Latest news with #Corsicana
Yahoo
07-08-2025
- Business
- Yahoo
JonesResearch upgrades Riot to Buy, sees 55% upside on HPC execution
JonesResearch upgraded Riot Platforms (RIOT) to a Buy rating, boosting its price target to $18 from a prior Hold following a 13% pullback after Q2 results and insights gathered during a recent San Francisco non-deal roadshow. At the August 6 closing price of $11.66, the new target implies roughly 55% upside. JonesResearch cited strengthened confidence in Riot's ability to secure a HPC lease at its Corsicana site, where an additional 600 MW of power capacity benefits from pre-SB6 grandfathered status under evolving Texas regulations. While some HPC premium—reflecting market expectations of an initial ~150 MW deal—is already priced in, JonesResearch argues that even a smaller 100 MW agreement would act as a catalyst for the broader 600 MW opportunity. In its sum-of-the-parts valuation, JonesResearch assigns the Corsicana 600 MW build-to-suit lease an equity value of $4.11 billion–$6.71 billion (equivalent to $11.13–$18.16 per share), assuming a 12-year lease with 75% EBITDA margins and 15x–20x EV/EBITDA multiples. The mining business is valued at a 6.0x EV/EBITDA multiple on a blended 2025–26 EBITDA forecast of $161 million, supporting the overall $18 price target. Operational improvements also underpinned the upgrade: Riot's average mining uptime rose to 86.4% from October 2024 through July 2025, versus 67.9% from January 2022 to September 2024, and management expects further SG&A leverage and lower litigation expenses in H2 2025. With the Corsicana basis of design slated for completion by Q3 2025 and a lease possible by year-end or early 2026, JonesResearch views the risk/reward as attractive entering the next phase of execution. Jones' Buy rating comes about a week after JP Morgan downgraded hybrid miners, including IREN and RIOT, arguing that the valuations were 'stretched' given long sales cycles and uncertain deal time of publication, RIOT is up 1.7% from yesterday's close. Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
Call for offers: Top Texas agents announce time-sensitive chance to acquire rare lots in private, lakeside neighborhood in charming Corsicana, about an hour from Dallas
DALLAS, July 30, 2025 /PRNewswire/ -- The award-winning TT Ranch Group with Briggs Freeman Sotheby's International Realty has issued a call for offers on two rare properties in the coveted Arrowhead neighborhood on Richland-Chambers Lake in Corsicana, Texas. Offers are being accepted from July 30, 2025, through August 27, 2025. Richland-Chambers Lake is one of Texas' largest and most scenic reservoirs, offering more than 41,000 acres of water and 330 miles of shoreline just 65 miles south of Dallas. Known for its superb fishing, the lake draws anglers year-round because of its hybrid striped bass, white bass, crappie, catfish and largemouth bass. Boating, sailing and watersports are popular, too, thanks to lake's expansive layout and multiple marinas. Arrowhead is a neighborhood of privacy, security and relaxation. With site-built homes only, each a minimum of 2,000 square feet of heated and cooled living space, it offers gated access, a private boat ramp and underground co-op electricity and co-op water, all just 10 miles from Corsicana Municipal Airport and minutes from Corsicana's famously charming restaurants, shops and art galleries. The larger property of the two being offered is one of the last remaining lakefront properties in Arrowhead. At more than 26 tree-covered, subdividable acres, it is an unparalleled opportunity to create a dream oasis, with stunning waterfront views and access. It offers waterfront footage, ample space for horses and the freedom to create a uniquely personal retreat with a private boat dock. The property, at 61573 La Bota, is listed for $995,000. The second property offered is one of the few remaining large tracts in Arrowhead. The 6-acre, subdividable lot is blanketed with mature trees and offers a peaceful, private setting with convenient access to the lake. Whether realized as a weekend retreat or a year-round residence, this scenic property is the perfect canvas in one of the premier communities on Richland Chambers Lake. The property, at 61583 La Bota, is listed for $199,000. Visit the property webpages linked below to view the complete listings and to download brochures with all the necessary information. For questions, additional details and to initiate the offer process, contact either listing agent: Arlene Kirkland, global real estate advisor, Briggs Freeman Sotheby's International Realty, akirkland@ 214-477-7820, or Tyler Thomas, founder, TT Ranch Group, tthomas@ 214-718-2800. LINKS TO EACH PROPERTY: View original content to download multimedia: SOURCE Briggs Freeman Sotheby's International Realty
Yahoo
19-07-2025
- Business
- Yahoo
Riot Platforms (RIOT) Sees 115% Stock Price Surge Over Last Quarter
Riot Platforms recently announced a June 2025 production increase to 450 Bitcoin, a significant jump from 255 Bitcoin the previous year. Despite this operational success, the company faced challenges with removal from various Russell indices by the end of June. Over the last quarter, RIOT's stock exhibited a remarkable 115% price increase, contrasting the flat market performance in the last week and a 15% rise over the past year. While Riot's operational achievements supported growth, index removals might have tempered gains, contributing to a complex relationship between company performance and broader market trends. You should learn about the 3 weaknesses we've spotted with Riot Platforms (including 1 which is a bit concerning). We've found 17 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. The recent announcement of Riot Platforms' operational success in boosting Bitcoin production to 450 units by mid-2025 marks a pivotal moment for the company. This development aligns with Riot's broader strategy of leveraging its Corsicana and Rockdale facilities to enhance mining capacity and explore AI/HPC opportunities. However, the removal from several Russell indices could temper market enthusiasm and underscore how external factors, like index inclusions, can impact stock performance despite improving operational metrics. Over the past five years, Riot Platforms' shares exhibited a very large total return of 524.32%, underscoring significant long-term value creation amidst a challenging landscape. In comparison, the stock's performance matched the US market's 15% return over the past year. This long-term growth contextualizes the 115% price increase over the recent quarter, although market dynamics, like fluctuations in Bitcoin prices and competitive pressures, remain influential. The price surge highlights investor optimism, contrasting the market's relatively flat recent performance. With a current share price of US$13.86, Riot is trading at a 17.36% discount to the consensus analyst price target of US$16.27. Analysts anticipate annual revenue growth of 20%, yet profitability remains a distant goal as earnings forecasts continue to project a loss. The company's focus on increasing Bitcoin holdings and expanding its hash rate suggests potential for revenue and asset value growth, although inherent risks like Bitcoin volatility and capital expenditure demands persist. Learn about Riot Platforms' future growth trajectory here. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include RIOT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
30-05-2025
- Health
- CBS News
Pregnant teen in ICU after Corsicana double shooting; police seek leads
A pregnant teen is fighting for her life at a Dallas hospital after being shot in the abdomen during a double shooting earlier this week in Corsicana. According to police, officers responded to the 400 block of South 31st Street around 9 p.m. Sunday after reports that two women had been shot. Victim identified as teen mother 17-year-old Malaina Gonzales Gonzales family Family members identified the mother-to-be as 17-year-old Malaina Gonzales. In addition to Gonzales, who is six months pregnant, her friend was shot in the left forearm, family members told CBS News Texas. Witness thought it was fireworks The family, who was hosting a holiday weekend cookout, heard what they said sounded like fireworks, according to police. "[A witness] looked on the front porch of the house and observed the two females had been shot and were trying to get into the house," Police Chief Robert J. Johnson said in a news release. "The resident did see what he thought to be muzzle flashes coming from the street area." Teen undergoes multiple surgeries The two victims were taken to Navarro Regional Hospital before Gonzales was flown to a Dallas hospital, where she remains in the ICU in critical condition, according to police. The second victim was treated and released. Gonzales' mother, Gabby Gonzales, told CBS News Texas her daughter has a fractured spine, underwent surgery on her colon, kidney and pancreas, and had her gallbladder removed. Unborn child expected to recover Gonzales family But thankfully, Gabby Gonzales said doctors believe the baby is doing okay. However, she said the experience has been a nightmare for the family. "My heart stopped. I thought my daughter was going to die. I really thought she was going to die," Gabby Gonzales said with tears in her eyes. "You never think that you're going to go through something like this, and then you have to watch your child suffer. She didn't deserve it and she's pregnant. I want justice." Gabby Gonzales believes the crime could have been a targeted attack. Investigation ongoing, police say Detectives are seeking surveillance footage from nearby homes, and forensic evidence is being collected. Anyone with information is urged to contact Corsicana police at (903) 654-4902.
