Riot Platforms rated Strong Buy with $41 target, backed by bitcoin mining and AI data center growth.

Riot Platforms is reaffirmed as a Strong Buy with a $41 per share price target due to its strong bitcoin mining operations and strategic positioning in AI data centers. The company benefits from a solid balance sheet and self-financing through bitcoin sales, helping it withstand market challenges like neocloud headwinds and lending constraints. Near-term growth drivers include securing tenants for its Corsicana Facility, robust bitcoin mining revenue, and progress on major AI data center projects. Risks involve bitcoin price volatility, lending market issues, and potential delays in tenant announcements, but Riot's existing electrified capacity provides a competitive advantage.

Riot Platforms trades at USD 12.78 on Pluang as of Nov 02, 2026 22:21 WIB, down 0.27% in one day. The stock's market cap stands at $4.80 billion, with a 52-week low of $11.83 and high of $28.67. Trading volume reached 22,041,232 shares, reflecting active investor interest despite recent price softness.