Why Is Riot Platforms, Inc. (RIOT) Among the Hottest Mid-Cap Stocks So Far in 2025?

We recently compiled a list of the 10 Hottest Mid-Cap Stocks So Far in 2025. In this article, we are going to take a look at where Riot Platforms, Inc. (NASDAQ:RIOT) stands against the other mid-cap stocks.

If you’ve been fixated on the usual suspects in the S&P 500, you might be missing out on some solid action. Many mid-cap stocks have been delivering stellar gains in the first few weeks of this month, and there’s a good chance the momentum will stick around.

We believe they’ll prove to be more nimble than the large-cap stocks. It’s worth looking at them because they are comparatively trading at more attractive valuations and they also strike the sweet spot between the stability of large caps and the growth potential of small caps.

The S&P MidCap 400 index has outpaced the S&P 500 index year-to-date. It’s not just a flash in the pan, either. Historically, mid-caps have outperformed both their larger and smaller counterparts in 55% of rolling five-year periods since 1983. As such, it’s worth looking deeper into each top mid-cap performer.

A computer engineer working in a futuristic office, programming algorithms to mine cryptocurrency.

Riot Platforms, Inc. (NASDAQ:RIOT)

• YTD Performance: 27.9%

Riot Platforms (NASDAQ:RIOT) is a well-known Bitcoin miner. This company is heavily focused on Bitcoin, and as with most Bitcoin miners, the returns here are quite unpredictable going forward.

Regardless of the variables in play, I think that it is still worth researching if you are looking for high-risk, high-reward stocks. In 2024, for instance, the company reported a 155% increase in its deployed hash rate. It is now arguably one of the fastest-growing Bitcoin miners. Riot mined 516 BTC in December alone.

All things considered, if Bitcoin soars, Riot could ride that wave in a big way. Conversely, if we head into another crypto winter, Riot’s business model will be tested, and investors could feel some pain.

Overall RIOT ranks 5th on our list of the hottest mid-cap stocks so far in 2025. While we acknowledge the potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIOT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 10 Hottest Mega-Cap Stocks So Far in 2025 and 10 Hottest Large-Cap Stocks So Far in 2025

Disclosure: None. This article is originally published at Insider Monkey.