Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Riot Platforms's share price for the quarter that ended in Dec. 2023 was $15.47. Riot Platforms's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 230.8 Mil. Therefore, Riot Platforms's market cap for the quarter that ended in Dec. 2023 was $3,571.0 Mil.
Riot Platforms's quarterly market cap
declined
from Jun. 2023 ($2,154.2 Mil) to Sep. 2023 ($1,831.5 Mil) but then
increased
from Sep. 2023 ($1,831.5 Mil) to Dec. 2023 ($3,571.0 Mil).
Riot Platforms's annual market cap
declined
from Dec. 2021 ($2,607.0 Mil) to Dec. 2022 ($568.7 Mil) but then
increased
from Dec. 2022 ($568.7 Mil) to Dec. 2023 ($3,571.0 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Riot Platforms's Enterprise Value for Today is $2,117.4 Mil.
Riot Platforms Market Cap Historical Data
The historical data trend for Riot Platforms's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Riot Platforms's Market Cap
For the Capital Markets subindustry, Riot Platforms's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Riot Platforms's Market Cap Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Riot Platforms's Market Cap distribution charts can be found below:
* The bar in red indicates where Riot Platforms's Market Cap falls into.
Riot Platforms Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Riot Platforms's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Riot Platforms (NAS:RIOT) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Riot Platforms Market Cap Related Terms
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Riot Platforms (Riot Platforms) Business Description
Riot Platforms Inc is a vertically integrated Bitcoin mining company focused on building, supporting, and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable, and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value, or unit of account. The company's segments include Bitcoin Mining; Data Center Hosting and Engineering. It generates maximum revenue from the Bitcoin Mining segment.
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