Riot Platforms, Inc. (RIOT) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Riot Platforms, Inc. faces a significant business risk due to its limited legal recourse and lack of insurance protection over its Bitcoin holdings. The company relies on a third-party custodian to protect its digital assets, but these assets are not insured, leaving them vulnerable to loss, theft, or destruction without adequate remedies. In such events, the company may have limited or no financial recovery options, as responsible parties may lack sufficient resources to compensate for the loss. This vulnerability could adversely affect Riot Platforms’ financial condition and stockholder investments, highlighting a critical area of concern for the company.
Overall, Wall Street has a Strong Buy consensus rating on RIOT stock based on 11 Buys.
To learn more about Riot Platforms, Inc.’s risk factors, click here.
