Riot Platforms

Company RIOT

Last mentioned: 2d ago

Stories mentioning Riot Platforms 2

Markets Bullish

AI Infrastructure Pivot: Applied Digital and Riot Platforms Battle for Dominance

As artificial intelligence compute demand surges, former Bitcoin miners Applied Digital and Riot Platforms are repositioning as high-performance computing powerhouses. While Applied Digital leads the transition with triple-digit revenue growth and hyperscaler contracts, Riot Platforms remains a high-upside value play tied to its expanding data center footprint.

2 sources
Markets Bullish

Starboard Value Pressures Riot Platforms to Accelerate AI and HPC Pivot

Riot Platforms shares surged nearly 6% after activist investor Starboard Value issued a letter urging management to accelerate its transition into AI and high-performance computing. The move highlights a growing trend of Bitcoin miners diversifying their energy assets to capture the high-margin data center market.

2 sources