$BLUAI $VELVET $BTR 🔥 RIOT + Anthropic = a new AI giant?
Bernstein raised its target price for Riot Platforms (RIOT) shares from $30 to $35, expecting about 80% upside.
The reason: a $9.1 billion contract with a leading AI lab, which, according to The Block, is Anthropic.
Key change: Riot is gradually transforming from a Bitcoin miner into an AI infrastructure company.
📊 According to Bernstein’s estimates: • 84% of Riot’s value is AI infrastructure
• 11% — BTC mining
• 5% — Bitcoin on the balance sheet
The company has already signed contracts for 241 MW of AI capacity and plans to scale up to 391 MW by 2030.
💰 But there’s a catch: to carry out its plans, Riot may need another ~$3.7 billion in financing.
Miners no longer just want to mine BTC — they want to profit from the AI boom.
Bernstein raised its target price for Riot Platforms (RIOT) shares from $30 to $35, expecting about 80% upside.
The reason: a $9.1 billion contract with a leading AI lab, which, according to The Block, is Anthropic.
Key change: Riot is gradually transforming from a Bitcoin miner into an AI infrastructure company.
📊 According to Bernstein’s estimates: • 84% of Riot’s value is AI infrastructure
• 11% — BTC mining
• 5% — Bitcoin on the balance sheet
The company has already signed contracts for 241 MW of AI capacity and plans to scale up to 391 MW by 2030.
💰 But there’s a catch: to carry out its plans, Riot may need another ~$3.7 billion in financing.
Miners no longer just want to mine BTC — they want to profit from the AI boom.