Markets
February 21, 2026
Riot Platforms stock has regained momentum after a difficult start to 2026. Shares climbed nearly 15% this week amid renewed investor interest. The company will release its Q4 2025 earnings and full-year results on February 24, 2026. This RIOT Earnings preview will focus on how Bitcoin price swings still influence mining revenue. Furthermore, the AMD Data Center Deal will offer a new path to higher margin AI and HPC income. As one of the largest Bitcoin miners now pivoting toward AI infrastructure, Riot Platforms (RIOT) remains firmly on watch lists.
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RIOT Earnings Preview: Key Insights Ahead
Analysts anticipate a challenging result for Riot Platforms in its upcoming Q4 2025 results. Consensus calls for an EPS loss of around 0.22 per share. This would represent a sharp decline of 150% compared to last year. This is in line with the cryptocurrency market, but more important, with Bitcoin (BTC) price.
Bitcoin mining pressure is increasing due to the recent price action in the crypto market. BTC fell from its record highs in October 2025 to $87.000,00 in December. Furthermore, the decline continued in 2026 to reach $60,000 in early February. It is worth noting that RIOT holds 18,000 BTC according to Bitcoin Treasuries.
Source: TradingView
Bitcoin mining outlook remains clouded for the near term, even as Riot maintains one of the sector’s strongest operational footprints. Network-wide hash rate growth has intensified competition and raised average production costs across the industry since the 2024 halving effects lingered into 2025. Despite Riot’s efficient fleet and low-cost Texas power access, lower Bitcoin prices directly compress mining margins and realized revenue per coin.
Investors will watch the February 24 RIOT Earnings Preview for updates on hash rate plans, cost controls, or hedging, which could ease risks or underscore ongoing mining pressures.
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How AMD Data Center Deal Shapes RIOT’s Growth
The AMD Data Center Deal, announced in January 2026, marks Riot Platforms’ first major step into contracted, high-margin infrastructure revenue. Riot signed a 10-year lease with AMD for an initial 25 MW of critical IT load in Texas. This agreement generates about $311 million in expected contract revenue over the base term. There is also a five-year extension option that could push total value toward $1 billion.
This transaction reshapes the Bitcoin mining outlook by positioning Riot as a hybrid player in the booming AI infrastructure market. While core mining remains exposed to BTC price swings and hash rate pressures, the AMD data center deal opens doors to recurring income. This could materially lift long-term earnings power and support a re-rating of RIOT shares in the long-term.
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