Riot Platforms Inc

RIOT’s medium- and long-term structure remains bullish, anchored by a Stage 2 advance and rising 200-day SMA, but short-term price is extended above the 9/20/50-day moving averages without a Lockout Rally signal. We defer entry and look for a pullback into the EMAs/50-day SMA confluence near prior pivot support, where acceptance would offer higher-probability long-side participation. Key risks include a failure to hold support on the pullback or renewed resistance at the $22.50–$23.00 zone.

• ↑Q1 2026 data center revenue reached $167M via AMD lease
• ↑Initial lease revenue at 91% gross margin
• ↓Earnings yield of -4.12% indicates persistent losses