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RIOT vs WULF
Which Stock Would AI Choose? Riot Platforms, Inc. (RIOT) vs. TeraWulf Inc. (WULF) Stock Comparison
Key Takeaways
- Both RIOT and WULF are Bitcoin miners pivoting toward AI and high-performance computing (HPC) data center infrastructure, reshaping how investors value them.
- RIOT brings a larger, more diversified revenue base and investment-grade contracted tenants, while WULF has posted stronger recent price momentum but heavier reported losses and leverage.
- WULF crossed a milestone in its latest quarter as AI compute revenue (60% of total) surpassed Bitcoin mining revenue for the first time.
- Tickeron AI Verdict: Based on relative stability, revenue diversification, and contracted positioning, Tickeron's AI currently favors RIOT over WULF.
- For more on each name, explore RIOT Major News, RIOT Today's Price Move, WULF Major News, and WULF Today's Price Move.
- Discover curated AI trading strategies by visiting the Trending AI Robots page.
Introduction
Riot Platforms, Inc. (RIOT) and TeraWulf Inc. (WULF) are two of the most closely watched names in the digital-asset mining sector, and both are now racing to convert their power and infrastructure assets into AI-focused data center businesses. For traders and investors, this stock comparison matters because the two companies illustrate two distinct approaches to the same industry shift: one scaling a diversified, tenant-backed buildout and the other moving aggressively toward a contracted HPC model. Readers evaluating relative performance, market positioning, and exposure to both Bitcoin and AI infrastructure will find this side-by-side comparison directly relevant to current market conditions.
RIOT Overview and Recent Performance
Riot Platforms, Inc. (RIOT) is a vertically integrated Bitcoin miner and digital infrastructure operator with large-scale sites in Texas and Kentucky. In recent weeks, the company has drawn significant attention for a 20-year data center lease covering 191 megawatts (MW) of capacity at its Rockdale, Texas campus, reported to be with a leading frontier AI lab and valued at roughly $9.1 billion in initial contract revenue. Combined with an existing AMD relationship, Riot reports about 241 MW of contracted critical IT capacity and approximately $9.8 billion in long-term contracted revenue.
Financially, RIOT reported total revenue of about $174.2 million in its most recent quarter, up 14% year over year, while Bitcoin mining revenue declined and engineering and data center revenue expanded. The company continues to post net losses, and a central investor concern is the funding of its capital-intensive buildout, including a $573 million interim credit facility. Sentiment has been shaped by the AI pivot, contracted revenue visibility, and ongoing questions about execution and financing.
WULF Overview and Recent Performance
TeraWulf Inc. (WULF) is a Maryland-based Bitcoin mining and data center operator that has moved decisively toward high-performance computing. In its latest reported quarter, AI compute revenue of about $21 million represented roughly 60% of total revenue, surpassing Bitcoin mining revenue for the first time in the company's history, while mining revenue fell roughly 50%. The shift is anchored by long-term contracts, including a Google-backed 25-year lease with AI cloud provider FluidStack valued around $9.5 billion in contracted revenue.
Recent market activity has favored the stock, with WULF rising substantially over recent months. However, the company reported a net loss exceeding $427 million in that quarter, driven largely by non-cash warrant revaluation and rising interest expense, and it carries a sizable debt load. The acquisition of the Muskie Data Campus in Kentucky, aimed at more than 1 gigawatt of AI data center capacity, underscores management's commitment to HPC, even as leverage and capital costs remain focal points for investors.
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Head-to-Head Comparison
The clearest contrast between the two companies is scale versus momentum. RIOT generates materially larger total revenue and operates a more diversified model spanning Bitcoin mining, engineering, and data center leasing, with investment-grade tenants providing contracted revenue visibility. WULF, by contrast, is smaller by revenue but has converted to an HPC-led model faster and has delivered stronger recent share-price momentum.
Risk profiles also differ. RIOT faces execution and financing risk tied to a multi-billion-dollar buildout, though its diversified revenue and larger liquidity cushion temper some exposure. WULF carries substantial leverage and larger reported losses, with a heavier reliance on the success of its HPC transition and specific long-term contracts. Both remain correlated to Bitcoin to varying degrees, but each is increasingly priced on contracted AI infrastructure rather than mining economics alone.
Tickeron AI Verdict
Considering observable factors such as revenue diversification, contracted positioning, tenant quality, and balance-sheet stability, Tickeron's AI would currently lean toward RIOT as the more favorable candidate in this comparison. The broader revenue base and investment-grade contracted tenants provide a comparatively steadier foundation, even as WULF demonstrates stronger near-term momentum and a faster HPC transition. This assessment reflects a probabilistic view of relative positioning rather than a definitive forecast, and outcomes will likely depend on execution, financing, and broader sector conditions.
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.
RIOT in +29.81% Uptrend, rising for three consecutive days on November 04, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where RIOT advanced for three days, in 242 of 273 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RIOT's RSI Oscillator exited the oversold zone, 24 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The Momentum Indicator moved above the 0 level on November 03, 2026. You may want to consider a long position or call options on RIOT as a result. In 69 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
The Moving Average Convergence Divergence (MACD) for RIOT just turned positive on November 03, 2026. Looking at past instances where RIOT's MACD turned positive, the stock continued to rise in 37 of 43 cases over the following month. The odds of a continued upward trend are 86%.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
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 15 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 90%.
The 50-day moving average for RIOT moved below the 200-day moving average on October 23, 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 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%.
RIOT broke above its upper Bollinger Band on November 04, 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 RIOT entered a downward trend on November 05, 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.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 79 (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 87 (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 (2.526) is normal, around the industry mean (3.008). P/E Ratio (-3.844) is within average values for comparable stocks, (6.695). Projected Growth (PEG Ratio) (0.800) is also within normal values, averaging (0.809). Dividend Yield (0.271) settles around the average of (9.358) among similar stocks. P/S Ratio (10.504) is also within normal values, averaging (16.899).
The Tickeron PE Growth Rating for this company is 98 (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 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 88, placing this stock worse than average.
WULF in +12.02% Uptrend, advancing for three consecutive days on October 28, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where WULF advanced for three days, in 249 of 272 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WULF's RSI Oscillator exited the oversold zone, 21 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 84%.
WULF may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 59 of 62 cases where WULF's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 90%.
The Momentum Indicator moved below the 0 level on November 04, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on WULF as a result. In 80 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
The Moving Average Convergence Divergence Histogram (MACD) for WULF turned negative on November 05, 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 52 similar instances when the indicator turned negative. In 47 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
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%.
The Aroon Indicator for WULF entered a downward trend on October 26, 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.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 10 (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 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 96 (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 (34.149) is very high in comparison to the industry average of (3.008). P/E Ratio (-2.260) is within average values for comparable stocks, (6.695). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.809). Dividend Yield (0.000) settles around the average of (9.358) among similar stocks. P/S Ratio (40.323) is also within normal values, averaging (16.899).
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 88, placing this stock worse than average.
RIOT | WULF | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 23 | 18 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 87 Overvalued | 96 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | 100 | |
SMR RATING 1..100 | 98 | 100 | |
PRICE GROWTH RATING 1..100 | 79 | 82 | |
P/E GROWTH RATING 1..100 | 98 | 10 | |
SEASONALITY SCORE 1..100 | n/a | 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 (87) in the Financial Conglomerates industry is in the same range as WULF (96) 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 (79) 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.
WULF's P/E Growth Rating (10) in the null industry is significantly better than the same rating for RIOT (98) in the Financial Conglomerates industry. This means that WULF’s stock grew significantly faster than RIOT’s over the last 12 months.
| RIOT | WULF | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 80% | 2 days ago 84% |
| Stochastic ODDS (%) | 2 days ago 83% | 2 days ago 90% |
| Momentum ODDS (%) | 2 days ago 84% | 2 days ago 90% |
| MACD ODDS (%) | 2 days ago 86% | 2 days ago 90% |
| TrendWeek ODDS (%) | 2 days ago 87% | 2 days ago 90% |
| TrendMonth ODDS (%) | 2 days ago 89% | 2 days ago 90% |
| Advances ODDS (%) | 3 days ago 89% | 10 days ago 90% |
| Declines ODDS (%) | 5 days ago 87% | 2 days ago 89% |
| BollingerBands ODDS (%) | 2 days ago 87% | 2 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 0 FA rating(s) are green while WULF’s FA Score has 1 green FA rating(s).
- RIOT’s FA Score: 0 green, 5 red.
- WULF’s FA Score: 1 green, 4 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 3 bullish TA indicator(s).
- RIOT’s TA Score: 4 bullish, 6 bearish.
- WULF’s TA Score: 3 bullish, 5 bearish.
Price Growth
RIOT (@Investment Banks/Brokers) experienced а +7.42% price change this week, while WULF (@Investment Banks/Brokers) price change was -20.94% for the same time period.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -5.51%. For the same industry, the average monthly price growth was -22.31%, and the average quarterly price growth was -27.70%.
Reported Earning Dates
RIOT is expected to report earnings on Mar 03, 2027.
WULF is expected to report earnings on Nov 06, 2026.
Industries' Descriptions
@Investment Banks/Brokers (-5.51% 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.
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RIOT and
Correlation & Price change
A.I.dvisor indicates that over the last year, RIOT has been closely correlated with HUT. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIOT jumps, then HUT could also see price increases.
| Ticker / NAME | Correlation To RIOT | 1D Price Change % | ||
|---|---|---|---|---|
| RIOT | 100% | -3.97% | ||
| HUT - RIOT | 81% Closely correlated | -6.11% | ||
| CLSK - RIOT | 80% Closely correlated | -16.47% | ||
| MSTR - RIOT | 79% Closely correlated | -9.29% | ||
| MARA - RIOT | 78% Closely correlated | -14.48% | ||
| COIN - RIOT | 77% Closely correlated | -9.69% | ||
More | ||||
WULF and
Correlation & Price change
A.I.dvisor indicates that over the last year, WULF has been closely correlated with CLSK. These tickers have moved in lockstep 78% of the time. This A.I.-generated data suggests there is a high statistical probability that if WULF jumps, then CLSK could also see price increases.
| Ticker / NAME | Correlation To WULF | 1D Price Change % | ||
|---|---|---|---|---|
| WULF | 100% | -13.85% | ||
| CLSK - WULF | 78% Closely correlated | -16.47% | ||
| HUT - WULF | 77% Closely correlated | -6.11% | ||
| RIOT - WULF | 76% Closely correlated | -3.97% | ||
| CIFR - WULF | 72% Closely correlated | -14.62% | ||
| IREN - WULF | 71% Closely correlated | -16.95% | ||
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| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| ADDS | 25.40 | N/A | N/A |
| Hedgeye Index Adds ETF (ADDS) | |||
| GGME | 60.35 | -1.04 | -1.69% |
| Invesco Next Gen Media and Gaming ETF (GGME) | |||
| KRE | 72.31 | -1.82 | -2.46% |
| State Street SPDR S&P Regional Banking ETF (KRE) | |||
| RJDI | 28.78 | -0.93 | -3.13% |
| RJ Eagle GCM Dividend Select Income ETF (RJDI) | |||
| OVL | 53.12 | -2.95 | -5.26% |
| Overlay Shares Large Cap Equity ETF (OVL) | |||