Riot Platforms operates a cash-burning Bitcoin mining business with a quality score of 2.1 below the minimum threshold, trading above analyst consensus targets with 18% short interest and a put/call ratio of 3.42, making the risk profile highly unfavorable regardless of the Bitcoin price direction.
Thesis pillars
- Cash Burn Quality Floor Breach→Stable
- Extreme Bearish Positioning↓Deteriorating
- Earnings Volatility Pattern↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Mar 2, 2026· older than 90 days
Riot Platforms, Inc. (RIOT) Stock Analysis
Range Bound setup
Financial Services · Capital Markets
Sell if holding. Engine safety override at $15.37: Quality below floor (2.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10 and A.R:R 4.4:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 16%; Elevated put/call ratio: 2.13; Below-average business quality.
Riot Platforms operates large-scale Bitcoin mining and data center facilities in Texas (Rockdale 700 MW, Corsicana 400 MW) and Kentucky (~137 MW), with 38.5 EH/s deployed hash rate at December 31, 2025, mining 5,686 bitcoin in 2025. Revenue comes primarily from block rewards... Read more
Sell if holding. Engine safety override at $15.37: Quality below floor (2.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10 and A.R:R 4.4:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 16%; Elevated put/call ratio: 2.13; Below-average business quality. Chart setup: RSI 49 mid-range, Bollinger mid-band. Score 5.5/10, moderate confidence.
Passes 8/8 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news boost analyst 0.60, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
Recent developments
updated Nov 5, 2026Recent Developments — Riot Platforms, Inc.
Latest news
- NEWS Needham Maintains Buy on Riot Platforms, Raises Price Target to $31 — benzinga Nov 5, 2026 positive
- NEWS HC Wainwright & Co. Maintains Buy on Riot Platforms, Raises Price Target to $35 — benzinga Nov 4, 2026 positive
- NEWS 10 Information Technology Stocks With Whale Alerts In Today’s Session — benzinga Nov 4, 2026 neutral
- NEWS Cantor Fitzgerald Reiterates Overweight on Riot Platforms, Raises Price Target to $37 — benzinga Nov 4, 2026 positive
- NEWS Reported Earlier: Riot Platforms Signs 15-Year, $28 Billion Powered Land Lease For 910 MW Of AI Data Center Capacity At — benzinga Nov 4, 2026 positive
Latest item Nov 5, 2026 · Generated 2026-11-05T11:49:11Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
5 floor-breakers
Unprofitable operations — net margin -196.3%. Quality floor flags this regardless of sector context.static
Volatile — 8.7% daily ATR makes tight stops impractical. Position-size conservatively.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $15.37: Quality below floor (2.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10 and A.R:R 4.4:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 16%; Elevated put/call ratio: 2.13; Below-average business quality. Chart setup: RSI 49 mid-range, Bollinger mid-band. Prior stop was $14.29. Score 5.5/10, moderate confidence.
Analyst target: $25.50 (+65.9% upside). Prior stop was $14.29. Stop-loss: $14.29.
Quality below floor (2.4 < 4.0); Value-trap signals (2/5): Margin compression (op margin 2.3%), High leverage (D/E 8.8).
Riot Platforms, Inc. trades at a P/E of N/A (forward -16.1). TrendMatrix value score: 7.2/10. Verdict: Sell.
28 analysts rate RIOT, with a consensus score of 4.1/5. 22 analysts publish price targets averaging $28.
What does Riot Platforms, Inc. do?Riot Platforms operates large-scale Bitcoin mining and data center facilities in Texas (Rockdale 700 MW, Corsicana 400...
Riot Platforms operates large-scale Bitcoin mining and data center facilities in Texas (Rockdale 700 MW, Corsicana 400 MW) and Kentucky (~137 MW), with 38.5 EH/s deployed hash rate at December 31, 2025, mining 5,686 bitcoin in 2025. Revenue comes primarily from block rewards under a Full-Pay-Per-Share mining pool arrangement plus engineering services. In January 2026, Riot signed a 10-year data center lease with AMD for 25 MW at Rockdale.