On September 28, Riot Platforms fell 5.33% in regular trading, trading at $21.76/share, with turnover of $188 million. The stock reversed sharply from pre-market gains, where it had risen over 3% alongside Bitcoin breaking above $88,000.
Within the Application Software sector where Riot Platforms belongs, the overall sector trended lower. Among individual stocks, Palantir Technologies Inc. down 0.85%, Strategy down 0.4%, Salesforce.com down 2.4%, Adobe down 1.99%, IREN Ltd down 4.96%.
Riot Platforms is a bitcoin mining company operating in North America across Bitcoin Mining, Data Center Hosting, and Engineering segments. It also provides co-location services for institutional-scale miners and designs power distribution equipment. The company recently signed a 20-year, 191-megawatt data center lease with Anthropic valued at approximately $9.1 billion in projected revenue, marking a strategic pivot toward AI/HPC infrastructure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)