RIOT - Riot Platforms, Inc.
Crypto mining stocks are climbing Tuesday after Bitcoin (CRYPTO:BTC) topped $80,000, reaching a more than three-month high, but then dipped back below that key level.
Strategy (NASDAQ:MSTR | MSTR Price Prediction), the
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
A rare split is opening up inside the Bitcoin (CRYPTO:BTC) miner cohort on Friday, and it isn't about the coin.
Cryptocurrency and blockchain-related stocks surged in premarket trading on Thursday after U.S. President Donald Trump urged Congress to pass legislation establishing clear rules for the digital asset sector, following a White House meeting with industry executives.
The public's data-center revolt spreads
MARA Holdings (NASDAQ:MARA | MARA Price Prediction) stock is falling 5% to $9.25 in Tuesday morning trading, extending a rough stretch for the largest publicly listed Bitcoin (CRYPTO:BTC) miners.
The AI race may be driving a new pricing benchmark. JPMorgan estimates Anthropic agreed to pay roughly $2.4 per watt per year for capacity at Riot Platforms, Inc‘s (NASDAQ:RIOT) Texas data center — about 33% above the firm's estimated industry average of $1.8 per watt per year — suggesting that ready-to-deploy AI infrastructure is commanding a growing premium as demand outpaces supply.
The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) is up 97% over the past year even though bitcoin has lost 46% of its value in the same window.
Riot Platforms' deal with Anthropic is a game changer for the company. It also provides investors with evidence that the company can execute its transition from a miner to an AI data center company.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Riot Platforms is rated Buy with a 12-month price target of $32–$35, reflecting transformative AI data center contracts. The 20-year, $9.1 billion Anthropic lease and the AMD contract shift RIOT toward energy infrastructure, with 241 MW of contracted AI capacity and 84% gross margins. Sum-of-the-parts analysis suggests RIOT is materially undervalued, with the current market cap near the value of the Anthropic deal alone and significant upside potential.
Bitcoin miner Riot Platform has struck a $9 billion, 20-year compute deal with Anthropic. CNBC's Tanaya Macheel joins 'The Exchange' to discuss.
The agreement is expected to generate $9.1 billion in revenue over its 20-year term. Most publicly traded bitcoin miners are increasingly valued by investors as owners of digital infrastructure rather than merely producers of bitcoin
Shares of Riot Platforms (NASDAQ:RIOT | RIOT Price Prediction) are working through a choppy post-earnings tape.
Riot Platforms Inc (NASDAQ:RIOT) shares rose about 4% on Tuesday after the bitcoin mining company announced a 20-year data center lease with a leading frontier AI lab in a deal valued at approximately $9.1 billion over its initial term. The tenant was not identified by Riot, but the deal has been widely reported to be with Anthropic.
Riot is scaling its data center push with a 191 MW AI lease, AMD buildout and Corsicana LOI, backed by project debt and $1.2B in liquidity.
Riot Platforms shares are surging on a deal with a big name in AI.
All three major indexes are mixed midday and struggling for direction while investors await key inflation reports
Riot Platforms, the Bitcoin miner-turned-data center operator, discloses a $9.1 billion compute supply deal with a frontier artificial-intelligence giant. That customer is Anthropic, a source familiar with the matter confirmed to Barron's.