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.
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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.
Citizens JMP Launches Bullish Coverage on Four High-Power Infrastructure Players
Citizens JMP initiated coverage on Nebius, Iren, Riot Platforms, and Cipher Mining with Outperform ratings, citing critically scarce power supply for high-performance computing and AI as a major growth driver.
Riot Platforms Stock Target Raised: Bitcoin Mining Sites Eyed for AI Conversion
Piper Sandler ups Riot Platforms price target to $25, citing potential hyperscaler deals to convert Texas bitcoin mining facilities into AI data centers.
Wall Street Sees Major Upside for Riot Platforms Driven by AI and HPC
Two big banks upgraded Riot Platforms stock. Why? They are moving into AI and high-speed computing which promises huge growth.