Put another way, the proverbial $1,000 invested in the company a year ago would now be worth around $15,500.
The 52-week range of the stock has been $1.10- $79.50, and the shares hit a record high in mid-February.
Given the recent decline in RIOT stock, investors wonder whether now would be an opportune time to buy into the share price.
Mining revenues increased by 116% to $5.2 million in Q4 2020, compared to $2.4 million revenue in the previous quarter.
The group also announced $3.9 million net income in the fourth quarter, a significant improvement from the $3.4 million net loss in the prior year quarter.
Better hashrate means more payout for miners like RIOT, which wants to achieve a hash rate of 7,700 PH/s by 2023.
As of March 31, Riot holds over 1,565 Bitcoin on its balance sheet, all of which was produced by its mining operations.
In other words, the price of most mining stock follow that of the crypto.
In recent weeks, Bitcoin has been extremely volatile and the Street is debating whether there could be further pullbacks in both the crypto and the miners.
Those investors who also follow technical charts would possibly notice that the downtrend in RIOT stock is likely to continue in the coming days, possibly taking the shares below $30.
In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician examination.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.