{"data":{"ticker":"RIOT","slug":"riot-platforms","name":"Riot Platforms","exchange":"NASDAQ","sector":"Financial Services","headquarters":"Castle Rock, Colorado","ceo":"Jason Les","employees":816,"website":"https://www.riotplatforms.com","founded":"2000","layers":[{"slug":"neoclouds","name":"Neoclouds"}],"exposure":{"score":35,"tier":"Growing","rationale":"Riot mines bitcoin at massive powered sites and is repurposing land, power, and cooling capacity toward AI and HPC hosting. Exposure hinges almost entirely on converting that power portfolio into signed AI tenant deals, since current revenue is still bitcoin mining."},"quote":{"price":16.71,"change24hPct":13.21,"change7dPct":30.44,"change30dPct":-0.77,"change1yPct":-1.76,"high52w":28.69,"low52w":11.83,"marketCap":6269323776,"peRatio":null,"eps":-4.12,"volume24h":750897520},"nextEarningsDate":"2026-11-04","summary":"Riot Platforms is a bitcoin mining company with a growing second act. It operates large powered data center sites built for mining, and today most of its revenue still comes from mining bitcoin at scale.","explainer":["Riot Platforms is a bitcoin mining company with a growing second act. It operates large powered data center sites built for mining, and today most of its revenue still comes from mining bitcoin at scale.","The pivot is toward AI. Riot is repurposing its land, power capacity, and cooling expertise into AI-ready data center infrastructure, offering HPC hosting for high-performance computing tenants and immersion cooling for dense, hot hardware.","Founded in 2000 and headquartered in Castle Rock, Colorado, Riot trades on the NASDAQ and employs about 820 people under CEO Jason Les."],"buildoutRole":"Riot sits in the Neoclouds layer of the buildout as a conversion story. Its core assets, powered sites with substantial energy and cooling capacity, are exactly what AI compute tenants need, and the company is working to repurpose them for AI and HPC hosting. Exposure hinges almost entirely on converting that power portfolio into signed AI tenant deals, since current revenue remains bitcoin mining. Supercycle scores its AI exposure at 35 out of 100.","faq":[{"q":"What does Riot Platforms do?","a":"Riot mines bitcoin at large powered data center sites. It is also repurposing its land, power, and cooling capacity toward hosting AI and high-performance computing workloads for tenants."},{"q":"How is Riot exposed to AI?","a":"As an option on conversion. Its power and cooling assets suit AI hosting, but current revenue is still bitcoin mining and exposure depends on signing AI tenants. Supercycle rates its AI Exposure Score at 35 out of 100."},{"q":"What are Riot's AI-related offerings?","a":"AI-ready data center infrastructure built on its powered sites, HPC hosting for high-performance computing tenants, and immersion cooling capabilities suited to dense, high-heat AI hardware."},{"q":"Is RIOT a pure play AI stock?","a":"No. Riot is a bitcoin miner pivoting toward AI hosting, and the AI story depends on converting power capacity into tenant deals. Its AI Exposure Score of 35 out of 100 prices in that uncertainty."},{"q":"Where is Riot based and who leads it?","a":"Riot Platforms is headquartered in Castle Rock, Colorado, and led by CEO Jason Les. Founded in 2000, the company employs about 820 people and its shares trade on the NASDAQ."}],"history1y":[{"date":"2026-09-28","close":21.62},{"date":"2026-09-29","close":21.39},{"date":"2026-09-30","close":20.15},{"date":"2026-10-01","close":19.61},{"date":"2026-10-02","close":19.73},{"date":"2026-10-05","close":19.32},{"date":"2026-10-06","close":18.93},{"date":"2026-10-07","close":18.54},{"date":"2026-10-08","close":16.84},{"date":"2026-10-09","close":16.89},{"date":"2026-10-12","close":16.47},{"date":"2026-10-13","close":16.67},{"date":"2026-10-14","close":15.1},{"date":"2026-10-15","close":15.5},{"date":"2026-10-16","close":13.72},{"date":"2026-10-19","close":13.97},{"date":"2026-10-20","close":13.77},{"date":"2026-10-21","close":14.02},{"date":"2026-10-22","close":12.89},{"date":"2026-10-23","close":12.53},{"date":"2026-10-26","close":12.59},{"date":"2026-10-27","close":13.56},{"date":"2026-10-28","close":14.45},{"date":"2026-10-29","close":13.74},{"date":"2026-10-30","close":12.81},{"date":"2026-11-02","close":11.84},{"date":"2026-11-03","close":14.02},{"date":"2026-11-04","close":15.37},{"date":"2026-11-05","close":14.76},{"date":"2026-11-06","close":16.71}],"incomeStatements":[{"ticker":"RIOT","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":647435000,"cost_of_revenue":401875000,"gross_profit":245560000,"operating_expense":0,"operating_income":-343298000,"net_income":-663181000,"earnings_per_share":-1.95,"earnings_per_share_diluted":-1.95,"research_and_development":0,"selling_general_and_administrative_expenses":298776000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"RIOT","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":376658000,"cost_of_revenue":262755000,"gross_profit":113903000,"operating_expense":0,"operating_income":-331380000,"net_income":109401000,"earnings_per_share":0.34,"earnings_per_share_diluted":0.34,"research_and_development":0,"selling_general_and_administrative_expenses":266915000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"RIOT","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":280678000,"cost_of_revenue":254333000,"gross_profit":26345000,"operating_expense":0,"operating_income":-255140000,"net_income":-49472000,"earnings_per_share":-0.28,"earnings_per_share_diluted":-0.28,"research_and_development":0,"selling_general_and_administrative_expenses":100346000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"RIOT","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":259171000,"cost_of_revenue":193696000,"gross_profit":65475000,"operating_expense":0,"operating_income":-82582000,"net_income":-509553000,"earnings_per_share":-3.65,"earnings_per_share_diluted":-3.65,"research_and_development":0,"selling_general_and_administrative_expenses":67452000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"RIOT","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":3936767000,"current_assets":448710000,"cash_and_equivalents":233517000,"total_liabilities":1078361000,"current_liabilities":469775000,"total_debt":866758000,"shareholders_equity":0,"retained_earnings":-1353600000},{"ticker":"RIOT","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":3935307000,"current_assets":599476000,"cash_and_equivalents":277860000,"total_liabilities":791622000,"current_liabilities":160385000,"total_debt":613161000,"shareholders_equity":0,"retained_earnings":-690419000},{"ticker":"RIOT","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":2051080000,"current_assets":1008571000,"cash_and_equivalents":597169000,"total_liabilities":163058000,"current_liabilities":121015000,"total_debt":22128000,"shareholders_equity":0,"retained_earnings":-799820000},{"ticker":"RIOT","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":1319964000,"current_assets":443381000,"cash_and_equivalents":230328000,"total_liabilities":168522000,"current_liabilities":121543000,"total_debt":22251000,"shareholders_equity":0,"retained_earnings":-756342000}],"holders13f":[{"slug":"stanley-druckenmiller","personName":"Stanley Druckenmiller","fundName":"Duquesne Family Office","value":20666000,"portfolioPct":0.0047462002379301,"change":"new","period":"2026-06-30"},{"slug":"dan-loeb","personName":"Dan Loeb","fundName":"Third Point","value":7033950,"portfolioPct":0.0015124263279621354,"change":"new","period":"2026-06-30"}],"news":[{"title":"MARA Fell 4% as Riot Landed a $28 Billion AI Lease. Here’s What November 9 Must Show","source":null,"url":"https://www.tikr.com/blog/mara-fell-4-as-riot-landed-a-28-billion-ai-lease-heres-what-november-9-must-show?ref=yahoofinance&tlnk=yf-261106-69pcj3gw&.tsrc=rss","date":"2026-11-06"},{"title":"Riot Platforms Sinks 6% as AI Data Center Selloff Deepens","source":null,"url":"https://www.tikr.com/blog/riot-platforms-sinks-6-as-ai-data-center-selloff-deepens?ref=yahoofinance&tlnk=yf-261105-73p7ghw9&.tsrc=rss","date":"2026-11-05"},{"title":"RIOT Q3 Earnings Call Highlights $38B in AI Data Center Leases","source":null,"url":"https://finance.yahoo.com/technology/ai/articles/riot-q3-earnings-call-highlights-140000156.html?.tsrc=rss","date":"2026-11-05"},{"title":"Riot Platforms Inc (RIOT) (Q3 2026) Earnings Call Highlights: $38 Billion in AI Data Center ...","source":null,"url":"https://finance.yahoo.com/technology/ai/articles/riot-platforms-inc-riot-q3-010611759.html?.tsrc=rss","date":"2026-11-05"},{"title":"Riot Platforms (RIOT) Signs $28 Billion Corsicana AI Lease","source":null,"url":"https://finance.yahoo.com/technology/ai/articles/riot-platforms-riot-signs-28-221603373.html?.tsrc=rss","date":"2026-11-04"},{"title":"Riot Platforms, Inc. Q3 2026 Earnings Call Summary","source":null,"url":"https://app.moby.co/home/research/tools/earningsCalendar/earnings-riot-platforms-inc-q3-2026-earnings-call-summary?utm_source=yahoo_finance&utm_medium=rss&.tsrc=rss","date":"2026-11-04"},{"title":"How Will The New Texas Governor Impact the State’s Bitcoin Mining?","source":null,"url":"https://beincrypto.com/texas-governor-bitcoin-mining-ai-data-center-impact/?.tsrc=rss","date":"2026-11-04"},{"title":"Riot Platforms (RIOT) Q3 2026 Earnings Call Transcript","source":null,"url":"https://www.fool.com/earnings/call-transcripts/2026/11/04/riot-platforms-riot-q3-2026-earnings-call-transcript/?.tsrc=rss","date":"2026-11-04"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.669Z","tier":"free","source":"https://supercyclehq.com/stock/riot-platforms","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/RIOT","html":"https://supercyclehq.com/stock/riot-platforms","md":"https://supercyclehq.com/stock/riot-platforms.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}