Riot Platforms, Inc. stock outlook in 2025: How to trade RIOT on Bybit

As of 2025, it’s increasingly common to see publicly listed companies across different industries pivoting their focus to web3. One of the early adopters of this trend, Riot Platform, Inc. (RIOT), quickly became a key player in the blockchain infrastructure space. In this article, we‘ll take a closer look at the company's evolving business model and its future outlook, and share how Bybit users can trade RIOT directly on the Bybit platform.

Key Takeaways:

• Riot Platforms is pivoting from Bitcoin mining to AI and high-performance computing.

• This pivot is supported by growing AI infrastructure demand and favorable US regulations, but faces profitability pressures and rising competition.

• RIOT stock CFDs are now available for trading on Bybit, giving users crypto-native access to a major tech infrastructure play.

What is Riot Platforms, Inc.?

Riot Platforms, Inc. is a US-based digital infrastructure company that owns and operates the largest Bitcoin mining facilities in North America. Over the years, it’s grown into one of the largest publicly traded mining firms by both hash rate and infrastructure footprint. With this infrastructure in place, Riot is now positioning itself as a broader player in the digital infrastructure space.

Evolution of Riot’s business model

Riot initially focused on scaling its mining operations and acquiring energy infrastructure, a model that performed well during Bitcoin bull cycles. In recent years, however, growth has stalled. The company missed several earnings projections, and its stock has traded mostly sideways since 2023, even as Bitcoin hit new highs.

In response, Riot began pivoting from pure Bitcoin mining to AI data center and high-performance computing (HPC) operations. As part of this shift, it brought in board members and advisors with expertise in AI and cloud infrastructure to help lead the transformation.

Operational highlights

In Q1 2025, before its strategic pivot, Riot reported quarterly revenue of $161.4 million, more than doubling from $79.3 million in the same period a year earlier. However, despite the increasing revenue, the company posted a net loss of $296.4 million as compared to a profit of $211.8 million in Q1 2024. This loss was driven largely by the rising depreciation of its hardware, and lower post-halving margins from Bitcoin mining. 

However, the company continues to expand, and completed the acquisition of Rhodium Enterprises’ assets in April 2025, securing an additional 125 megawatts of power for its operations. 

Catalysts and outlook for 2025

Bullish factors

Riot Platforms’ shift could provide it with a more stable and recurring revenue model that’s superior to the cyclical nature of Bitcoin mining. The broader demand for AI infrastructure — combined with regulatory support for domestic compute capacity in the US — could also create favorable conditions for Riot’s pivot. In states like Texas (where Riot’s assets are located), the regulatory environment also remains favorable for energy-intensive industries.

Bearish factors

At the same time, the company also faces some real challenges. Its profitability continues to face pressure, and the company’s pivot to AI and HPC infrastructure also faces significant competition both from centralized companies and other decentralized projects that offer distributed computing power.

Trade RIOT on Bybit now

On Jul 7, 2025, Bybit announced the listing of RIOT stock CFDs on its platform. This allows verified users to trade RIOT using USDT margin.

Step-by-step guide 

1. Log in or create a Bybit account and complete KYC verification

2. Navigate to Bybit TradFi under Trade → TradFi 

3. Deposit USDT into your Funding Account and transfer it to your TradFi Account

4. Start trading RIOT CFDs directly on the Bybit App without using an external MT5 app

As Riot heads into a pivotal H2 2025, its stock could witness significant volatility. Bybit users can go long or short on RIOT directly through the platform with the Bybit app.



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