Advertisement
RIOT vs WULF
Which Stock Would AI Choose? Riot Platforms (RIOT) vs. TeraWulf (WULF) Stock Comparison
Key Takeaways
- Riot Platforms (RIOT) is a larger, more diversified operator that still generates most of its revenue from Bitcoin mining while layering in data center, engineering, and AI-hosting income.
- TeraWulf (WULF) has pivoted more aggressively toward contracted high-performance computing (HPC) hosting, with AI lease revenue now eclipsing its shrinking Bitcoin-mining segment.
- Both companies are monetizing scarce power capacity into long-duration AI and cloud contracts, but they differ sharply in scale, balance-sheet structure, and valuation.
- RIOT holds a sizable Bitcoin treasury and reported a $9.1 billion AI hosting agreement, while WULF trades at a notably higher price-to-sales multiple and a higher market beta.
- Relative performance has diverged: RIOT has outpaced the broader market year to date, while WULF has seen a sharper short-term pullback despite a strong multi-year run.
Introduction
Riot Platforms and TeraWulf both began as Bitcoin miners, but both have spent recent quarters repositioning as "digital infrastructure" companies that lease powered data center capacity to artificial intelligence (AI) and HPC tenants. This stock comparison is relevant for traders and investors tracking the convergence of crypto infrastructure and the AI buildout, two of the most capital-intensive technology themes of the current cycle. Because the two companies sit at different points along that transition and carry very different financial profiles, a head-to-head look at their relative performance and market positioning can help clarify where each one fits within a diversified, power-and-infrastructure-oriented portfolio.
RIOT Overview and Recent Performance
Riot Platforms, Inc. is one of the largest publicly traded Bitcoin miners in the United States, but its corporate narrative has shifted decisively toward becoming a data center operator. In recent quarters, the company reported its first data center revenue, marking what management called an inflection point, while its engineering segment, which designs and builds electrical infrastructure, continued to grow. Bitcoin mining remains the largest revenue line, though mining income has declined on lower average Bitcoin prices and rising global network hash rate, a measure of mining competition.
Recent market activity has favored the stock, with RIOT posting a double-digit gain over recent weeks and a strong year-to-date advance. The key catalysts have been execution on its AI hosting deals rather than mining fundamentals. Advanced Micro Devices (AMD) expanded its contracted capacity at Riot's Rockdale, Texas campus, and Riot later signed a roughly $9.1 billion agreement with AI developer Anthropic for significant data center capacity. Analysts have responded by raising price targets, reflecting growing confidence in Riot's ability to convert its power portfolio into recurring, contracted lease revenue while still maintaining a large Bitcoin treasury of roughly 15,000 coins.
WULF Overview and Recent Performance
TeraWulf Inc. develops and operates industrial-scale data center infrastructure purpose-built for HPC hosting and Bitcoin mining. Over the past year, the company has executed one of the fastest transitions in the sector, with HPC leasing revenue ramping sharply while digital asset revenue has contracted. Its flagship Lake Mariner campus in New York has energized substantial critical IT capacity for tenants such as Core42, with additional buildings tied to a Fluidstack deployment associated with Google. The company has also signed a long-term lease with Anthropic at its Justified campus in Kentucky.
Recent stock behavior has been more volatile. WULF retains a strong multi-year and year-to-date gain, but it has pulled back sharply over the trailing one to three months, in part because newly announced expansions, such as the doubling of contracted power at its Muskie Data Campus to one gigawatt (GW), remain subject to regulatory approval and will not generate revenue until later in the decade. With a market beta well above average, WULF has historically amplified both upswings and downswings relative to the broader market, a consideration for risk-sensitive investors.
Trending AI Robots
Tickeron's Trending AI Robots page is a curated hub where the platform surfaces its strongest-performing automated strategies from a much larger universe of AI trading bots. Tickeron hosts hundreds of AI Trading Bots that collectively trade thousands of different tickers, each with its own trading style, strategy, timeframe, performance record, statistics, and set of securities. Because no single bot fits every market environment, only the most suitable performers for current conditions earn a place in this featured section, with many bots displaying measurable track records across win rate, drawdown, and annualized return ranges. Browsing the page can help traders identify systematic approaches that align with their own risk tolerance and time horizon.
Head-to-Head Comparison
The most important contrast is one of scale and diversification. Riot Platforms operates a broader revenue base, combining Bitcoin mining, data center leasing, and a proprietary engineering business, and it carries a large Bitcoin treasury that provides balance-sheet optionality. TeraWulf, by comparison, is closer to a pure-play HPC and power-infrastructure story, having moved more of its revenue mix toward contracted AI leasing while mining shrinks in importance.
Growth drivers also differ. RIOT's recent momentum has been anchored by high-profile, investment-grade and frontier-AI tenants, including AMD and Anthropic, supporting a narrative of long-duration, contracted cash flow. WULF's growth rests on a wider pipeline of sites across New York, Kentucky, and Maryland, but several projects are earlier-stage and contingent on regulatory approvals, with revenue recognition years away. This contributes to WULF's higher valuation on a price-to-sales basis and its elevated volatility.
On risk, RIOT retains greater direct exposure to Bitcoin price swings through its mining segment and treasury, while WULF carries more leverage and a heavier reliance on capital-intensive buildouts and tenant concentration. Sector exposure is shared, as both are effectively leveraged plays on AI-driven demand for power and compute.
Tickeron AI Verdict
Based on observable factors such as trend consistency, stability, catalysts, and relative positioning, Tickeron's AI would likely favor RIOT in the current environment. Riot Platforms has demonstrated steadier recent relative performance, a more diversified revenue and asset base, and nearer-term, contracted catalysts with high-profile tenants that have already begun contributing revenue. TeraWulf's long-term power-backed AI story is compelling, but its higher beta, richer valuation multiple, and dependence on future regulatory approvals introduce greater near-term uncertainty. This assessment is probabilistic rather than definitive, reflecting current data rather than a prediction of future returns.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is RIOT is a Hold and WULF is a Hold.
Momentum Indicator for RIOT turns negative, indicating new downward trend
RIOT saw its Momentum Indicator move below the 0 level on September 30, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In 75 of the 83 cases, the stock moved further down in the following days. The odds of a decline are at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for RIOT turned negative on September 29, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In 38 of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at 88%.
RIOT moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for RIOT crossed bearishly below the 50-day moving average on October 07, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 88%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIOT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 87%.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where RIOT advanced for three days, in 244 of 274 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
The Aroon Indicator entered an Uptrend today. In 191 of 210 cases where RIOT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 13 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 28 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 78 (best 1 - 100 worst), indicating slightly worse than average price growth. RIOT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 94 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.700) is normal, around the industry mean (4.320). P/E Ratio (27.240) is within average values for comparable stocks, (30.932). Projected Growth (PEG Ratio) (0.800) is also within normal values, averaging (0.809). Dividend Yield (0.000) settles around the average of (0.016) among similar stocks. P/S Ratio (10.504) is also within normal values, averaging (16.763).
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RIOT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.
Momentum Indicator for WULF turns negative, indicating new downward trend
WULF saw its Momentum Indicator move below the 0 level on September 30, 2026. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned negative. In 77 of the 82 cases, the stock moved further down in the following days. The odds of a decline are at 90%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for WULF turned negative on September 29, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 44 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 86%.
WULF moved below its 50-day moving average on September 23, 2026 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for WULF moved below the 200-day moving average on September 10, 2026. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WULF declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
WULF broke above its upper Bollinger Band on September 08, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for WULF entered a downward trend on October 13, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +4.66% 3-day Advance, the price is estimated to grow further. Considering data from situations where WULF advanced for three days, in 248 of 269 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 82 (best 1 - 100 worst), indicating slightly worse than average price growth. WULF’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 97 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: WULF's P/B Ratio (51.282) is very high in comparison to the industry average of (4.320). P/E Ratio (0.000) is within average values for comparable stocks, (30.932). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.809). Dividend Yield (0.000) settles around the average of (0.016) among similar stocks. P/S Ratio (40.323) is also within normal values, averaging (16.763).
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WULF’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.
RIOT | WULF | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 63 | 60 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 94 Overvalued | 97 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | 100 | |
SMR RATING 1..100 | 98 | 100 | |
PRICE GROWTH RATING 1..100 | 78 | 82 | |
P/E GROWTH RATING 1..100 | 28 | 100 | |
SEASONALITY SCORE 1..100 | 13 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
RIOT's Valuation (94) in the Financial Conglomerates industry is in the same range as WULF (97) in the null industry. This means that RIOT’s stock grew similarly to WULF’s over the last 12 months.
RIOT's Profit vs Risk Rating (100) in the Financial Conglomerates industry is in the same range as WULF (100) in the null industry. This means that RIOT’s stock grew similarly to WULF’s over the last 12 months.
RIOT's SMR Rating (98) in the Financial Conglomerates industry is in the same range as WULF (100) in the null industry. This means that RIOT’s stock grew similarly to WULF’s over the last 12 months.
RIOT's Price Growth Rating (78) in the Financial Conglomerates industry is in the same range as WULF (82) in the null industry. This means that RIOT’s stock grew similarly to WULF’s over the last 12 months.
RIOT's P/E Growth Rating (28) in the Financial Conglomerates industry is significantly better than the same rating for WULF (100) in the null industry. This means that RIOT’s stock grew significantly faster than WULF’s over the last 12 months.
| RIOT | WULF | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 90% | N/A |
| Stochastic ODDS (%) | 2 days ago 90% | 2 days ago 89% |
| Momentum ODDS (%) | 2 days ago 90% | 2 days ago 90% |
| MACD ODDS (%) | 2 days ago 88% | 2 days ago 86% |
| TrendWeek ODDS (%) | 2 days ago 87% | 2 days ago 90% |
| TrendMonth ODDS (%) | 2 days ago 89% | 2 days ago 90% |
| Advances ODDS (%) | 23 days ago 89% | 13 days ago 90% |
| Declines ODDS (%) | 7 days ago 87% | 2 days ago 89% |
| BollingerBands ODDS (%) | N/A | 7 days ago 90% |
| Aroon ODDS (%) | 2 days ago 90% | 2 days ago 90% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
RIOT’s FA Score shows that 1 FA rating(s) are green while WULF’s FA Score has 0 green FA rating(s).
- RIOT’s FA Score: 1 green, 4 red.
- WULF’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
RIOT’s TA Score shows that 4 TA indicator(s) are bullish while WULF’s TA Score has 2 bullish TA indicator(s).
- RIOT’s TA Score: 4 bullish, 5 bearish.
- WULF’s TA Score: 2 bullish, 7 bearish.
Price Growth
RIOT (@Investment Banks/Brokers) experienced а -11.94% price change this week, while WULF (@Investment Banks/Brokers) price change was -11.76% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -8.34%. For the same industry, the average monthly price growth was -8.25%, and the average quarterly price growth was -15.48%.
Reported Earning Dates
RIOT is expected to report earnings on Nov 10, 2026.
WULF is expected to report earnings on Nov 16, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-8.34% weekly)These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
Advertisement
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| NANR | 88.13 | 0.70 | +0.80% |
| State Street SPDR S&P North American Natural Resources ETF (NANR) | |||
| RTAI | 18.63 | N/A | N/A |
| Rareview Tax Advantaged Income ETF (RTAI) | |||
| BAMU | 25.25 | N/A | N/A |
| Brookstone Ultra-Short Bond ETF (BAMU) | |||
| SPHQ | 85.43 | -0.09 | -0.11% |
| Invesco S&P 500 Quality ETF (SPHQ) | |||
| FEMS | 46.02 | -0.70 | -1.49% |
| First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) | |||
WULF and
Correlation & Price change
A.I.dvisor indicates that over the last year, WULF has been closely correlated with HUT. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if WULF jumps, then HUT could also see price increases.
| Ticker / NAME | Correlation To WULF | 1D Price Change % | ||
|---|---|---|---|---|
| WULF | 100% | -1.20% | ||
| HUT - WULF | 75% Closely correlated | -1.91% | ||
| CLSK - WULF | 74% Closely correlated | -1.46% | ||
| CIFR - WULF | 72% Closely correlated | -12.77% | ||
| IREN - WULF | 71% Closely correlated | N/A | ||
| RIOT - WULF | 70% Closely correlated | +1.21% | ||
More | ||||