Riot Platforms Stock Is Nearing 52-Week Lows: What's Going On?

Shares of Riot Platforms Inc. (NASDAQ:RIOT) are trading lower Tuesday, nearing 52-week lows as crypto-linked stocks continue to face selling pressure amid broad investor caution and recent company updates.

What To Know: Bitcoin's recent decline and months of underwhelming performance appear to be adding to the negative sentiment surrounding crypto-related stocks including Bitcoin miner Riot.

Bitcoin has struggled to hold support levels and has trended lower since January amid rising tariff uncertainty. Tariffs don’t directly impact cryptocurrencies, but crypto-related assets have faced selling pressure due to a general risk-off sentiment.

Although the Trump administration’s recent 90-day pause on reciprocal tariffs offered slight relief for broader markets, investors remain cautious ahead of upcoming earnings and rising trade tensions with China.

Riot Platforms has not been spared from industry-specific pressures. Analyst John Todaro from Needham warned earlier this month that newly imposed tariffs could raise U.S. Bitcoin mining infrastructure costs by around 20%.

Riot, among other miners, is expected to face increased capital expenditures for future site builds, reflecting higher materials and equipment costs due to dependence on Asian manufacturing, the analyst said. While these costs do not affect current operations, they put pressure on long-term growth plans and margins.

With tariff uncertainty lingering across markets, investors are shifting their attention to the upcoming earnings season. Riot is expected to report earnings at the end of the month. Analysts anticipate a loss of 12 cents per share on revenue of $158.64 million, per Benzinga Pro estimates.

Riot reports mining metrics on a monthly basis. The company said at the beginning of the month that it produced 533 Bitcoin in March, up from 470 Bitcoin produced in February. Riot attributed the increased mining production to operational improvements across onsite teams. Investors will be looking for further mining operation updates when the company reports first-quarter results.

RIOT Price Action: Riot has a 52-week high of $15.87 and a 52-week low of $6.22. Riot shares were down 6.66% at $6.54 at the time of publication Tuesday, according to Benzinga Pro.

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