Riot Platforms (RIOT) closed at $16.70, up 1.4% but down 21.38% over the past month, significantly underperforming the S&P 500. The company faces challenging earnings expectations with projected EPS of -$0.33 (down 226.92% YoY) and revenue forecasted at $160.65 million (down 10.86% YoY). For the full fiscal year, earnings are expected to decline 38.46% while revenue grows modestly by 3.51%. The stock holds a Zacks Rank #4 (Sell) rating.

Strategy Inc. shares rallied 60% over three months, outperforming Bitcoin miners Riot Platforms and CleanSpark, driven by its expanding Bitcoin treasury which reached 848,000 coins. However, the company's extremely high forward P/S ratio of 114.08X and potential share dilution raise valuation concerns, prompting analysts to recommend patience despite improved financial flexibility and cash reserves of $4.88 billion.

Riot Platforms (RIOT) closed down 2.06%, underperforming the S&P 500's 0.22% decline. The stock has fallen 14.96% over the past month, significantly lagging the Finance sector's 4.09% loss. Analysts project a quarterly EPS of -$0.33 (226.92% decline YoY) and revenue of $160.65 million (10.86% decline YoY). The company holds a Zacks Rank of #3 (Hold) with a full-year earnings forecast of -$2.71 per share.

Riot Platforms (RIOT) fell 2.63% to $19.62 in the latest session, underperforming the S&P 500. The company is expected to report an EPS of -$0.33 (226.92% decline YoY) and revenue of $160.65 million (10.86% decline YoY). The Zacks Consensus EPS estimate has declined 3.73% over the past month, and the stock holds a Zacks Rank of #3 (Hold).

Riot Platforms (RIOT) closed at $20.95, down 2.42%, underperforming the S&P 500's 0.48% loss. While the stock gained 12.91% over the past month, analysts project a significant earnings decline with EPS expected at -$0.33 (down 226.92% year-over-year) and revenue declining 9.7% to $162.75 million. The company received a Zacks Rank #4 (Sell) rating, with consensus EPS estimates revised 7.29% lower over the last 30 days.

Applied Digital (APLD) has declined 35.6% over three months, significantly underperforming peers and the broader market. The company faces heavy capital requirements ($2.87B spent in fiscal 2026), rising leverage ($5.31B in debt obligations), and delayed revenue realization as most contracted capacity won't become operational until 2027-2028. Earnings estimates have been revised downward, and the stock trades at a premium valuation relative to peers. Zacks recommends selling due to unfavorable risk-reward dynamics.

While Wall Street analysts give Riot Platforms (RIOT) a strong buy-equivalent rating (ABR of 1.40), the article cautions that brokerage recommendations are often overly optimistic due to institutional bias. The Zacks Rank system, which relies on earnings estimate revisions, rates RIOT as a Sell (#4) due to a 12.5% decline in consensus earnings estimates over the past month, suggesting near-term stock weakness despite positive analyst sentiment.

Riot Platforms, Inc. (NASDAQ: RIOT) announced the rescheduling of its second quarter 2026 earnings conference call to Monday, August 10, 2026, at 4:30 P.M. EST. The call will be available via webcast and dial-in options for investors and analysts to discuss the company's financial performance.

Keel Infrastructure rose 2.47% to $6.01 following a $458 million convertible-note financing to fund AI data-center expansion. The company, rebranded from Bitfarms, faces the challenge of converting power-secured sites into signed customer leases to demonstrate clear project economics. Peers CleanSpark and Riot Platforms also gained ground in the digital infrastructure sector.

HIVE Digital Technologies stock rose 5.31% to $4.76 on June 1st following analyst price target increases and ahead of upcoming earnings. Cantor Fitzgerald raised its price target to $4.60 from $3.00, citing the company's renewable-powered Bitcoin mining operations and expansion plans into AI and high-performance computing data centers. The upcoming earnings call will provide details on mining profitability, power capacity, and progress on AI/HPC initiatives.

Iren shares fell 9.89% to $55.15 after announcing a $2 billion convertible notes offering, which sparked concerns about shareholder dilution. The decline comes despite last week's positive Nvidia partnership announcement, as investors also weighed a recent earnings miss and the company's transition from Bitcoin mining to AI cloud services.

Cipher Mining (CIFR) surged 23.53% on May 5, 2026, despite weak Q1 results, driven by a strategic pivot toward AI and high-performance computing data centers. The company secured a new $200 million credit facility and announced approximately $11.4 billion in contracted revenue, signaling a shift from bitcoin mining to data center infrastructure.