5 Best Bitcoin Stocks to Buy Now

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

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald cut the price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $20 from $29 on April 9, reiterating an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In such a context, it considers AI infrastructure to be “an attractive place to invest”, given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor added that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.

In its Bitcoin production and operations updates for fiscal Q1 2026 released on April 2, Riot Platforms, Inc. (NASDAQ:RIOT) reported that it produced 1,473 Bitcoin in the quarter, down 4% quarter-over-quarter from 1,530 Bitcoin produced in fiscal Q1 2025. The average Bitcoin produced per day in fiscal Q1 2026 was 16.4, down from 17.0 in the prior year period.

Riot Platforms (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company. It operates Bitcoin mining operations in Kentucky and central Texas, along with electrical switchgear engineering and fabrication operations in Denver. The company is divided into two segments: Bitcoin Mining and Engineering.