We recently published a list of Why These 15 Crypto Stocks Have Been Plunging In 2025. In this article, we are going to take a look at where Riot Platforms Inc (NASDAQ:RIOT) stands against other crypto stocks that have been plunging In 2025.
Crypto stocks have fallen significantly off their peaks as Bitcoin (BTC-USD) cools. Many crypto investors hoped that Trump’s crypto national reserve announcement would be followed up by news announcing that the U.S. government will start buying BTC like El Salvador did to prop up these reserves.
Instead, the government will likely create the reserve out of previously seized cryptocurrencies from criminals. This led to Bitcoin falling even further. The biggest impact of this was on Bitcoin miners. These companies make a significant amount of their revenue from mining or stockpiling large amounts of Bitcoin and then benefiting from the increases in value as it also increases their assets on the balance sheet.
However, with Bitcoin cooling off recently and crypto mining companies not having that big of a spike in the current cycle, many have started to plunge significantly.
Methodology
For this article, I screened the worst-performing crypto-related stocks year-to-date.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A computer engineer working in a futuristic office, programming algorithms to mine cryptocurrency.
Riot Platforms Inc (NASDAQ:RIOT)
Number of Hedge Fund Holders In Q4 2024: 38
Riot Platforms Inc (NASDAQ:RIOT) is one of the most well-known Bitcoin mining companies.
The stock is down significantly so far in 2025 as Bitcoin’s price has declined to about $83,400 (as of writing).
Earlier in February, Bitcoin’s price dipped below $95,000 and caused broader market anxiety. This also caused Riot Platform’s stock to decline.
Moreover, Riot announced it would halt the expansion of its Bitcoin mining operations at the Corsicana facility to explore AI and high-performance computing (HPC) opportunities. It reduced the company’s projected hash rate capacity for 2025 from 46.7 EH/s to 38.4 EH/s.
The consensus price target of $17.45 implies 108.54% upside.
RIOT stock is down 18.02% year-to-date.
Overall, RIOT ranks 10th on our list of crypto stocks that have been plunging 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.
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Disclosure: None. This article is originally published at Insider Monkey.
