Why This Fund Bet $4.5 Million on Riot Stock Amid a 30% One-Year Run

4 days ago 8

Jonathan Ponciano, The Motley Fool

Sat, December 20, 2025 astatine 1:23 PM CST 4 min read

New York City-based Aurelius Capital Management initiated 238,220 shares successful Riot Platforms during the 3rd quarter.
The reported presumption worth was astir $4.5 cardinal astatine quarter-end.
Riot Platforms is present the fund's fifth-largest holding.
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On November 13, New York City-based Aurelius Capital Management disclosed a caller presumption successful Riot Platforms (NASDAQ:RIOT), acquiring 238,220 shares valued astatine astir $4.5 million.

Aurelius Capital Management established a caller equity presumption successful Riot Platforms (NASDAQ:RIOT), according to a Securities and Exchange Commission (SEC) filing released November 13. The money reported ownership of 238,220 shares valued astatine $4.5 cardinal based connected September 30 quarter-end data. This introduction marks Riot Platforms arsenic 1 of the 5 largest holdings successful Aurelius’s portfolio.

The caller presumption accounts for 8.2% of Aurelius’s 13F reportable assets nether management.

Top holdings aft filing:

NASDAQ:BITF: $19 cardinal (34.4% of AUM)
NASDAQ:CORZ: $8.4 cardinal (15.3% of AUM)
NASDAQ:CIFR: $6.3 cardinal (11.4% of AUM)
NASDAQ:WULF: $5.1 cardinal (9.3% of AUM)
NASDAQ:RIOT: $4.5 cardinal (8.2% of AUM)

As of Friday, shares were priced astatine $14.50, up astir 30% implicit the past twelvemonth and good outperforming the S&P 500, which is up 16% successful the aforesaid period.

Metric

Value

Price (as of Friday)	$14.50
Market capitalization	$5.4 billion
Revenue (TTM)	$637.2 million
Net income (TTM)	$164 million

Riot Platforms provides Bitcoin mining services, engineering solutions, and manufactures powerfulness organisation instrumentality for large-scale commercialized and governmental customers.
The institution generates gross chiefly done its Bitcoin mining operations and the merchantability of customized electrical infrastructure products and services.
It targets institutional-scale Bitcoin miners, information centers, utilities, and concern clients successful the United States.

Riot Platforms is simply a U.S.-based Bitcoin mining institution with operations successful infrastructure engineering and powerfulness organisation solutions. It operates aggregate large-scale mining facilities and provides services to organization clients successful the integer plus infrastructure sector.

What matters present isn’t the commercialized itself, but the connection it sends astir wherever durable worth whitethorn beryllium forming wrong the integer infrastructure stack. Riot has spent the past respective years being priced much than 75% beneath its 2021 highs, but the latest information suggests a turnaround mightiness beryllium successful sight.

In the 3rd quarter, Riot posted grounds gross of $180.2 million, much than doubling twelvemonth implicit year, alongside $104.5 cardinal successful nett income and $197.2 cardinal successful adjusted EBITDA. Importantly, those results weren’t driven solely by higher Bitcoin prices. The institution is actively repositioning astir large-scale information halfway development, including the initiation of 112 megawatts of halfway and ammunition capableness astatine its Corsicana campus. That displacement expands Riot’s addressable marketplace good beyond self-mining.

The equilibrium expanse helps explicate the confidence. Riot ended the 4th with $330.7 cardinal successful unrestricted cash, $170 cardinal successful moving capital, and astir 19,300 bitcoin worthy astir $2.2 cardinal astatine 4th end. Within this portfolio, the Riot presumption sits down much speculative miners but up of smaller allocations -- suggesting targeted condemnation alternatively than a wide crypto bet.