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Riot Platforms sold 4,300 BTC in Q2 to fund operations and AI expansion, still holding 11,380 BTC. Mining revenue fell 19% YoY despite higher output, as mining costs rose above production value.
B. Riley reiterated Buy on Riot Platforms ($28 target, 44% upside) after Riot signed a 20-year, $9.1B AI data-center lease with Anthropic and expanded AMD's footprint at Rockdale, boosting recurring …
Riot Platforms stock jumped 9% after signing a $9.1B, 20-year AI data center lease, likely with Anthropic. Q2 revenue rose 14% YoY, highlighting Riot's shift from bitcoin mining to AI infrastructure …
Riot Platforms surged 17% after securing a 20-year, $9.1B Anthropic AI data center lease, pivoting from Bitcoin mining to AI infrastructure. Analysts raised price targets despite a $237M quarterly lo…
Riot Platforms stock jumped 17% after signing a $9.1B, 20-year data center lease with an AI firm (reportedly Anthropic), highlighting bitcoin miners' pivot to AI infrastructure amid crypto's slow dem…