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A Dive Into RIOT
RIOT Platforms
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The RIOT Report
Riot Platforms, Inc. (RIOT) is a vertically integrated Bitcoin mining company, a key player in the North American digital infrastructure sector. Its primary segments are Bitcoin Mining, Data Center Hosting, and Engineering. As a Bitcoin miner, the company's performance is highly correlated with the price of Bitcoin and the overall network difficulty.
Fundamental Analysis
Metric | Value | Interpretation |
Market Cap | ≈$6.3 Billion | Mid-cap company in the volatile crypto space. |
Price/Sales (P/S) | ≈11.65 | Higher than industry average, suggesting investors are paying a premium for future sales growth. |
Price/Earnings (P/E) | Negative (≈−36.80 TTM) | Indicates the company is currently unprofitable, common for high-growth or capital-intensive companies like Bitcoin miners. |
Current Ratio | ≈1.38 | Greater than 1, suggesting the company has enough short-term assets to cover its short-term liabilities (decent liquidity). |
Profitability | Negative (Return on Assets, Return on Equity) | The company is not currently generating positive returns on its assets or equity. |
Key Takeaway: RIOT is a growth stock in an evolving, high-risk sector. While valuation metrics like P/S appear high, the company is valued based on the potential of its massive scaling and vertical integration efforts, particularly its low-cost mining efficiencies. Its financial strength (liquidity) is generally healthy, but profitability remains a challenge, tied closely to Bitcoin price and energy costs.
Technical Analysis
Recent price action for RIOT has been highly volatile and largely correlated with the movements of Bitcoin.
Moving Averages: Most key moving averages (EMA10, SMA20, SMA50) currently signal a Bullish trend, indicating short-to-medium-term upward momentum.
Nasdaq Dorsey Wright Rating: RIOT currently has a High Technical Rating by Nasdaq Dorsey Wright, suggesting positive momentum and relative strength.
52-Week Range: The stock has traded between ≈$6.19 and ≈$18.30 over the last 52 weeks, demonstrating significant volatility.
Technical Outlook: The overall short-term technical indicators suggest a positive setup, but investors must be highly aware of the stock's sensitivity to sector-specific (Bitcoin price) and broader market (regulatory/macro) news.
Big News
Production and Operations Updates (September 2025): Riot released its August 2025 production and operations update, which provides investors with key metrics like the amount of Bitcoin mined and the operational hash rate. These monthly updates are critical for assessing the company's scaling progress.
Corporate Treasury Bitcoin Holdings (September 2025): News about the acceleration of the "Corporate Treasury Revolution" and the surge in Bitcoin holdings by corporate entities has been a tailwind for RIOT and other crypto-related stocks.
Bitcoin/Crypto Stocks Slide (September 2025): The stock recently experienced a dip, along with the broader crypto sector, following a pullback in Bitcoin prices and a risk-off sentiment in the market. This highlights the tight correlation between the stock and its underlying digital asset.
Bitfarms Ltd. Beneficial Ownership Reports (July/June 2025): RIOT has been actively reporting an increasing beneficial ownership stake in competitor Bitfarms Ltd., signaling potential strategic moves or acquisition interest within the Bitcoin mining industry.
Expert Recommendations and Forecast
Consensus | Average Target | Range (Low-High) | Number of Analysts |
Buy / Strong Buy | ≈$19.06 - ≈$18.94 | ≈$13.75 to ≈$22.00 | 16−18 |
Expert Consensus: The majority of analysts covering RIOT maintain a Buy or Strong Buy recommendation, reflecting confidence in its long-term strategy, operational efficiency, and aggressive scaling plans. The average price target suggests a modest to significant upside from the current price.
Earnings and Outlook
Estimated Earnings Date: RIOT Platforms is currently estimated to report its next earnings on October 29, 2025, after market hours.
Consensus EPS Forecast (Q3 2025): Analysts anticipate an Earnings Per Share (EPS) of ≈−$0.19. This represents a potential improvement compared to the same quarter last year (≈−$0.54).
Outlook: The company's immediate financial outlook remains highly dependent on the price of Bitcoin and its ability to continue its hash rate expansion while managing energy costs. The market will also focus on the performance of its smaller but growing Engineering segment and updates on its strategic positioning within the industry. Analysts often project significant growth in cash flow for RIOT in the coming years, suggesting a focus on long-term value over short-term profitability.
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