Here's Why Riot Platforms Closed More than 10% Lower Today
Summarize this article with:
By Chris MacDonald – Dec 15, 2025 at 4:37PM ESTKey PointsInvestors are increasingly pricing in higher risks associated with business transformation among key Bitcoin miners.Riot Platforms is among the leading Bitcoin miners making an impressive transition of its own.Let's dive into what this means for investors, and whether today's decline is a signal of more selling pressure to come. These 10 Stocks Could Mint the Next Wave of Millionaires ›NASDAQ: RIOTRiot PlatformsMarket Cap$5.7BToday's Changeangle-down(-10.95%) $1.68Current Price$13.63Price as of December 15, 2025 at 3:58 PM ETThe company's transition toward becoming a data center business may lead to some choppiness.It's been a horrid day for any company that calls itself a cryptocurrency miner (or did). Riot Platforms (RIOT 10.95%) is one such company, having recently announced its own plans to transition away from Bitcoin mining activities, though that hasn't helped the company's stock price today. Closing 10.4% lower on Monday, shares of Riot Platforms appear to be under pressure from several angles. ExpandNASDAQ: RIOTRiot PlatformsToday's Change(-10.95%) $-1.68Current Price$13.63Key Data PointsMarket Cap$5.7BDay's Range$13.57 - $15.2652wk Range$6.19 - $23.93Volume596KAvg Vol27MGross Margin-1168.45% Let's dive into what investors are watching when it comes to this U.S.-based crypto mining firm. Why all the selling pressure today? Source: Getty Images. After reporting what could only be described as blowout earnings approximately six weeks ago (with record revenue and EPS of $0.26, beating estimates), Riot Platforms also announced a massive transition as part of its report to investors. The company announced that it would initiate "core and shell development of the first two buildings at our Corsicana data center campus, representing 112 MW of total critical IT capacity. This development has been made possible by four key achievements this quarter, namely; (i) the acquisition of an additional 67-acre parcel of land directly adjacent to our original Corsicana site, (ii) the completion of the Campus Design for Corsicana, which will transform the entire site for data center development, (iii) the completion of the Basis of Design for our standard data center build, and (iv) the ongoing build out of our in-house data center team." This move has signaled to investors that Riot, as a pure-play Bitcoin miner, will no longer exist. The company is looking instead to become a truly large-scale data center operator, leveraging its low-cost power sources and land assets accordingly.Advertisement With data centers becoming increasingly expensive to build, utilizing existing resources could be highly beneficial for investors seeking to maximize returns on Riot's existing asset portfolio. But with hefty price tags associated with other builds in this sector, and concerns around financing and the broader financial system coming into focus today, companies like Riot are being viewed as riskier than they were yesterday. I think today's decline could be short-lived, but we'll see. It all depends on how pervasive this increasingly bearish investor sentiment becomes. About the AuthorChris MacDonald is a contributing Motley Fool cryptocurrency analyst covering digital assets and blockchain companies. Chris has more than 10 years of professional experience in venture capital and corporate finance. He holds an MBA in finance from the University of British Columbia’s Sauder School of Business.TMFChrisMacDRead NextOct 6, 2025 •By Eric VolkmanWhy Riot Platforms Stock Skyrocketed by Nearly 11% on MondayJan 17, 2025 •By Eric VolkmanWhy the Market Was so Thrilled With Riot Platforms Stock This WeekDec 20, 2024 •By Jon QuastMissed Out on MicroStrategy Stock?
Chairman Michael Saylor Is Praising This Little-Known Stock That's Doubled in Value in Just the Last 3 Months.Dec 12, 2024 •By Eric VolkmanWhy Riot Platforms Stock Blasted Nearly 5% Higher on ThursdayJun 25, 2024 •By Leo SunIs Riot Platforms a Millionaire Maker?Jun 15, 2024 •By Anders BylundIs Riot Blockchain a No-Brainer Buy After the Bitcoin Halving?