Riot Blockchain (RIOT) Stock

We have just put together a list of the 10 most popular mid-cap stocks of 2025. In this article, we will examine how Riot Platforms, Inc. (NASDAQ:RIOT) compares to other mid-cap stocks. If you have been focused on the well-known companies in the S&P 500, you could be overlooking some interesting options.

Riot Platforms is the second largest public bitcoin mining company by market cap, highlighting its significant presence in the industry. The company has aggressive expansion plans to grow its hashrate to 100 EH/s over the coming years while increasing miner efficiency. RIOT has begun to implement a debt and equity financing strategy to acquire and hold more bitcoin, to enhance its bitcoin yield.

Cryptocurrencies surged in 2024, with Bitcoin gaining 121% due to favorable regulations and Trump's election, driving smart money into Bitcoin-related stocks like Riot Platforms. Riot Platforms significantly expanded its mining capacity, achieving a 155% YoY increase in hash rate, making it the fastest-growing Bitcoin miner globally. Riot's strategy includes acquiring ready-to-run mining sites and diversifying energy sources, reducing reliance on Texas and benefiting from Kentucky's energy-saving programs.

Riot Platforms, Inc. (RIOT) closed the most recent trading day at $13.29, moving -1.26% from the previous trading session.

With Riot Platforms' shares recently declining, we assess the stock's current standing to determine if it offers a compelling investment opportunity.

On Friday, Defiance ETFs expanded its leveraged ETF lineup with the launch of the Defiance Daily Target 2X Long RIOT ETF (RIOX). As expected from a leveraged ETF, RIOX looks to provide double the daily percentage change in the share price of Riot Platforms (RIOT).

MIAMI, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to unveil RIOX, the first 2X long ETF for Riot Platforms, Inc. RIOX seeks to provide 200% long daily targeted exposure to Riot Platforms, Inc. Defiance's single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account. “Building off the success of MSTX, RIOX offers investors a unique opportunity to amplify their exposure to the rapidly evolving blockchain and cryptocurrency mining sector.

Given the recent decline in RIOT shares, we evaluate the stock's current position to determine whether it presents a good investment opportunity.

Riot Platforms is in a solid position to capitalize on an opportunity to lease capacity to hyperscalers.