 upvotes - source
$RIOT