Can Riot Platforms’ (RIOT) Bitcoin Sales Shift Reveal Its Evolving Approach to Risk and Growth?

• Riot Platforms, Inc. recently announced its unaudited production and sales results for September 2025, reporting 445 Bitcoin produced and 465 Bitcoin sold, generating US$52.6 million in net proceeds.
• Despite a 7% month-over-month decline in Bitcoin mining output, the company achieved year-over-year growth and a modest increase in deployed hashrate, emphasizing operational expansion and ongoing Bitcoin asset management.
• We’ll explore how the slight rise in average hashrate and focus on Bitcoin sales could influence Riot’s growth outlook and risk profile.

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Riot Platforms Investment Narrative Recap

To be a Riot Platforms shareholder, you need to believe in Bitcoin's long-term value and Riot's capacity to scale its mining and data center operations efficiently. The company’s September production update, showing a dip in monthly Bitcoin output but overall year-over-year gains, does not materially change the main short-term catalyst: Riot's efforts to expand hashrate and monetize its energy infrastructure. The most important risk, Bitcoin price volatility, remains highly relevant as it continues to have an outsized impact on revenues and reported earnings.

One recent announcement that stands out is Riot’s ongoing increase in deployed hashrate, reported at 36.5 EH/s as of September 30. This is particularly relevant to the company’s catalyst of expanding vertically integrated mining operations, supporting future production even as global competition intensifies.

However, while capacity is increasing, investors should be aware that the global Bitcoin network hash rate is rising even faster, bringing...

Read the full narrative on Riot Platforms (it's free!)

Riot Platforms' narrative projects $992.8 million in revenue and $125.7 million in earnings by 2028. This requires 22.4% yearly revenue growth and a $220.5 million earnings increase from the current loss of $-94.8 million.

Uncover how Riot Platforms' forecasts yield a $19.21 fair value, in line with its current price.

Exploring Other Perspectives

Simply Wall St Community members shared five fair value estimates for Riot Platforms ranging from US$11.79 to US$29.75. In light of these differing views, remember that accelerating competition in Bitcoin mining may pressure Riot’s future revenues and asset utilization, prompting careful evaluation of several alternative perspectives.

Explore 5 other fair value estimates on Riot Platforms - why the stock might be worth as much as 53% more than the current price!

Build Your Own Riot Platforms Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Riot Platforms research is our analysis highlighting 1 key reward and 5 important warning signs that could impact your investment decision.
• Our free Riot Platforms research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Riot Platforms' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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