Riot Platforms Inc. (NASDAQ:RIOT) is a promising stock to buy under $50, with Citi lowering the price target to $23 from $28 but maintaining a Buy rating. In Q3 2025, the company generated $180.2 million in revenue, more than double the previous year, driven by a $93.3 million increase in Bitcoin mining revenue.

Despite revenue growth, Riot experienced a 3% hash rate deployment compared to an 8% global network competition increase. Through its Power-First Strategy, the company saved $23 million in capital expenditure by leveraging engineering business and power credits. Riot Platforms operates as a Bitcoin mining company in the US.

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Read more at Yahoo Finance: Citi Positive on Riot Platforms (RIOT) Through 2026 on Expected Regulatory Reforms