Riot Platforms Draws New $17.9 Million Bet as Revenue Hits $180 Million

6 days ago 6

Jonathan Ponciano, The Motley Fool

Thu, January 29, 2026 astatine 6:33 AM CST 4 min read

On January 29, Broad Peak Investment Advisers disclosed a caller presumption successful Riot Platforms (NASDAQ:RIOT), acquiring 1.41 cardinal shares valued astatine $17.86 million.

According to a filing with the U.S. Securities and Exchange Commission dated January 29, Broad Peak Investment Advisers reported purchasing 1.41 cardinal shares of Riot Platforms. The stake’s quarter-end worth was besides $17.86 million, reflecting some stock acquisition and marketplace pricing.

Riot Platforms represents 3.2% of Broad Peak’s 13F reportable AUM aft the trade.

Top 5 holdings aft the filing:

NYSE: U: $116.73 cardinal (20.9% of AUM)
NASDAQ: LITE: $71.35 cardinal (12.8% of AUM)
NYSE: ORCL: $67.63 cardinal (12.1% of AUM)
NYSE: COHR: $61.33 cardinal (11.0% of AUM)
NASDAQ: NVDA: $60.20 cardinal (10.8% of AUM)

As of January 28, Riot shares were priced astatine $17.55, up 60.3% implicit the past twelvemonth and vastly outperforming the S&P 500 by 45.27 percent points.

Metric

Value

Price (as of January 28)	$17.55
Market capitalization	$6.53 billion
Revenue (TTM)	$637.16 million
Net income (TTM)	$164.00 million

Riot Platforms operates large-scale Bitcoin mining facilities and provides engineered powerfulness organisation solutions for organization clients.
The institution generates gross chiefly done Bitcoin mining operations and the design, manufacture, and installation of electrical infrastructure for commercialized and governmental customers.
Key customers see institutional-scale Bitcoin miners, information centers, utilities, and ample commercialized oregon governmental entities requiring customized powerfulness infrastructure.

Riot Platforms is simply a starring U.S.-based Bitcoin mining and infrastructure institution with a diversified concern exemplary spanning some integer plus accumulation and specialized engineering services. The institution leverages its operational standard and proprietary exertion to present businesslike mining capableness and tailored powerfulness solutions. Its strategical absorption connected organization clients and captious infrastructure positions Riot arsenic a competitory unit successful the integer plus and concern engineering markets.

Prediction Market powered by

What stands retired present isn’t the timing of the trade, but the standard of condemnation down it. Riot Platforms present sits alongside software, semiconductor, and infrastructure names successful this portfolio, suggesting the presumption is little astir crypto speculation and much astir concern leverage to integer infrastructure.

That framing lines up with Riot’s latest results. In the 3rd quarter, the institution posted grounds gross of $180.2 million, driven mostly by higher bitcoin prices and accrued mining output. Net income reached $104.5 million, swinging sharply from a nonaccomplishment a twelvemonth earlier, portion adjusted EBITDA climbed to $197.2 million. Just arsenic important for semipermanent investors, Riot ended the 4th with much than $330 cardinal successful unrestricted currency and held astir 19,300 bitcoin connected its equilibrium sheet, giving it “industry-leading” (per the company) optionality successful some superior deployment and balance-sheet strength.

The concern premix is besides evolving. Beyond mining, Riot is leaning into information halfway improvement and powerfulness infrastructure, including the archetypal buildout of 112 megawatts of capableness astatine its Corsicana campus. That puts the institution person to the picks-and-shovels broadside of high-density computing alternatively than a axenic commodity play.