- The shares of Riot Blockchain Inc (NASDAQ: RIOT) have received a price target increase from $43 to $44 from B. Riley. These are the details.
The shares of Riot Blockchain Inc (NASDAQ: RIOT) have received a price target increase from $43 to $44 from B. Riley. And B. Riley analyst Lucas Pipes assigned the company a “Buy” rating.
Pipes had cited the closure of the company’s acquisition of Whinstone. And Pipes believes that the official closing of the deal is a major positive for the company.
Now that the acquisition is complete, Pipes believes that the company’s growth is significantly de-risked. And the closure also enabled Riot to disclose a number of important guidance items to investors such as final net energy costs and the estimated power capacity.
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