
MARA Holdings Drops 6%, Riot Platforms Falls 5%: Two Bitcoin Miners Caught Between Energy Costs and an AI Pivot
MARA Holdings (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT) shares are under pressure Friday.
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MARA Holdings (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT) shares are under pressure Friday.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Riot Platforms, Inc. (RIOT) closed the most recent trading day at $14.04, moving 3.17% from the previous trading session.

Shares of several cryptocurrency-linked companies rose Wednesday as Bitcoin climbed back above the $71,000 level, lifting sentiment in related equities.BTC gain

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Riot Platforms, Inc. (NASDAQ: RIOT) posted a loss for the fourth quarter on Monday.

Riot Platform's earnings were weak and still driven by bitcoin volatility, not stable operations. Mining economics remain unattractive, especially with BTC under 70k. Dilution keeps stacking up, making long term holding riskier. The AI pivot is promising, but not big enough yet to offset mining swings.

Riot Platforms, Inc. (RIOT) came out with a quarterly loss of $2.03 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.44 per share a year ago.

Riot Platforms, Inc. (RIOT) Q4 2025 Earnings Call Transcript

Riot Platforms, Inc. (NASDAQ: RIOT) shares slipped in Monday's extended trading after the company released its fourth-quarter earnings report.

Most ETFs give you sector exposure. The Amplify Transformational Data Sharing ETF ( NYSEARCA:BLOK ) goes further, concentrating in companies structurally tied to blockchain adoption — crypto exchanges, miners, Bitcoin treasury holders, and fintech platforms building on-chain infrastructure.

Most ETFs let you bet on a sector. Bitwise Crypto Industry Innovators ETF (NYSEARCA:BITQ) goes further, concentrating exposure across the entire crypto economy: stablecoin issuers, Bitcoin treasury companies, miners, and exchanges. That breadth is both its appeal and its vulnerability. With $412.7 million spread across 31 positions, BITQ offers broad crypto exposure that has been... Bitcoin Fell 36% Fast and The BITQ ETF Felt Every Bit of It.

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RIOT heads into Q4 2025 earnings with expected 10% revenue growth as Bitcoin Mining and Engineering gains offset projected swing to a loss.

Zacks.com users have recently been watching Riot Platforms, Inc. (RIOT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Besides Wall Street's top-and-bottom-line estimates for Riot Platforms, Inc. (RIOT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2025.

Riot Platforms earns a Buy rating at this juncture, driven by undervalued infrastructure assets and mounting pressure to accelerate its AI/HPC pivot. RIOT's 1.7 GW of approved power capacity is deeply discounted relative to data center peers, with potential equity value of $9–21 billion if monetized. Management's execution history and delayed HPC/AI pivot remain key risks, but recent actions like the AMD deal and BTC liquidation show intent to self-fund transformation.

Applied Digital has already signed deals with two hyperscalers to fill its data centers. Riot Platforms is a Bitcoin miner that just made the pivot to data centers.

CASTLE ROCK, Colo., Feb. 20, 2026 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), a Bitcoin-driven industry leader in the development of large-scale data centers and bitcoin mining applications, announced today that it has scheduled its fourth quarter and year-end 2025 earnings conference call for Monday, March 2, 2026, at 4:30 P.M. EST.

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