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Riot Platforms, Inc (RIOT): Financial Health and Growth Projections

We recently published a list of 8 Best Crypto and Blockchain Stocks To Buy According to Analysts. In this article, we are going to take a look at where Riot Platforms, Inc. (NASDAQ:RIOT) stands against other best crypto and blockchain stocks to buy according to analysts.

The Global Blockchain Technology Market

The global blockchain technology market is expected to undergo significant growth in the coming years. According to Fortune Business Insights, the global blockchain technology market was valued at $17.5 billion in 2023 and is expected to experience a compound annual growth rate (CAGR) of 59.9% between 2023 and 2030. This growth is anticipated to take the market to a valuation of $469.49 billion by the end of the forecast period.

The increasing adoption of blockchain technology in the financial and retail sectors is one of the primary drivers behind this growth trajectory, with another being the expanding acceptance of cryptocurrencies across the globe. Additional propellers such as Blockchain as a Service (BaaS) services are further buoying the sector. BaaS services allow small and medium sized enterprises (SMEs) to explore blockchain applications without bringing in the complexity of in-house development.

Cryptocurrencies have played a pivotal role in the trends in the blockchain industry, incentivizing blockchain infrastructure development and boosting innovation in privacy and scalability. Diverse blockchain applications are emerging in the market, including supply chain management, trade finance, cross-border payments, lot lineage/provenance, and identity management.

Blockchain and Crypto: the Golden Post-Election Scenario

Blockchain technology enables the existence of cryptocurrency, among other things. Like a digital ledger, it records and confirms cryptocurrency trades. Behind the most popular cryptocurrency, Bitcoin, is a blockchain called the Bitcoin blockchain. Bitcoin has been regularly hitting fresh records post-election. Other cryptocurrencies like Dogecoin, the favorite coin of strong Trump supporter Elon Musk, are also posting gains, as reported by BBC.

According to analysts, much of these recent gains are due to an anticipated crypto-friendly nature of the upcoming Trump administration, which may translate into more regulatory clarity but also some leeway. This may include a potential national strategic bitcoin reserve or stockpile, and supportive regulations for the industry.

On November 11, MacKenzie Sigalos appeared on CNBC’s ‘Squawk Box’ to talk about Bitcoin’s post-election rally. She said that most Bitcoin miners are seeing double-digital percentage gains, painting a positive picture for Bitcoin and blockchain stocks. The wider crypto market is also seeing outsized gains.

Sigalos reminded that Donald Trump promised the mining of all future Bitcoin in the US, pledging to rapidly build out the country’s energy production and transmission infrastructure, which she claims is a great thing for power-hungry miners. This is one of the multiple commitments made by the President to the crypto industry on the campaign trail, along with firing SEC Chair Gary Gensler and launching a national crypto stockpile. Overall, the administration is anticipated to be crypto-friendly, painting a favorable picture for investors.

Our Methodology 

We sifted through online rankings and ETFs to list the top crypto and blockchain stocks. We then selected 8 stocks with the highest upside potentials that were also the most popular among elite hedge funds. The stocks are ranked in ascending order of their analysts’ upside potential as of November 23, 2024. We also included the number of hedge fund holders for each company as of fiscal Q3 2024, sourced from Insider Monkey’s database.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

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

Riot Platforms, Inc. (NASDAQ:RIOT)

Analyst Upside: 36.48%

Number of Hedge Fund Holders: 19

Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company with two segments: Bitcoin Mining and Engineering. It operates Bitcoin mining operations in Kentucky and Central Texas. It also manages electrical switchgear engineering and fabrication operations in Colorado. The company operates a Bitcoin-driven infrastructure platform, with its Bitcoin mining segment encompassing Bitcoin mining activities. It supports the Bitcoin blockchain through large-scale mining operations in the United States. It also has electrical switchgear engineering and fabrication operations in Colorado.

The company’s strategic focus lies in developing a leading vertically integrated Bitcoin mining company that stands on three key pillars. These include being a low-cost producer of Bitcoin, developing and owning operations of significant scale, and building a balance sheet of strength. Its fiscal Q3 2024 earnings demonstrated success across all three of these pillars.

Riot Platforms, Inc. (NASDAQ:RIOT) ended fiscal Q3 2024 with 10,427 Bitcoin, with a 42% increase compared to the 7,327 Bitcoin it held at the end of fiscal Q3 2023. It retained 100% of all the Bitcoin produced in fiscal Q3 2024, and reported a total revenue of $84.8 million as compared to $51.9 million for fiscal Q3 2023. This translates to a 65% year-over-year increase, which was primarily attributed to higher Bitcoin prices.

The company holds a competitive advantage due to its unique power strategy that ranks it among the lowest cost miners in the country. It generated $12.4 million in power credits during fiscal Q3 2024, lowering its all-in cost of power to $3.1 cents per kilowatt hour while supporting the Texas grid. Riot Platforms, Inc. (NASDAQ:RIOT) also addressed challenges related to its operational hash rate during fiscal Q3 2024, focusing on continued growth and reaching a standard of operational excellence. The company takes sixth place on our list of the 8 best crypto and blockchain stocks to buy according to analysts.

Overall, RIOT ranks 6th on our list of best crypto and blockchain stocks to buy according to analysts. While we acknowledge the potential of blockchain stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RIOT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

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

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

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Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!