Riot Platforms (RIOT) Jumps 5.8% as Bitcoin Hits New All-Time High

Riot Platforms Inc. (NASDAQ:RIOT) is one of the 10 Stocks Going Wild.

Riot Platforms saw its share prices increase by 5.79 percent on Wednesday to close at $12.24 apiece following an investment firm’s bullish recommendation for its stock, while tracking the all-time high rally of Bitcoin.

In a market note, Northland Securities reaffirmed its “buy” recommendation for Riot Platforms Inc. (NASDAQ:RIOT) with a price target of $15. The figure marked a 22.5-percent upside from its latest closing price.

Meanwhile, Riot Platforms Inc. (NASDAQ:RIOT) benefited from Bitcoin’s rally to an all-time high, with the cryptocurrency hitting its highest price of $111,907.49 amid growing institutional interest and a resurgence in retail demand.

Last month, Riot Platforms Inc. (NASDAQ:RIOT) said it mined a total of 450 Bitcoins, a jump of 76 percent from the 255 in the same month last year, but lower by 12 percent from the 514 mined in May 2025.

In the same month, the company also sold 397 Bitcoins, pushing its total holdings to 19,273.

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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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