11 Best Bitcoin and Blockchain Stocks to Invest in

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

Number of Hedge Fund Holders: 57

Analysts’ Upside Potential as of February 12: 80.36%

Riot Platforms, Inc. (NASDAQ:RIOT) is among the Best Bitcoin Stocks.  

Cantor Fitzgerald maintained its Overweight rating for the stock and boosted its price objective from $25 to $31 on January 16, 2026. The company noted Riot Platforms, Inc. (NASDAQ:RIOT)’s purchase of land at the Rockdale location, as well as a data center lease deal with AMD. The analyst believed that the AMD agreement could be the first of many and forecasted that an extra 175 megawatts of capacity would come online if AMD executes its options.

Keefe Bruyette reiterated its Outperform rating and lifted its price objective from $16 to $23 on January 27, 2026. The corporation noted Riot Platforms, Inc. (NASDAQ:RIOT)’s high-quality tenant and long-term income visibility under the 10-year AMD lease, which guarantees approximately 21% of Rockdale’s total capacity.

The firm paid $96 million for 200 acres at its Rockdale site, using the revenues from the sale of about 1,080 bitcoin on January 16, 2026. It secured a data center lease with AMD for an initial 25 MW deployment beginning in January 2026.

The stock is up by 4.52% YTD as of February 11, 2026.

Riot Platforms, Inc. (NASDAQ:RIOT) is a bitcoin mining business that offers specialized machines for mining cryptocurrencies. It makes investments in Tess, Coinsquare, and Verady.