
Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.
Riot Blockchain, Inc., focuses on the cryptocurrency mining operation in North America. The company is headquartered in Castle Rock, Colorado.
| Revenue (TTM) | $675.71M |
| Gross Profit (TTM) | $161.19M |
| EBITDA | $-887.76M |
| Operating Margin | 11.70% |
| Return on Equity | -50.50% |
| Return on Assets | -21.80% |
| Revenue/Share (TTM) | $1.93 |
| Book Value | $5.69 |
| Price-to-Book | 2.63 |
| Price-to-Sales (TTM) | 8.20 |
| EV/Revenue | 8.57 |
| EV/EBITDA | 11.37 |
| Quarterly Earnings Growth (YoY) | -96.20% |
| Quarterly Revenue Growth (YoY) | 0.70% |
| Shares Outstanding | $375.18M |
| Float | $349.07M |
| % Insiders | 6.84% |
| % Institutions | 87.10% |
Volatility is currently expanding

Investors are pricing crypto miners as AI data center developers, and the gap between the miners and the coin they produce is on full display. Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) stock is at $16.

Wall Street firms and other large investors added bitcoin exposure in the second quarter even as bitcoin's 14% price drop sent smaller investors to the exits, according to CoinShares' Bitcoin 13F Q2 2026 report. Key Takeaways: Hedge funds cut bitcoin ETF exposure 22%, leaving them with less than half their 2025 year-end holdings.

Riot Platforms' $38B in AI data center leases marks a major shift from Bitcoin mining, with ambitious revenue targets, debt financing and deployment plans in focus.

Riot Platforms (RIOT) shifts toward stable energy infrastructure with a 910 MW, $1.8B AI data center deal at Corsicana, Texas. Q3 2026 results show improved mining efficiency, significant BTC sales for $1.5B cash, and a pivot to triple net lease agreements. Financing for Corsicana's $5.5B buildout remains uncertain, with risks from potential leverage and Texas's new political climate threatening data center approvals.

Riot Platforms, Inc. (RIOT) Q3 2026 Earnings Call Transcript

Although the revenue and EPS for Riot Platforms, Inc. (RIOT) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Riot Platforms, Inc. (RIOT) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.34 per share. This compares to earnings of $0.26 per share a year ago.

Riot Platforms Inc. (NASDAQ:RIOT) shares are soaring Wednesday after reporting third-quarter results that beat analyst expectations on both earnings and revenue.

Investors are sorting the crypto miners turned AI landlords by who has signed tenants, and Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) is pulling away from the group. Riot stock is at $16.88, up 20% in early action.

Executed a 15-year, 910 critical IT MW triple-net powered land lease with a leading Frontier AI Lab at Corsicana, representing approximately $28 billion in total contract value and approximately $1.8 billion in average annual rent over the initial term
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