Riot Platforms Beats Forecasts with $167M Revenue and AMD Expansion
Riot Platforms beat revenue, expanded into data centers, but losses widened due to bitcoin swings. AMD expanded to 50 MW.
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Oracle-OpenAI Drops Texas Expansion, Meta Steps In
Oracle and OpenAI scrapped plans to expand the Stargate AI data center in Abilene, Texas. Meta now in talks to lease the site, with Nvidia facilitating.
Citi Stays Bullish on Riot Platforms: Q4 Fuels Push to Power-Dense Data Centers
Citi maintains Buy rating on RIOT stock with $23 price target after Q4 results highlight Riot's progress in turning its massive power assets into high-value data centers for AI and computing needs.
Starboard Pushes Riot Platforms: Time to Go All-In on AI Data Centers!
Activist investor Starboard Value urges Bitcoin miner Riot Platforms to accelerate its shift to high-power data centers for AI and hyperscalers, highlighting huge potential amid Bitcoin struggles.
Riot Platforms Lands Major AMD Deal for AI Data Centers
Riot Platforms acquires 200-acre Texas site and signs $311M data center lease with AMD, marking pivot from Bitcoin mining to AI infrastructure with potential $1B revenue.
Citigroup Predicts Major Crypto Rally: Bitcoin to Hit $143K, Ethereum $4.3K
Citigroup forecasts bitcoin reaching $143,000 and ethereum $4,304 within 12 months, citing regulatory improvements and growing adoption despite recent market volatility.