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Riot Platforms ( (RIOT) ) just unveiled an update.
On December 30, 2025, Riot Platforms, Inc. entered into a new at-the-market equity offering program of up to $500 million of common stock, appointing a syndicate of investment banks as sales agents to sell shares from time to time at prevailing market prices under an existing shelf registration. Under this 2025 sales agreement, Riot will pay up to 1.0% commission on gross proceeds, may flexibly issue placement notices and suspend sales at its discretion, and has provided customary indemnities and representations, positioning the company with a sizable, on-demand capital-raising mechanism while potentially diluting existing shareholders over time. Effective the same day, Riot terminated its prior 2024 at-the-market program, under which it had already raised about $600.5 million in common stock, leaving roughly $149.5 million of capacity unused but incurring no costs or penalties for the early termination, thereby consolidating its capital markets activity under the new, larger facility.
The most recent analyst rating on (RIOT) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Riot Platforms stock, see the RIOT Stock Forecast page.
Spark’s Take on RIOT Stock
According to Spark, TipRanks’ AI Analyst, RIOT is a Neutral.
Riot Platforms’ strong financial performance and strategic initiatives in data center expansion are major positives. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation. Cash flow issues and high SG&A expenses are risks that need addressing.
To see Spark’s full report on RIOT stock, click here.
More about Riot Platforms
Riot Platforms, Inc. is a U.S.-listed company whose common stock trades on the Nasdaq Capital Market, providing investors with equity exposure to its operations through publicly offered shares of no-par common stock.
Average Trading Volume: 21,442,489
Technical Sentiment Signal: Hold
Current Market Cap: $4.91B
For detailed information about RIOT stock, go to TipRanks’ Stock Analysis page.