RIOT PLATFORMS, INC.
In the published model solve dated 2026-Q2, anchored at $21.53, RIOT PLATFORMS, INC. (RIOT) is priced for today's economics sustained for ~34.7 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Riot Platforms is a bitcoin miner trying to become a data-center operator: mining still drove most of the $167.2 million of first-quarter revenue, but a newly launched data-center business contributed $33.2 million, and the company is building toward roughly 1 GW of developed power capacity for high-density compute. • The defining risk is that the business does not yet earn money and dilutes heavily to fund itself: trailing operating profit is negative, the share count has grown about 31 perce
Is RIOT overvalued? See what's priced in →
388 institutional managers reported holding RIOT in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 46%. 79 opened new positions that quarter. Held by Vanguard Group, BlackRock, Starboard Value, among others. On the short side, 55.6M shares were sold short as of the 2026-06-15 count, about 16% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RIOT's share count grew 292% over the past five years even with $45.81M spent on repurchases. It pays no dividend. Cash returned over the past three years: $18.95M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RIOT over the trailing three years: 2025: 1 buy totaling $65k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RIOT's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -12.2% | -38.7% |
| 2023-11-09 | -7.8% | +28.2% |
| 2024-02-24 | -5.6% | -19.7% |
| 2024-05-02 | +1.9% | -7.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RIOT's latest 8-K filings: 2026-08-10 (items 2.02, 8.01, 9.01); 2026-06-15 (items 5.02, 5.07, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-04-27 (items 1.01, 2.03, 9.01); 2026-04-01 (items 5.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.