Riot Platforms Signs Landmark 20-Year AI Lease Worth Up to $16.1 Billion, Beats Q2 Revenue Expectations
Riot Platforms reports Q2 revenue beat of $174.2M and signs 20-year 191 MW AI lease expected to generate $9.1B in contracted revenue.
/ 11 items
#RIOT↓
Morgan Stanley Says “Buy the Dip” – RIOT, HUT, APLD
Morgan Stanley initiates coverage on RIOT, HUT & APLD with strong price targets. See massive upside potential of up to +139% as Bitcoin miners turn into AI power providers.
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.
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.