Why These 15 Crypto Stocks Have Been Plunging In 2025

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10. 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.

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