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Upturn AI Summary - About
Riot Platforms, Inc.(RIOT)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for RIOT
10/23/2026: RIOT (1-star) is currently NOT-A-BUY. Pass it for now.
Riot Platforms is a major US-based digital asset miner that has evolved into a diversified infrastructure firm. Its primary strength lies in its vertically integrated operations, which include both large-scale Bitcoin mining and the manufacturing of electrical switchgear. The company's main growth opportunity centers on transitioning from pure Bitcoin mining toward higher-margin AI and high-performance computing hosting. However, investors must consider the significant risks posed by Bitcoin price volatility, industry-specific regulatory pressure, and high capital expenditure requirements. Riot is best suited for growth-oriented investors with high risk tolerance who are looking for leveraged exposure to the digital asset ecosystem and data center sector.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Riot offers high-beta exposure to the growth of the Bitcoin ecosystem and digital infrastructure. |
| Momentum investor | Strong fit while signal remains positive | The stock frequently exhibits strong price action during Bitcoin bull cycles. |
| Value investor | Weak fit | The company's valuation is often tied to volatile sentiment rather than traditional fundamental metrics. |
| Dividend investor | Weak fit | Riot does not pay dividends and retains all capital for growth. |
| Low-risk investor | Weak fit | The extreme price volatility makes this unsuitable for conservative risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock's value is tightly coupled with the highly volatile price of Bitcoin. |
| Valuation risk | High | Market valuations for mining stocks often decouple from underlying cash flows. |
| Competition risk (Mining capacity) | High | The sector faces constant pressure from peers expanding their hash rates. |
| Business quality | Medium | The business relies on capital-intensive hardware that requires periodic replacement. |
| Dividend income | Low / none | There is no income generation for shareholders through dividends. |
| Execution risk | Medium / high | Successfully scaling large-scale mining facilities involves complex operational logistics. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Highly Choppy
The stock has experienced frequent, large price swings that make its near-term movement less predictable.
Analysis of Past Performance
Type Stock | Historic Profit -7.92% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.70B USD | Price to earnings Ratio - | 1Y Target Price 30.38 |
Price to earnings Ratio - | 1Y Target Price 30.38 | ||
Volume (30-day avg) 16.9M shares | Beta 3.76 | 52 Weeks Range 11.50 - 30.32 | Updated Date 10/24/2026 |
52 Weeks Range 11.50 - 30.32 | Updated Date 10/24/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -3.89 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Bitcoin Mining | Operation of ASIC hardware to validate transactions and earn BTC rewards. | The company acts as a proxy for the price of Bitcoin with added operational expenses. |
| Data Center Hosting | Leasing power and space to third-party miners or AI/HPC users. | Provides a more stable, recurring revenue stream compared to pure mining. |
| Electrical Infrastructure | Manufacturing switchgear and power equipment via ESS Metron. | Diversifies revenue into the broader data center and industrial construction market. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 20.88 | Enterprise Value 8.62B | Price to Sales(TTM) 6.97 |
Enterprise Value 8.62B | Price to Sales(TTM) 6.97 | ||
Enterprise Value to Revenue 12.78 | Enterprise Value to EBITDA 34.88 | Shares Outstanding 375.26M | Shares Floating 349.14M |
Shares Outstanding 375.26M | Shares Floating 349.14M | ||
Percent Insiders 6.84 | Percent Institutions 86.98 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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