Riot Platforms, Inc. ($RIOT) Stock Forecast: Down 5.6% Today

What is Riot Platforms, Inc.?

Riot Blockchain, Inc. (RIOT) is a cryptocurrency mining company focusing on Bitcoin mining operations. The stock faced significant downward movement in the market.

Why is Riot Platforms, Inc. going down?

RIOT stock is down 5.6% on Jan 21, 2025 14:40

• Riot Platforms decided to halt the development of a 600 megawatt Bitcoin mining expansion, potentially sparking concerns about future growth and causing a bearish sentiment among investors.
• The company's shift towards exploring the potential use of remaining power capacity for AI/HPC applications instead of Bitcoin mining created uncertainty around its core business model, contributing to the stock price decline.
• RIOT's underperformance compared to other cryptocurrency-related stocks, which surged due to Bitcoin's rally, underscored its struggles, adding to the selling pressure on its shares.
• The stock's more substantial decline compared to the overall market hints at internal factors within the company aggravating its market performance and prompting investors to reconsider their positions.

RIOT Price Chart

RIOT Technical Analysis

RIOT News

What's Going On With Shares Of Bitcoin Miner Riot Platforms Tuesday? - Riot Platforms ( NASDAQ:RIOT )

Riot evaluates the potential development of remaining power capacity at the company's Corsicana Facility for AI/HPC use cases. Riot will halt the development of its previously announced 600 megawatt Bitcoin mining expansion at the Corsicana Facility. Get Wall Street's Hottest Chart Every Morning

https://www.benzinga.com/trading-ideas/movers/25/01/43098028/whats-going-on-with-shares-of-bitcoin-miner-riot-platforms-tuesday

The Zacks Analyst Blog NVIDIA, Coinbase, Robinhood, Riot and Interactive Brokers

NVIDIA, Coinbase, Robinhood, Riot and Interactive Brokers are included in this Analyst Blog.

https://www.zacks.com/stock/news/2400177/the-zacks-analyst-blog-nvidia-coinbase-robinhood-riot-and-interactive-brokers

Crypto Stocks Are On The Rise Today: What's Going On? - MicroStrategy ( NASDAQ:MSTR )

Bitcoin's recent rally, fueled by softer inflation data and pro-cryptocurrency policy speculation, has driven related stocks. Analysts highlight Bitcoin's technical setup and dominance metrics as critical indicators, while cautious optimism also rise. Get Real-Time News and Alerts for Your ...

https://www.benzinga.com/trading-ideas/movers/25/01/43062726/crypto-stocks-are-on-the-rise-today-whats-going-on

Buy 5 Crypto-Centric Stocks Likely to Gain Big From Bitcoin Rally

Five crypto-centric stocks have strong potential for 2025. These are: NVDA, COIN, HOOD, RIOT, IBKR.

https://www.zacks.com/stock/news/2398780/buy-5-crypto-centric-stocks-likely-to-gain-big-from-bitcoin-rally

Riot Platforms, Inc. ( RIOT ) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Riot Platforms, Inc. (RIOT) closed the most recent trading day at $13.29, moving -1.26% from the previous trading session.

https://www.zacks.com/stock/news/2398578/riot-platforms-inc-riot-sees-a-more-significant-dip-than-broader-market-some-facts-to-know

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Riot Platforms, Inc. Price History

17.00.2025 - RIOT Stock was up 5.1%

• RIOT experienced a robust upward movement today.
• The positive sentiment in the cryptocurrency market, particularly Bitcoin, is likely driving this bullish trend.
• The softer-than-expected Consumer Price Index (CPI) data might be contributing to the positive performance of Bitcoin mining stocks like RIOT, potentially signaling reduced inflation concerns.
• Despite suggestions of a bearish options frenzy in some discussions, RIOT's bullish movement seems to be predominantly influenced by general market optimism and positive industry trends.

17.00.2025 - RIOT Stock was up 5.4%

• RIOT stock surged today as Bitcoin's recent rally, driven by softer inflation data and positive sentiment towards cryptocurrencies, boosted related stocks.
• Analysts are optimistic about RIOT's potential growth, citing Bitcoin's technical setup and dominance metrics as key indicators.
• The overall positive sentiment towards crypto-centric stocks, including RIOT, is fueled by the ongoing Bitcoin rally and expectations for future gains.
• RIOT's bullish movement may also be influenced by the options frenzy surrounding the stock, with some investors taking a bearish stance but a significant portion opening trades with a bullish outlook.

21.00.2025 - RIOT Stock was down 5.6%

• Riot Platforms decided to halt the development of a 600 megawatt Bitcoin mining expansion, potentially sparking concerns about future growth and causing a bearish sentiment among investors.
• The company's shift towards exploring the potential use of remaining power capacity for AI/HPC applications instead of Bitcoin mining created uncertainty around its core business model, contributing to the stock price decline.
• RIOT's underperformance compared to other cryptocurrency-related stocks, which surged due to Bitcoin's rally, underscored its struggles, adding to the selling pressure on its shares.
• The stock's more substantial decline compared to the overall market hints at internal factors within the company aggravating its market performance and prompting investors to reconsider their positions.

08.00.2025 - RIOT Stock was down 5.2%

• Today's decline in RIOT's stock price might be due to investors taking profits following a period of strong gains.
• Reports of US Bitcoin miners stockpiling cryptocurrencies as a hedge against increasing costs could have raised worries about potential expense pressures affecting RIOT's profitability.
• The introduction of the 2X leveraged ETF linked to RIOT may have contributed to heightened volatility and uncertainty, leading some investors to offload their holdings.
• Despite the downtrend seen today, RIOT has shown superior performance compared to the market over the last 5 years, suggesting promising growth prospects and warranting attention for potential future investments.

08.00.2025 - RIOT Stock was down 5.0%

• RIOT stock saw a decline in value despite the positive developments in the Bitcoin mining industry and the company's operations.
• Concerns have arisen over the accumulation of Bitcoin by U.S. miners, including RIOT, as a strategy to hedge against increasing costs, which may impact the company's profitability and future earnings.
• Despite achievements in mining by CleanSpark and the introduction of a leveraged ETF for RIOT, investors are approaching Bitcoin mining stocks cautiously, leading to the downward movement in RIOT's stock price.
• While RIOT has shown consistent long-term growth over the last 5 years, current short-term apprehensions have outweighed these gains, contributing to the bearish trend in the stock's performance.

13.11.2024 - RIOT Stock was up 5.9%

• Riot Platforms acquired 5,117 Bitcoins valued at $510 million through a recent convertible bond issuance, potentially boosting investor confidence in its cryptocurrency market position.
• The entrance of activist investor Starboard Value as a stakeholder in Riot Platforms also played a role in the positive market sentiment, hinting at future growth opportunities and strategic plans.
• By raising $525 million in private convertible debt to purchase more Bitcoins, Riot Platforms is showcasing a strong dedication to expanding its digital asset portfolio and strengthening its standing in Bitcoin mining.
• Today's bullish movement in Riot Platforms' stock is a result of strategic acquisitions, investor attention, and forward-thinking financial strategies in the cryptocurrency sector.

24.11.2024 - RIOT Stock was up 6.3%

• RIOT stock witnessed a strong uptrend in today's trading session.
• The market's positive outlook on cryptocurrencies, reflected in Bitcoin's nearing value of $100,000, likely influenced RIOT's upward movement.
• Favorable endorsements from financial experts discussing RIOT as a promising investment might have bolstered investor trust in the stock.
• RIOT's notable performance in the last 5 years, surpassing market benchmarks significantly, may have attracted investors seeking enduring growth prospects in the cryptocurrency industry.

24.11.2024 - RIOT Stock was up 5.8%

• Analysts from Wall Street hold a positive view on RIOT, recommending it as a Buy, reflecting optimism towards the stock.
• RIOT has demonstrated remarkable outperformance compared to the market over the last 5 years, with an average yearly return of 55.6%, likely influencing the present bullish trend.
• The optimistic forecasts by analysts and RIOT's strong historical performance seem to have bolstered investor confidence, driving the bullish market activity witnessed today.

14.00.2025 - RIOT Stock was up 9.2%

• There is a notable bearish stance in the options market for RIOT, as 33% of trades have been opened with a bullish outlook. This divergence in sentiment between options traders and the broader market movement is worth noting.
• Despite the bearish options activity, Wall Street analysts are optimistic about RIOT, recommending adding the stock to portfolios. This disparity in information may be contributing to the stock's price volatility.
• U.S. Bitcoin miners, including RIOT, are accumulating Bitcoin as a defensive strategy against increasing costs and industry competition. This strategic decision could be a factor in RIOT's bullish performance, as investors perceive long-term potential in the company's actions.
• The strong performance of RIOT today could be attributed to a combination of bullish market sentiment, conflicting analyst recommendations, and strategic moves by Bitcoin miners.

03.00.2025 - RIOT Stock was up 6.1%

• The introduction of RIOX, the first 2X leveraged single-stock ETF on Riot Platforms, Inc., potentially excited investors, resulting in increased buying pressure on RIOT stock.
• Riot Platforms' notable performance over the past 5 years, surpassing the market by 34.28% annually, likely enhanced investor confidence and drew more interest to the stock.
• The convergence of these factors probably contributed to today's strong bullish movement in RIOT stock, with investors responding positively to the company's growth prospects and market outperformance.

15.00.2025 - RIOT Stock was up 11.2%

• The rise in RIOT stock price may be linked to favorable Consumer Price Index (CPI) figures, influencing the performance of Bitcoin mining companies like RIOT, MARA, and CLSK positively.
• Volatility in the stock price of RIOT was observed due to heightened options trading activity on RIOT Platforms, including some investors holding a bearish view. However, the overall market sentiment suggested a bullish outlook.
• The confluence of propitious market conditions for Bitcoin mining stocks and increased options trading on RIOT Platforms likely played a part in the robust bullish movement seen in RIOT stock today.

19.11.2024 - RIOT Stock was down 8.2%

• The acquisition of 5,117 Bitcoin for $510 million by RIOT Platforms may have impacted the stock negatively today. Despite the acquisition being viewed positively, concerns about the high cost and its financial implications could have led to a bearish movement in the stock.
• The disclosure of activist investor Starboard Value's investment in RIOT Platforms could have initially boosted the stock, but profit-taking and market sentiment may have resulted in a bearish movement as investors reconsidered the stock's valuation.
• The general bearish trend in the market today may have also influenced the downward movement in RIOT's stock price, with investors potentially selling off riskier assets like Bitcoin-related stocks in favor of more secure investments.