Trump Signs Law to Launch Dollar 2.0
Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.
| Open | 15.72 | Prev Close | 14.96 |
| High | 16.65 | Low | 15.56 |
| Volume | 21,219,102 | Volume (Avg) | 31,502 |
| 52 Week High | 23.94 | 52 Week Low | 6.19 |
| Market Cap | 6B | PE Ratio | 47.89 |
General
| Name | Riot Platforms Inc |
| Ticker | RIOT |
| Exchange | NASDAQ |
| Sector | Financial |
| Industry | Capital Markets |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 783 |
About Riot Platforms Inc
Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. The company operates in two segments, Bitcoin Mining and Engineering. It offers comprehensive and critical infrastructure for institutional-scale Bitcoin mining facilities in Rockdale and Navarro counties, Texas; and two Bitcoin mining sites in Paducah, Kentucky. The company also designs and manufactures power distribution equipment and custom engineered electrical products; and electricity distribution product design, manufacturing, and installation services for large-scale commercial and governmental customers, as well as data center, power generation, utility, water, industrial, and alternative energy markets. The company was founded in 2000 and is based in Castle Rock, Colorado.
Highlights
| Analyst Target | 27.47 |
| Market Cap | 5,997,300,000 |
| PE Ratio | 47.89 |
| EBITDA | 508,607,008 |
Valuation
| Trailing PE | 31.02 |
| Forward PE | 20.88 |
| Price/Sales (Trailing 12 Mt.) | 9.41 |
| Price/Book (Most Recent Quarter) | 1.71 |
Technicals
| Beta | 3.86 |
| 52 Week High | 23.94 |
| 52 Week Low | 6.19 |
| 50 Day Average | -12.53% |
| 200 Day Average | 30.33% |
Earnings
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Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.
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