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Riot Platforms Draws New $17.9 Million Bet as Revenue Hits $180 Million
['Jonathan Ponciano', 'The Motley Fool', 'Thu', 'January', 'At Pm Gmt', 'Min Read']
Yahoo Finance
On January 29, Broad Peak Investment Advisers disclosed a new position in Riot Platforms (NASDAQ:RIOT), acquiring 1.41 million shares valued at $17.86 million.
What happenedAccording to a filing with the U.S. Securities and Exchange Commission dated January 29, Broad Peak Investment Advisers reported purchasing 1.41 million shares of Riot Platforms.
Key customers include institutional-scale Bitcoin miners, data centers, utilities, and large commercial or governmental entities requiring custom power infrastructure.
Riot Platforms is a leading U.S.-based Bitcoin mining and infrastructure company with a diversified business model spanning both digital asset production and specialized engineering services.
Beyond mining, Riot is leaning into data center development and power infrastructure, including the initial buildout of 112 megawatts of capacity at its Corsicana campus.