Riot Platforms is trading at $20.37 (-7.42%) following a broad selloff in crypto assets that has hit mining-related stocks.
- Bitcoin has declined 3.17% since the previous close, while Ethereum is down 4.54% and Solana has dropped 4.40%.
- The move aligns with a weaker risk tone in the broader market, with the Nasdaq Composite down 1.04% and chip-related sentiment under pressure.
- A reaffirmed Buy rating from Bernstein ahead of upcoming earnings has provided some underlying support but has not been enough to offset the crypto-driven decline.