10 Crypto Stocks with Huge Upside Potential

7. Riot Platforms, Inc. (NASDAQ:RIOT)

Stock Upside Potential: 83.10%

Number of Hedge Fund Holders: 55

Riot Platforms, Inc (NASDAQ:RIOT) is one of the crypto stocks with huge upside potential. On March 3, analysts at Cantor Fitzgerald reiterated an Overweight rating on Riot Platforms, Inc (NASDAQ:RIOT), but cut the price target to $29 from $31.

The price target cut is in response to Riot Platform’s deteriorating Bitcoin position and mining economics. The deterioration comes as the company increasingly transitions from one that heavily relies on BTC revenues to a vertically integrated data center developer. Management has already reiterated that they had a transformational 2025 anchored by the Power First strategy.

Amid the transition from a Bitcoin miner to pursuing data center opportunities, Riot Platforms delivered solid fourth-quarter 2025 results, driven by its cryptocurrency holdings. During the quarter, the company mined 1,324 Bitcoin and reported $131.7 million mining revenue. Mining revenue in the quarter was up 7% year over year but down 18.1% sequentially due to lower BTC prices. The company also delivered record full-year revenue of $647.4 million.

Riot Platforms, Inc. (NASDAQ:RIOT) is a leading vertically integrated Bitcoin mining and digital infrastructure company based in the U.S. It operates large-scale Bitcoin mining facilities in Texas and Kentucky, mines cryptocurrency (primarily Bitcoin), and manufactures electrical infrastructure equipment for data centers and industrial clients.