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RIOT

Riot Blockchain

$1.81

-0.02 (-1.09%)

16:19
08/15/19
08/15
16:19
08/15/19
16:19

Riot Blockchain CFO Robby Chang to depart, Jeffrey McGonegal named interim CFO

Riot Blockchain announced that its board is implementing a leadership change. Riot's CEO Jeffrey McGonegal is being named as CFO of the company on an interim basis until a permanent successor CFO is named. McGonegal replaces the departing Robby Chang, who joined Riot in February 2018 as its CFO. The company will be immediately conducting an search to identify and appoint a permanent successor CFO.

RIOT Riot Blockchain
$1.81

-0.02 (-1.09%)

10/04/18
HCWC
10/04/18
NO CHANGE
Target $4
HCWC
Buy
Riot Blockchain price target lowered to $4 from $10 at H.C. Wainwright
H.C. Wainwright analyst Kevin Dede lowered his price target for Riot Blockchain to $4 from $10 but keeps a Buy rating on the shares. The "ugly ramifications" of Riot's CEO departure in early September compounded by an increasingly difficult bitcoin mining and pricing environment have temporarily upended the company's fundamental development, Dede tells investors in a research note partially titled "Industry Dynamics Strain a Temporarily Fractured Business Model." The analyst, however, sees a "silver lining" in Riot's focus and commitment to building its cryptocurrency trading platform, RiotX. Dede remains bullish on bitcoin's "eventuality in fulfilling its utilitarian currency potential."
04/05/19
HCWC
04/05/19
NO CHANGE
Target $5
HCWC
Buy
Riot Blockchain price target raised to $5 from $4 at H.C. Wainwright
H.C. Wainwright analyst Kevin Dede raised his price target for Riot Blockchain to $5 from $4 and keeps a Buy rating on the shares. While the company's full-year filing implies Q4 mining slowed, the "ramifications are deemed irrelevant" by the recent bitcoin pricing trend, Dede tells investors in a research note. The analyst believes that while the Riot Blockchain share price still appears clearly driven by bitcoin pricing, the company represents "far more than a simplistic crypto mining operation."

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