Riot Blockchain

Riot Platforms shares rose about 5.1% in morning trading to $20.38 after investors began valuing the company as a provider of AI and HPC infrastructure rather than solely as a Bitcoin miner. Drivers include landmark data-center contracts, notably a 20-year lease for 191 MW in Rockdale, Texas (Anthropic) with initial contract revenues of around $9.1 billion and potentially up to $16.1 billion if extension options are exercised; together with a deal with AMD, Riot now has 241 MW contracted. CEO Jason Les reported a non-binding letter of intent for Corsicana that, if realized, could bring more than $1 billion in annual rents. Morgan Stanley, JPMorgan and Clear Street have recently raised price targets or ratings, fueling institutional interest and a revaluation of the business model, while traditional mining firms suffer from a declining Bitcoin hash rate. » Mere på de.investing.com

Riot Platforms is accelerating its transformation from Bitcoin miner to infrastructure provider with a 20-year, $9.1 billion contract with Anthropic. Morgan Stanley reiterated an overweight rating and raised its price target from $36 to $43, implying about 111% upside. The strategic realignment is central to analysts' evaluations and is reflected in their reactions. » Mere på finanzen.net

Riot Platforms announced a data‑center lease of 191 megawatts at the Rockdale campus to AI company Anthropic with a base term through 2048 and a base contract value of about $9.1 billion; if extension options are exercised the value could rise to roughly $16.1 billion. Capacity is expected to be delivered in phases starting December 2027; Morgan Stanley is providing interim financing of $573 million. At the same time Riot reported Q2 2026 revenue of $174.2 million (up) but a net loss of $237.2 million; the stock closed higher after the release. » Mere på finanzen.net