Should I buy Riot Platforms stock in 2025? Essential NZ insights

What is Riot Platforms?

How much is the Riot Platforms stock?

The price of Riot Platforms stock is falling this week. At present, RIOT shares are trading at USD 8.18, reflecting a drop of 2.39% over the past 24 hours and showing a weekly decrease of 7.47%.

The company’s market capitalisation stands at USD 2.99 billion, with an average daily trading volume of 27.81 million shares over the last three months.

As the company currently operates at a loss, there is no applicable P/E ratio, and no dividend is being paid out.

Riot Platforms has a high beta of 4.75, indicating significant volatility—an important factor for NZ investors considering the dynamic nature of this sector.

Our full analysis on the Riot Platforms stock

After a comprehensive review of Riot Platforms’ Q1 2025 financial results and its stock’s evolution over the last three years, our proprietary analysis—which synthesizes multi-source indicators, technical metrics, current market data, and benchmarking against key competitors—provides a nuanced, up-to-the-minute perspective. In light of this holistic evaluation, and applying the same rigorous lens we employ across the global tech sector, Riot Platforms stands out as a compelling case within the digital infrastructure and cryptocurrency mining landscape. So, why might Riot Platforms once again represent a strategic entry point into the digital assets and tech infrastructure sector in 2025?

Recent Performance and Market Context

Riot Platforms (NASDAQ: RIOT) has exhibited significant volatility characteristic of the digital asset mining space, yet recent developments suggest this dynamic may currently present an attractive valuation window. As of 29 May 2025, the stock is trading at USD 8.18, having experienced a modest intraday decline of -2.39%. On a short-term basis, the past month reveals a solid rebound of +10.24%, following a more pronounced contraction over six months (-35.34%) and a one-year retracement of -18.2%. These figures, when contextualised against the backdrop of recent sector pressures and the cyclical nature of bitcoin mining stocks, indicate potential for mean reversion and renewed upside momentum, especially for investors with an appetite for volatility-powered growth.

• The company’s Q1 2025 revenue not only doubled year-over-year but exceeded consensus expectations—USD 161.4 million actual versus USD 158.2 million forecasted.
• Riot secured a USD 200 million credit line extension with Coinbase, enhancing liquidity and underlining market confidence.
• A strategic assessment to deploy up to 600 MW for AI and HPC (high-performance computing) applications at Corsicana positions Riot at the intersection of energy infrastructure and digital innovation.

Externally, the sector benefits from an increasingly constructive macroeconomic environment. With the digital asset ecosystem entering a new growth phase amid supportive US policies (notably under the Trump administration) and continuing institutionalisation of bitcoin as an asset class, Riot is situated to capture expansion both in mining output and infrastructure services.

Technical Analysis

The current technical construction of Riot Platforms’ share price further bolsters the case for entry. Recent trading activity illustrates the following:

• Moving Averages: With the SMA 50 (+4.32% vs. current price) positioned above the current quote and acting as a near-term target, while both the 20-day (-4.4%) and the 200-day (-13.99%) provide well-defined zones of support and mean reversion, Riot’s profile suggests it is forming a technical base.
• Key Support and Resistance Levels: The primary support at USD 6.19—also the 52-week low—has proven robust; conversely, the immediate technical resistance at USD 8.87-8.88 is within striking distance, and a breakout could act as a trigger for further upside.
• Momentum Indicators: An RSI of 47.68 places the stock squarely in neutral territory, indicating neither overbought nor oversold conditions—a classic setup for positioning ahead of a possible momentum turn.
• Consensus targets are emphatically bullish, with the average price objective of USD 15.40—an implied upside of approximately 88%.

The technical picture, with well-established support zones and close resistance, demonstrates that Riot may be on the brink of a bullish reversal, offering an advantageous entry level for strategic investors.

Fundamental Analysis

Underpinning this positive technical structure are equally compelling fundamentals:

• Revenue Growth: Q1 2025 revenue rose 104% year-on-year, led by bitcoin mining income doubling to USD 142.9 million. Estimated 2025 revenues are projected at USD 691.2 million, evidencing robust scaling.
• Strategic Expansion: Riot’s moves toward AI/HPC infrastructure, as well as its vertical integration in digital power systems, distinguish its business model from peers and lay the groundwork for diversified, high-margin future revenue streams.
• Valuation Metrics: Although the company remains loss-making (PER not applicable), several ratios hint at relative undervaluation or turnaround potential:
• Price/Sales (TTM) at 5.99 is in line with high-growth tech peers.
• Price/Book at 0.99 suggests the stock trades near tangible asset value—a rarity in this sector.
• Competitive Positioning: As one of the largest US bitcoin miners with integrated manufacturing and proprietary infrastructure, Riot possesses significant economies of scale and bargaining power.
• Brand and Shareholder Structure: RIOT maintains a strong institutional shareholder base, including Vanguard, BlackRock, and activist Starboard Value LP, testament to its credibility among sophisticated investors.

The evidence points to structural advantages and forward-looking strategic moves that reinforce Riot’s position as a core vehicle for exposure to the digital financial infrastructure theme.

Volume and Liquidity

Trading volume and liquidity are essential factors for investors seeking to build or adjust exposure:

• Sustained Liquidity: The three-month average daily volume stands at a robust 27.81 million shares, underscoring continuous market interest and facilitating both entry and exit for retail and institutional players.
• Share Float: With a free float of approximately 332 million shares out of 357 million outstanding, the stock’s substantial liquidity also supports dynamic price discovery and responsiveness to market catalysts.

Such volume characteristics typically precede periods of heightened price action, suggesting confidence levels among participants remain healthy—an important consideration for tactical investors.

Catalysts and Positive Outlook

Several forward-looking catalysts could underpin a renewed bullish phase for Riot, each enhancing the investment case:

• AI/HPC Diversification: The formal review of a 600 MW energy allocation for AI and HPC workloads at Corsicana opens the door to substantial new income streams beyond bitcoin mining, as the demand for high-performance computing surges globally.
• Post-halving mining expansion: March 2025 saw record post-halving bitcoin production (533 BTC mined in a single month), demonstrating Riot’s operational scalability and technological capability to adapt and thrive in shifting mining economics.
• Regulatory Environment: The current US political context is highly favorable for domestic crypto and infrastructure players, with increasingly pro-industry signals facilitating investment and expansion.
• ESG and Vertical Integration: Riot’s ongoing investments in energy-efficient operations and its expanded footprint in power systems continue to address investor concerns about sustainability and cost structure—issues that rank high on institutional screens.
• Balance Sheet Strength: The recent line of credit expansion with Coinbase significantly enhances financial flexibility, allowing for opportunistic investment or capital expenditure.

With sell-side consensus overwhelmingly bullish (average rating: 1.18/Strong Buy from 17 analysts) and consensus price targets indicating nearly 90% upside, visibility around positive triggers for re-rating has rarely been stronger.

Investment Strategies

From an investment strategy perspective, Riot Platforms provides multiple angles for entry, each matching distinct risk-return profiles:

• Short-term: The current rebound from strong technical support levels (near USD 6.19), alongside increasing trading volume and neutral RSI, suggests attractive positioning for swing traders or tactical investors eyeing a breakout above technical resistance.
• Medium-term: Those seeking exposure to sectoral momentum can align entry with imminent or realised catalysts, such as AI infrastructure announcements, bitcoin price tailwinds, or positive regulatory shifts.
• Long-term: Investors with a multi-year horizon can benefit from Riot’s structural pivot towards high-performance digital infrastructure, its leadership position in US mining, and its track record of navigating bitcoin market cycles. The near book-value valuation (P/B 0.99) further amplifies long-term asymmetry in risk/reward, especially as the company transitions toward diversified revenue streams.

In each scenario, Riot appears to offer an appealing entry point—whether at recent technical lows or on the anticipation of material near- to medium-term catalysts.

Is it the Right Time to Buy Riot Platforms?

A synthesis of current technical, fundamental and macroeconomic factors suggests that Riot Platforms stands at a potential inflection point, ideally timed for renewed investor interest:

• Q1 2025 results confirm accelerating revenue and operational scaling.
• The technical setup—stabilising after sector-driven volatility, with firm support and improving momentum—signals entry at a historically attractive price.
• Powerful catalysts on the horizon, including the expansion into AI/HPC, regulatory tailwinds, and substantial institutional backing, collectively support a constructive view.
• Robust volume and high liquidity levels enhance tradability and flexibility for investors.

Given these unique strengths and the broad alignment of market, sector, and company-specific drivers, Riot Platforms appears to offer investors an excellent opportunity to position ahead of what may be a new bullish cycle in bitcoin-linked infrastructure—and, more broadly, to participate in the ongoing digitisation of monetary networks.

Investors seeking exposure to the next phase of tech-enabled growth should seriously consider Riot Platforms as a leading candidate, supported by top-tier analyst consensus and clear operational momentum. The stock’s blend of technical support, structural innovation, and multi-faceted growth catalysts speaks to its potential as one of 2025’s most attractive entry points in the global digital infrastructure sector.

How to buy Riot Platforms stock in New Zealand?

Buying Riot Platforms stock online is straightforward, secure, and accessible to all New Zealand investors through licensed, regulated brokers. You can choose between two main methods: buying the shares directly (“spot” or “cash” purchase) or trading Contracts for Difference (CFDs) that allow you to speculate on price movements without owning the shares. Both have their merits: spot buying gives you direct ownership, while CFDs enable leveraged trading and exposure to both upward and downward moves. Choosing the right broker is key—see our comparison table further down this page to find one that matches your needs.

Spot Buying (Cash Purchase)

A cash purchase of Riot Platforms means buying actual shares listed on the NASDAQ, registered in your name (sometimes via a nominee). This is the most straightforward and transparent method: you benefit directly if the shares rise, are entitled to voting rights, and can hold the shares as long as you want. Fees for cash share dealing via NZ online brokers typically include a fixed commission—often around NZ$5–NZ$15 per order.

Example

If Riot Platforms shares are trading at US$8.18 (around NZ$13.30 as of late May 2025), with NZ$1,000 to invest and allowing NZ$5 for brokerage commission, you could buy approximately 74 shares.
- Gain scenario: If the share price rises by 10%, your holding is now worth NZ$1,100.
Result: That’s a NZ$100 gross gain, or +10% on your investment.

Trading via CFDs

CFDs (Contracts for Difference) let you speculate on the ups or downs of Riot Platforms shares without owning them. You trade with the broker as your counterparty, and can use leverage to multiply your exposure. Fees typically include the spread (the small difference between buy and sell prices) and overnight financing if you hold leveraged positions beyond one day.

Example

You open a CFD position on Riot Platforms with a NZ$1,000 margin and apply 5x leverage, so your exposure is NZ$5,000.
- Gain scenario: If the share price rises by 8%, your position earns you 8% × 5 = 40%.
Result: That’s a NZ$400 gain on your NZ$1,000 margin (before fees).

Final Advice

Before buying Riot Platforms shares, be sure to compare brokers on fees, international trading access, and support for both spot and CFD products—our detailed broker comparison further down the page can help. Your choice will depend on your investment goals: direct share ownership suits long-term investors, while CFDs can suit those looking for active trading and leverage. In all cases, understanding the risks and costs is the best first step to successful investing.

Our 7 tips for buying Riot Platforms stock

The latest news about Riot Platforms

Riot Platforms' Q1 2025 revenue exceeded analyst expectations, highlighting robust growth momentum. In the most recent quarter, Riot Platforms reported $161.4 million in revenue—beating the consensus estimate of $158.2 million and nearly doubling its year-on-year results from Q1 2024. This strong top-line performance was driven by substantial growth in bitcoin mining revenues, which reached $142.9 million. For New Zealand investors or financial professionals monitoring global blockchain infrastructure companies, the demonstrated revenue growth combined with operational scale signals fundamental robustness, especially relevant amid increasing institutional interest in the digital asset sector within APAC economies.

The company extended its credit facility with Coinbase to $200 million in May 2025, improving capital flexibility for expansion. This strategic move enhances Riot Platforms' financial resilience and offers greater liquidity for scaling operations or pursuing new investments, including potential developments in AI/HPC infrastructure. Access to a reinforced credit facility is a constructive signal, suggesting Riot is positioning itself for further operational expansion and is capable of navigating the volatile cycles of the crypto markets—a quality valued by New Zealand market participants who prioritize financial stability in offshore growth equities.

Riot is actively positioning itself in AI and high-performance computing with a formal review of 600 MW of capacity at its Corsicana site. The evaluation launched in January 2025 reflects Riot’s intent to diversify beyond pure bitcoin mining by exploring new verticals such as artificial intelligence and cloud computing. Should Riot proceed with integrating AI/HPC workloads, this would align it with strategic trends in the global technology infrastructure sector and increase its long-term attractiveness to New Zealand institutional investors seeking exposure to diversified digital infrastructure themes.

Consensus analyst recommendations remain strongly positive, with a ‘Strong Buy’ rating and a target price implying nearly 90% upside. Seventeen analysts currently cover Riot Platforms; the average rating is 1.18, and the consensus target price stands at $15.54, representing significant potential appreciation versus recent trading levels. For New Zealand investors, this strong international sell-side endorsement and the magnitude of the implied upside serve as key confidence-building factors, especially given the stock’s high liquidity and growing institutional ownership.

While direct links to New Zealand are limited, the company’s global relevance and sector leadership in bitcoin mining and digital infrastructure are of strategic interest to NZ market watchers. Riot’s status as one of the largest US-based bitcoin miners, its scale, and its push towards vertical integration and infrastructure innovation position it as a bellwether for trends in the crypto-mining and digital infrastructure sectors. This context is valuable for New Zealand’s asset managers, superannuation funds, and family offices monitoring digital asset exposures or considering proxy bets in high-growth, tech-focused US equities that may indirectly benefit from “digital Gold Rush” capital inflows across APAC and Oceania.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.