Jim Cramer on Riot Platforms: “If You Want That, You Just Go Buy Bitcoin”

Riot Platforms, Inc. (NASDAQ:RIOT) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:

If you want that, you just go buy Bitcoin. And I’m happy if you go buy Bitcoin, but just don’t complicate things; just go buy Bitcoin.

Photo by bitcoin executium on Unsplash

Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining and infrastructure company that also designs and manufactures specialized power distribution equipment. The company provides electrical products and installation services for data centers and industrial utility customers. During the episode aired on August 6, 2025, a caller inquired about the stock during the lightning round, and Cramer responded:

No, see, that’s, again, I mean that’s just too dicey for me. I know in the end, I don’t look like, I may look like a radical, but I’m not when it comes to money, except for when it comes to orientation and not just doing S&P funds, but also doing individual stocks.

It is worth noting that since the above comment was aired, Riot Platforms, Inc.’s (NASDAQ:RIOT) share price is up by over 38%.

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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