Riot Platforms, Inc., together with its subsidiaries, operates as a Bitcoin mining company in the United States.
FAIL · Does not pass the screen
20.00 USD
At the last full screen 2026-08-24
Screened 2026-08-24 · the tape above runs as of 23:26 UTC · 4 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markdown label.
Riot Platforms Inc holds its Markdown at $20.00. Consolidating, no directional conviction, held for 61 days.
As held on the ledger · 2026-08-24
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 61 days
Price at the screen
$20.00
Valuation
N/A trailing · -21.39 forward price to earnings
Values screen
FAIL· score 30.0
Beta
3.85
The Workings
Five Screens, Shown in Full
Does not pass. Excluded industry: Capital Markets
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Excluded industry: Capital Markets
Fail
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
Excluded
Below 5%
of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-08-24 screen. The gold marker is the market price at the same screen. A 50.0% margin of safety to the base estimate.
Third-party analyst targets: 21 covering, consensus Strong Buy. The average target sits +50% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-08-24 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Bitcoin mining draws crowds but hits ethical wall
Picture a miner chasing digital gold in a volatile desert where power costs and coin prices swing wildly. Riot Platforms operates exactly that business, yet we pass without hesitation. The ethical screen flags capital markets exposure as an excluded industry, and that alone ends the conversation regardless of any apparent upside.
Financially the picture is weak. Revenue growth sits at just 4 percent while profit margins print negative 133 percent and return on equity is negative 32 percent. A forward price to earnings ratio of negative 26 times underscores ongoing losses, and the narrow moat offers little protection against bigger, better capitalised rivals.
The stock carries a strong buy consensus from analysts, yet the ethical failure overrides any valuation math or cyclical bitcoin swings. Peak earnings in this sector often coincide with the lowest multiples, a classic trap rather than a bargain. Analysis, not advice.
The framework has shifted from accumulation to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 20.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 60% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 130%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (20 analysts) rates it strong buy, with a mean price target of $29.
2026-07-18Accumulation$26.61+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B. Technically it is holding around 60% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 130%. Our forward projection puts the odds of a 10% gain over the next month near 39%. The street (20 analysts) rates it strong buy, with a mean price target of $29.
2026-07-03Accumulation$26.61+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Accumulation$26.61Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
