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RIRIOT

Riot Platforms, Inc.

$RIOT·$7.8B·Hardware, Equipment & Parts·Technology
$19.00+0.0%YTD+65.7%1Y+34.8%
Mentions · last 7 days
2026-08-22: 48 posts797+6%
Price updated 3h ago·X counts updated 9d ago
RIRIOT
$RIOTRiot Platforms, Inc.
$19.00+0.03%797 posts+6%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $RIOT, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Comeback attemptCooling offAI verdict · as of 2026-08-30

Catching its breath after a run — could pick back up or fade from here.

Bitcoin miner reinventing itself as AI landlord — the 20-year lease is what the equity is really pricing.

Riot Platforms was built as a Bitcoin miner and is repositioning itself as an AI/HPC data-center operator on the same land, power, and interconnect it built for mining. The stock is up 66% YTD and 38% TTM, and today's 9% drop is a check on how tightly that reinvention thesis is priced.

  • The mining P&L is still ugly: quarterly revenue ran $153M, $180M, $153M, $167M at negative gross margin as low as -40%, EPS printed $0.65, $0.30, $-1.86, $-1.44 across the last four quarters — analysts model $659M full-year revenue and a $2.03 EPS loss, so the equity value is not in the mining machine, it's in the megawatts.
  • The AI-lease disclosure is the whole re-rate: a 20-year data-center lease for 191 MW of critical IT capacity at the Rockdale, Texas campus with an approximately $9.1B initial contract value — that number is more than the current market cap by itself, and it converts what had been depreciating mining infrastructure into a long-duration lease stream.
  • The financing side is now sturdier: Riot DC Logistics signed a Morgan Stanley-led credit facility that funds build-out without an equity raise, and Druckenmiller opened a fresh 754,800-share position — those are the institutional signals a pivot needs.

A Q3 print on Oct 29 that shows AI-lease revenue starting to recognize and firmer power-uptime data extends the pivot; another purely-mining quarter with continued negative gross margin, or a delay in the Corsicana Facility LOI, is what turns 'cooling' into a real reset toward book value on the powered-shell business.

Agrees with X sentimentX's bullish framing is well-anchored on the mechanics — the 20-year 191 MW lease and Druckenmiller's fresh position are legitimate signals — but the 'nearly all grid-interconnect sites are convertible' extrapolation is aspirational, not a done deal.

What to watch: The Oct 29 Q3 print — first recognition of AI-lease revenue, updates on the Corsicana LOI, and power-uptime metrics. A delay on Corsicana or a still-purely-mining quarter is what forces a real reset.

On the calendar: 2026-10-29 — Q3 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment43 posts analyzed · as of 2026-08-30

The conversation pivots hard on Riot's 20-year, 191MW Anthropic lease at Rockdale worth roughly $9.1B, with extension options potentially taking the deal to $16.1B. Stanley Druckenmiller's Duquesne opened a fresh 754,800-share position, and Morgan Stanley expects the full Corsicana site leased by end of September. Bears note revenue is only $675M TTM, operating margin negative 122%, and full ramp does not reach load until June 2028, so the tenant story is doing the work.

Read the AI verdict + X sentiment for $RIOT

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Mines Bitcoin at large scale in Texas data centers using low-cost power contracts.

Industry overviewAI analysisGenerated by AI from underlying data

Where Hardware, Equipment & Parts sits in its cycle right now — and what that implies for $RIOT.

Hardware, Equipment & Parts · Technology

AI server infrastructure buildout drives compute shipment volumes; Dell and HPE are riding the same hyperscaler capex wave that lifted NVDA. Non-AI commercial refresh remains soft, so the bull case is concentrated in AI infrastructure exposure.

What this means for $RIOT

Partial — cloud infrastructure exposure benefits indirectly from hyperscaler capex; core business is Riot Platforms, Inc.

Top industry ETF

$SOXXiShares Semiconductor ETF
+75.7%YTD
+110.5%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-10.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-14.0%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-70.2%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-10.0%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
15.7Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-28.8%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
-23.8%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.1Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q2 2026Aug 10, 2026$-0.68$-0.30-124.2%
Q1 2026Apr 30, 2026$-1.44$-0.33-336.4%
Q4 2025Mar 2, 2026$-2.03$-0.22-822.7%
Q3 2025Oct 30, 2025$0.26$-0.19+236.8%
Next earningsThu, Oct 29·consensus EPS $-0.31

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$167.2M+3.6%-39.6%-85.1%$-1.44$-298.1M
Q4 FY25$152.8M+7.2%-36.4%-89.8%$-1.86$-188.0M
Q3 FY25$180.2M+112.6%-6.8%-45.5%$0.30$-245.8M
Q2 FY25$153.0M+118.5%-13.9%-63.5%$0.65$-291.7M

Forward consensus

5-year forecast · up to 15 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$659.0M$579.4M – $767.7M-$2.03-$2.32 – -$1.6715
FY27$787.4M$632.5M – $904.0M-$0.83-$1.58 – -$0.2914
FY28$905.0M$451.4M – $1.3B-$0.48-$0.90 – -$0.0311
FY29$1.9B$1.5B – $2.3B$2.10$1.47 – $2.715
FY30$2.8B$2.1B – $3.4B$0.95$0.66 – $1.235

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.8×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.40%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-13.3%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+2.5%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 348.8M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today5.0% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β3.855-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 5Ryan D. WernerSVP, CAO47.7K sh$1.1MSellJul 7Ryan D. WernerSVP, CAO17.8K sh$384KSellJun 22Jason LesCEO62.7K sh$1.9MSellJun 22Ryan D. WernerSVP, CAO25.4K sh$761KSellMay 27Ryan D. WernerSVP, CAO37.6K sh$997KSellMay 11Jason LesCEO175.0K sh$4.4M
+ 13 other (6 inkinds · 4 awards · 1 gift · 1 exempt · 1 return) in window

See when $RIOT insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementAug 148-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

Riot DC Logistics, LLC, a wholly owned subsidiary of Riot Platforms, Inc., entered into a credit agreement on August 10, 2026 with Morgan Stanley Senior Funding as administrative agent for a senior secured delayed-draw term loan facility of up to $573.0 million. The facility is available for drawing during a defined Availability Period. This significant debt facility for a Bitcoin mining/data center subsidiary signals Riot is funding major infrastructure buildout; a $573M secured facility is transformative in scale for Riot's capital structure.

8-KOfficer or director changeJun 158-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

Riot Platforms, Inc. (RIOT) reported director/officer changes (Item 5.02) and annual meeting vote results (Item 5.07) in an 8-K filed June 15, 2026. Body unavailable — excerpt cuts off before specific personnel change details and vote tallies are disclosed.

8-KMaterial agreementApr 278-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

RIOT entered into a credit agreement (8-K Item 1.01, dated 2026-04-27). Counterparty: Company, as the borrower, and Coinbase Credit, Inc.. Material definitive agreement — investors should review the full exhibit for covenants, conditions, and use of proceeds.

8-KCharter amendmentApr 18-K — Item 5.03: Charter amendment
AI summary

RIOT filed an 8-K (Item 5.03) dated 2026-04-01. – Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On March 26, 2026, in response to a non-binding advisory vote approved by the stockholders of Riot Platforms, Inc.

+ 13 other (5 13Gs · 2 10-Qs · 2 proxys · 1 8-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Crypto Mining Stocks Rally as Bitcoin Hovers Around $80K: MARA Jumps 7%, TeraWulf and IREN Climb 5%247wallst.com·7d agoStrategy Remains Down 20% in 2026: A Prominent Analyst Still Sees 265% Upside After Downward Adjustment247wallst.com·8d agoBenzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yetbenzinga.com·10d agoCleanSpark Sinks 6% Even as Bitcoin Jumps 7%, MARA Holds Flat as Traders Weigh Tensions Among AI Miners247wallst.com·11d agoBitcoin, crypto shares climb after Trump pushes Clarity Actreuters.com·12d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI InfrastructureCrypto Equity Plays

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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