Jim Cramer on Riot Platforms: “I Still Come Back to Say Own Bitcoin”

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the stocks that Jim Cramer shed light on. When a caller asked about the company during the lightning round, Cramer said:

“You know, I have been a believer. I actually had… a very big debate this weekend about whether you should just own Bitcoin, or you should own Riot Platforms, or own Strategy. And I still come back to say own Bitcoin. I don’t need leverage. I don’t need trickiness. It’s like I prefer gold to the gold miners. It really is the same thing. Own Bitcoin.”

Jim Cramer on Riot Platforms: "I Still Come Back to Say Own Bitcoin"

A computer engineer working in a futuristic office, programming algorithms to mine cryptocurrency.

Riot Platforms (NASDAQ:RIOT) is a Bitcoin mining company that operates large-scale mining facilities and provides infrastructure, power distribution equipment, and engineering services for commercial, industrial, and government clients. The company also designs and installs electrical products for the energy and data center markets. In the first week of 2025, Cramer mentioned the stock and said:

“Okay, well, Riot Platforms, I have to go to my chief scientist Ben Stoto on that. He points out that it’s a Bitcoin miner and can you get a better business than mining Bitcoin?”

While we acknowledge the risk and potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIOT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.