Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Riot Blockchain Inc
Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States. It operates in two segments, Bitcoin Mining and Engineering. The company offers comprehensive and critical infrastructure for bitcoin mining and data center services at its facilities. The company also designs and manufactures power distribution equipment and engineered-to-order electrical products; and electricity distribution product… Read full Trend Edge analysis →
Sector: Financial Services
Industry: Capital Markets
Exchange: NASDAQ
IPO Date: January 24, 2003
Headquarters: 3855 Ambrosia Street, Castle Rock, CO, United States, 80109
Founder-Led: Yes — Jason Les (Chief Executive Officer & Executive Director)
Key Metrics
Current Price
$23.49
Market Cap
$8.88B
Float
348.5M
Shares Outstanding
378.2M
P/E (Forward)
20.88
Price/Sales (TTM)
13.60
vs. Analyst Target
+6.1% to analyst PT
Profit Margin
-132.76%
Operating Margin (TTM)
-280.49%
Revenue (TTM)
$653M
Earnings Growth (YoY)
37.30%
Dividend Rate
None
Analyst Target Price
$24.92 (16 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$12.1M
-$14.1M
$5.8M
-$4.1M
2021
$213M
-$7.9M
$131M
$46.4M
2022
$259M
-$510M
$65.5M
-$412M
2023
$281M
-$49.5M
$26.3M
-$2.8M
2024
$377M
$109M
$114M
$324M
2025
$647M
-$663M
-$101M
-$53.2M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$153M
$219M
Sep 2025
$180M
$104M
Dec 2025
$153M
-$691M
Mar 2026
$167M
-$500M
Ownership & Float
Insider Ownership
7.6%
Institutional Ownership
79.6%
Short Float
17.7%
% of All Funds Holding
4.61%
Number of Funds Holding
379
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$17.25
Near-term / short-term trend
Weekly
40-Week SMA
$16.30
Medium-term trend
Weekly
80-Week SMA
$13.44
Cyclical trend (business cycle)
Weekly
200-Week SMA
$11.21
Secular trend (multi-year)
Monthly
10-Month SMA
$16.62
Near-term monthly trend
Monthly
20-Month SMA
$13.33
Medium-term monthly trend
Monthly
40-Month SMA
$12.18
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$8.00
support
1.43x
10 months ago
Historical Earnings Reactions (41 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
-1.30%
-0.88%
29.27%
7.14%
-13.52%
1 Day
-2.98%
-3.17%
29.27%
16.97%
-19.55%
1 Week
0.27%
-3.52%
41.46%
73.86%
-28.34%
2 Weeks
0.60%
-4.83%
46.34%
94.57%
-36.60%
1 Month
5.83%
-5.06%
39.02%
293.10%
-44.78%
Next earnings: May 7, 2026
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
6.0%
60.0%
10
Feb
16.6%
50.0%
10
Mar
1.1%
50.0%
10
Apr
8.3%
63.6%
11
May
-0.6%
50.0%
10
Jun
3.1%
50.0%
10
Jul
12.8%
60.0%
10
Aug
-2.4%
50.0%
10
Sep
-6.9%
20.0%
10
Oct
3.2%
60.0%
10
Nov
28.8%
60.0%
10
Dec
11.6%
40.0%
10
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
0.94%
49.5%
475
Tuesday
0.68%
45.1%
523
Wednesday
0.22%
45.0%
520
Thursday
-0.40%
43.1%
511
Friday
0.24%
48.7%
513
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 79.6%
Insider Transactions — Smart Summary
Total insider ownership: 7.6%
Founder-led management: Jason Les (Chief Executive Officer & Executive Director)
12-Month Insider Activity Summary
Total Filings
11
Net Value
-$17.2M
Net Shares Change
-2,091,724
% of Float
-0.6%
C-Suite Filings
11
Clusters Detected
1
Key Insiders
Name
Title
Net Value
Filings
Activity
Les Jason
CEO
-$8.9M
5
N/A
Jackman William Richard
EVP, GENERAL COUNSEL
-$7.8M
2
2 sell
Werner Ryan D.
SVP, CAO
-$389,146.36
2
N/A
Gibbs Jonathan
Effective as of April 12, 2026, the Reporting Person has departed from his position as the Issuer's Chief Data Center Officer.
+N/A
1
1 sell
Transaction Clusters
Period
Filings
Insiders
Net Value
Seniority
2025-10-01 – 2025-10-10
4
3
-$6.8M
4 C-suite
Significant Filings
Date
Insider
Title
Net Value
Price After
2026-04-14
Gibbs Jonathan
Effective as of April 12, 2026, the Reporting Person has departed from his position as the Issuer's Chief Data Center Officer.
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