Riot Platforms

Company RIOT

Last mentioned: 2d ago

Stories mentioning Riot Platforms 2

Institutional Bullish

Data Center Pivot: Applied Digital vs. Riot Platforms AI Shift

Applied Digital and Riot Platforms are aggressively transitioning from Bitcoin mining to high-performance computing (HPC) for AI, leveraging their existing power infrastructure. While Applied Digital has seen a 260% stock surge due to its early pivot, Riot Platforms remains more tied to Bitcoin volatility but offers higher analyst-projected upside.

2 sources
institutional Bullish

Starboard Value Pressures Riot Platforms to Accelerate AI and HPC Pivot

Riot Platforms shares jumped nearly 6% following a public letter from activist investor Starboard Value urging the company to accelerate its diversification into AI and high-performance computing. While acknowledging Riot's potential, Starboard criticized the company's lagging share price compared to peers who have already secured major data center deals.

2 sources