BlackRock Amends Riot Platforms Stake as of Dec 31, 2023
Ticker: RIOT · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1167419
| Field | Detail |
|---|---|
| Company | Riot Platforms, Inc. (RIOT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Riot Platforms stake; watch for potential market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of Riot Platforms, Inc. common stock as of December 31, 2023. This amendment, filed under Rule 13d-1(b), indicates a change in BlackRock's beneficial ownership, which is important for investors as BlackRock is a major institutional investor and its holdings can influence market perception and stock stability for Riot Platforms.
Why It Matters
This filing shows BlackRock's updated position in Riot Platforms, signaling its continued interest or a shift in its investment strategy, which can impact investor confidence.
Risk Assessment
Risk Level: low — This is a routine update from a major institutional investor and does not inherently signal high risk.
Analyst Insight
Investors should note BlackRock's continued or adjusted position in Riot Platforms, but without specific share count changes, it's primarily an update on institutional ownership rather than a strong buy/sell signal.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Riot Platforms, Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A
- 0001364742 (number) — Central Index Key (CIK) for BlackRock Inc.
- 0001167419 (number) — Central Index Key (CIK) for Riot Platforms, Inc.
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., with CIK 0001364742.
What company's securities are the subject of this filing?
The subject company is Riot Platforms, Inc., with CIK 0001167419, and the securities are its Common Stock.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding Riot Platforms, Inc. (RIOT).