Riot Platforms Inc

RIOT remains in a Stage 4 decline underpinned by broad distribution and price trading below declining EMAs, currently testing 200 DMA support. Oversold conditions lack a clear reversal trigger, keeping medium-term bias bearish and favoring immediate sell-side engagement. The long-term uptrend is intact but secondary until price reclaims 9 and 21 EMAs with follow-through volume.

• ↑AMD 50 MW lease secured $636 M revenue potential, reducing CAPEX to $3.3 M/MW
• ↑Q1 2026 operating leases yielded 91% gross margin on $900 K revenue
• ↓Q1 2026 net loss of $500 M from Bitcoin valuation swings