RIOT Riot Platforms, Inc.

bearish track record → $17.41 -0.70 (-3.9%)
Get emailed when RIOT changes direction
Mkt Cap $7B 52wk $6.25 - $23.93 Earnings 2026-04-30 48d ago
Insider selling: $10,744,976 sold by 14 insiders (30d)
Est. revisions: +8.6%
Backed by structured data (insider trades, analyst ratings, or filings)
Factor Model (net +1.3)

Factor Model

net +1.3 3.7 / 10
Est. Revisions
+0.5
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
+0.0
Narrative Gap
+0.5

Riot will keep selling Bitcoin to fund operations

Watch: Bitcoin price moves will directly impact how fast Riot burns through its treasury. If BTC stays elevated, they can fund growth with fewer coins sold. If it falls, the runway shrinks fast.

Riot Platforms confirmed it will continue selling Bitcoin from its treasury to fund operations and capital expenditures. The company just financed its $96 million Rockdale site acquisition by selling nearly 1,100 BTC. Management plans to pair these treasury sales with low-cost, non-dilutive debt financing going forward.

This shifts Riot from a Bitcoin accumulation strategy to a liquidity-first model. For a miner that grew revenue 71% last year — driven by $255 million in Bitcoin mining gains — selling the asset you mine signals cash flow pressure or aggressive expansion that can't self-fund.

Evidence

21h ago Piper Sandler main RIOT: Overweight → Overweight
4d ago Public Bitcoin Miners Sold Record BTC in Q1 yahoo-finance
8d ago Insider buy by MOUTON DOUGLAS (RIOT): $64,892
12d ago Riot Platforms (RIOT) Soars 13.5% After Cashing In $102M From Bitcoin yahoo-finance
13d ago Crypto Stocks Skyrocket As Investors Rush Back Into Risk Assets yahoo-finance
31d ago Analysts Remain Bullish on HIVE Digital Technologies (HIVE) As Company Expands AI Compute and Infrastructure Strategy yahoo-finance
33d ago Riot Platforms, Inc. (RIOT) Pivot to Data Center Opportunities Triggers Price Target Cut yahoo-finance
34d ago Iran War Hits Bitcoin Miners As Energy Prices Rise And Volatility Spikes yahoo-finance
4 older signals
46d ago Bridgewater 13F (2025Q4):. New position in ARM ($35,670,039) +189 more. Exited F
47d ago Riot Platforms VP Says Company Will Continue To Sell Bitcoin From Treasury To 'Fund Operational Needs'
49d ago Riot Platforms VP Says Company Will Continue To Sell Bitcoin From Treasury To 'Fund Operational Needs'
61d ago Riot Platforms Pushed by Activist Investor to Speed Up AI Transition. The Stock Rises.
Fundamentals & Data ▾
Riot Platforms, Inc. Financial Services · Capital Markets
Mkt Cap
$7B
Beta
3.57
52w Range
$6.25 - $23.93
Short Interest
52.6M 14.14%
Days to Cover
3.1 +5%
Technicals downtrend
from 52w Hi
-3.9%
1w return
-3.9%
Insiders
selling 0B / 6S
Analysts
mixed
EPS Estimate
$-0.32 +8.6% 30d 0up / 0dn
Est. Dispersion
0% 1 analysts
Analyst Target
$25 $13 - $42
Options P/C
0.51 1C / 0P unusual
Insider Cluster
strong sell 1B / 6S
Fund Convergence
strong Citadel, Elliott, Renaissance, D.E. Shaw, Bridgewater
Financials
Revenue
$153M +7% YoY
FCF
$-361M
Gross Margin
31%
Op Margin
-83%
Momentum: decelerating
Top Holders
Citadel $158M
Elliott $157M
Renaissance $54M
D.E. Shaw $17M
Bridgewater $5M
Recent Filings & Data
insider trade 43
net selling · $10,744,976 sold · $64,892 bought
14 insiders · 43 transactions (30d)
Recent transactions
LES JASON · award
YI SOO IL BENJAMIN · award
JACKMAN WILLIAM RICHARD · award
WERNER RYAN D. · award
CHUNG JASON · award
HOWELL STEPHEN MITCHELL JR · award
GIBBS JONATHAN · award
WERNER RYAN D. · sell · $344,632
LES JASON · sell · $2,283,518
LES JASON · sell · $256,000
LES JASON · sell · $465,970
JACKMAN WILLIAM RICHARD · sell · $3,916,091
LES JASON · sell · $1,512,000
D'AMBROSIO LANCE VARRO · award
LEVERTON JAIME MARGOT JENNIE · award
TURNER MICHAEL JOHN · award
MOUTON DOUGLAS · award
WERNER RYAN D. · sell · $44,514
WERNER RYAN D. · award
YEE COLIN M. · other
HOWELL STEPHEN MITCHELL JR · award
LEVERTON JAIME MARGOT JENNIE · other
GIBBS JONATHAN · award
MOUTON DOUGLAS · buy · $64,892
CHO HANNAH · sell · $92,400
MARLEAU HUBERT R · sell · $584,380
TURNER MICHAEL JOHN · award
MOUTON DOUGLAS · award
LES JASON · sell · $567,000
CHO HANNAH · sell · $126,023
D'AMBROSIO LANCE VARRO · sell · $175,035
MARLEAU HUBERT R · sell · $137,530
CHO HANNAH · sell · $239,883
MARLEAU HUBERT R · award
LES JASON · award
YI SOO IL BENJAMIN · award
CHO HANNAH · award
JACKMAN WILLIAM RICHARD · award
WERNER RYAN D. · award
YEE COLIN M. · other
D'AMBROSIO LANCE VARRO · award
CHUNG JASON · award
HOWELL STEPHEN MITCHELL JR · award
12 signals · latest 21h ago

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