{"id":23031,"date":"2026-03-02T18:07:25","date_gmt":"2026-03-02T18:07:25","guid":{"rendered":"https:\/\/bitunikey.com\/news\/riot-stock-rises-ahead-of-earnings-as-a-risky-pattern-emerges\/"},"modified":"2026-03-02T18:07:31","modified_gmt":"2026-03-02T18:07:31","slug":"riot-stock-rises-ahead-of-earnings-as-a-risky-pattern-emerges","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/riot-stock-rises-ahead-of-earnings-as-a-risky-pattern-emerges\/","title":{"rendered":"Riot stock rises ahead of earnings as a risky pattern emerges"},"content":{"rendered":"
\n

Riot stock price rose by over 1.2% on Monday as Bitcoin and other altcoins rose despite the ongoing geopolitical risks. It also rose as traders waited for its financial results.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Riot Platforms stock rose as the crypto market rebounded.<\/li>\n
  • The company will publish its financial results on Monday.<\/li>\n
  • The stock has formed a diamond reversal pattern, pointing to a potential reversal.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    RIOT stock rose to $16.50 from the intraday low of $15.45. It remains 40% above its lowest level in February, with the market capitalization soaring to over $6.14 billion.<\/p>\n

    Wall Street analysts expect the upcoming results to show that the Bitcoin (BTC) mining giant did well in the last quarter, with its revenue rising by 10% to $158 million. Its annual revenue is expected to come in at $658 million, up by 75% YoY.<\/p>\n

    The most recent showed that its revenue jumped to $180 million in the third quarter from $84 million in the same period in 2024. This growth was driven by its mining operations, whose revenue rose from $67 million to $160 million. Its engineering revenue rose to $19 million from $12 million.<\/p>\n

    Like other Bitcoin mining companies, Riot Platforms is facing major challenges as the coin remains in a technical bear market after falling by over 40% from its all-time high. As a result, it is expanding to the data colocation industry, which is booming as companies boost their capital expenditure.<\/p>\n

    <\/p>\n

    It recently acquired 200 acres of land in Texas to expand its mining operations. Also, it entered a data center leasing agreement with AMD, a top semiconductor company. Its initial deal is for 25 MW of IT capacity.<\/p>\n

    Riot Platforms is under pressure from Starboard Value, an activist investor, who believes that it should accelerate its transition into a data center operator. It wants it to accelerate the rollout of its data centers, a move that will make it more attractive to hyperscalers. For example, IREN has already inked deals worth over $10 billion, while CoreWeave has a backlog of over $50 billion.<\/p>\n

    Riot Platforms stock price technical analysis\u00a0<\/h2>\n
    RIOT stock chart | Source: crypto.news\u00a0<\/figcaption><\/figure>\n

    The daily chart shows that the Riot Platforms share price has rebounded from the year-to-date low of $11.85 in February to the current $16.50.\u00a0<\/p>\n

    It remains between the 50% and 38.2% Fibonacci Retracement level. It also moved slightly above the 100-day Exponential Moving Average.<\/p>\n

    However, the stock has also formed a diamond reversal pattern, which often leads to a bearish breakdown.<\/p>\n

    Therefore, it will likely have a bearish breakdown after its earnings. If this happens, the next key target to watch will be the psychological level at $15.\u00a0<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Riot stock price rose by over 1.2% on Monday as Bitcoin and other altcoins rose despite the ongoing geopolitical risks. It also rose as traders waited for its financial results.…<\/p>\n","protected":false},"author":1,"featured_media":23032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=23031"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23031\/revisions"}],"predecessor-version":[{"id":23033,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/23031\/revisions\/23033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/23032"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=23031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=23031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=23031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}