RIOT PLATFORMS INC (RIOT)
Information Technology · Bitcoin mining and AI data center infrastructure · NASDAQ
Riot Platforms is a vertically integrated Bitcoin miner and emerging data center operator leveraging 1.2+ GW of owned power infrastructure across Texas and Kentucky to serve AI and HPC customers alongside its growing self-mining operations.
What RIOT PLATFORMS INC does
Riot Platforms is a vertically integrated digital infrastructure company that operates large-scale data center facilities in Texas and Kentucky, with dual revenue streams from Bitcoin mining and emerging data center leasing services. The company owns and operates three major facilities: the Rockdale Facility (700 MW capacity), the Corsicana Facility (400 MW current, expanding to ~1 GW), and the Kentucky Facility (137 MW, targeting 232 MW by end of 2026). The company is strategically transitioning from a bitcoin mining-focused enterprise to a diversified data center operator supporting AI and high-performance computing workloads alongside its core self-mining operations.
Themes: ["Bitcoin mining / cryptocurrency infrastructure","AI data centers / high-performance computing","Power infrastructure and energy optimization","Large-scale compute infrastructure monetization","Digital infrastructure leasing"]
Fundamentals
- Price$21.51 as of 2026-07-09 close
- Market cap$8.3B as of 2026-07-10
- 1-year return+75.7% as of 2026-07-09 close
- Net margin-132.8% as of 2026-07-10
- Gross margin+32.4% as of 2026-07-10
- ROE-28.8% as of 2026-07-10
- Debt / equity0.35 as of 2026-07-10
- Revenue growth (YoY)+42.4% as of 2026-07-10
- Revenue CAGR (3y)+35.7% SEC XBRL
- Beta3.86 as of 2026-07-10
Key risks (from latest filing)
["Bitcoin price volatility directly impacts mining profitability and revenue; material price declines could materially adversely affect operations and financial results","Significant capital expenditure requirements for facility expansion, equipment procurement, and power infrastructure development; execution risk on timelines and cost control","Competitive pressure from large technology companies and established data center operators entering the AI/HPC infrastructure market; risk that anticipated demand for large-scale data centers and compute capacity may not materialize as expected"]
Competitors & peers
- Marathon Digital Holdings (MARA)
- Cliffside Mining
- Core Scientific
- Hut 8 Mining
- Applied Digital (APLD)
- CoreWeave
- Equinix (EQIX)
- Digital Realty (DLR)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.