Citizens has initiated coverage on Riot Platforms Inc (RIOT) with a Market Outperform rating, reflecting its assessment of the company's potential within the technology sector. Headquartered in Castle Rock, Colorado, Riot Platforms is primarily engaged in bitcoin mining and the provision of cryptocurrency mining equipment. The company operates significant mining facilities in central Texas and Kentucky, alongside engineering operations in Denver and Houston.
As of November 18, 2025, RIOT's shares are priced at $13.94, with a market capitalisation of $5.2 billion. The firm reports a trailing P/E ratio of 31.41 and an EPS of 0.21. Upcoming earnings are anticipated on July 28, 2026, with estimates of a loss of $0.08 per share and revenue of $191.1 million.
This update provides insight into how analysts evaluate a company's investment merits based on comprehensive research and industry dynamics. Analyst ratings, while informative, are subject to change as new information emerges. They should be considered alongside multiple factors, including company fundamentals and market conditions, rather than serving as the sole basis for investment decisions.
Recent analyst actions indicate a consensus leaning towards positive sentiment, with 6 Strong Buy, 17 Buy, and 1 Hold ratings recorded as of November 1, 2025. Citizens' recent initiation underscores the growing interest in Riot Platforms as a key player in the cryptocurrency mining landscape.