Riot Platforms
RIOT · NASDAQ · Financial Services
$24.69
$0.24 (-0.96%) today
Market Cap
$9.27B
24h Volume
$412.5M
P/E Ratio
-6.2
52w High
$28.69
52w Low
$11.83
Est. AI Revenue
5%
7-Day Sparkline (Static)
Company facts
Performance
About Riot Platforms
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.
Riot Platforms in the AI buildout
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.
RIOT is tracked in Neoclouds, rated Growing on the AI Exposure leaderboard.
By the numbers
52-week range
RIOT trades at $24.69, 76% of the way up its 52-week range of $11.83 to $28.69.
Market cap
Market capitalization is $9.27B, with an AI Exposure Score of 35 out of 100.
Next earnings
Riot Platforms is next expected to report earnings on October 29, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Riot Platforms do?
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.
How is Riot exposed to AI?
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.
What are Riot's AI-related offerings?
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.
Is RIOT a pure play AI stock?
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.
Where is Riot based and who leads it?
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.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
Related reading
- Hyperscaler capex roundup: September 2026 · Seven AI builders spent $657B on capex over the last four quarters. The table, the 2026 guidance, what changed since the Q2 earnings round, and the power deals behind it.
- Neocloud stocks to watch: CRWV, NBIS, IREN, APLD · The four most-searched neocloud stocks read through the buildout tracker and the June 13F filings: who each one depends on, and what would change the picture.
- What are AI infrastructure stocks? The 12 layers, explained · AI infrastructure stocks are the companies paid to build AI compute: chips, memory, networking, data centers, cooling and power. The 12 layers and the catch.