Riot Platforms' shares rose 17% after announcing a 20-year lease for a 191 MW AI data center at its Texas campus, expected to generate $9.1 billion in revenue through 2048. The lease with Anthropic marks a major shift from Bitcoin mining to large-scale data center development, boosting Riot's contracted capacity to 241 MW and long-term revenue to nearly $9.8 billion. Despite a quarterly net loss, analysts raised price targets, viewing the company as a key AI infrastructure player. Investors will watch for progress on the lease, financing, and construction milestones.
MicroStrategy, the largest corporate bitcoin holder, saw its stock plunge 75% in the past year due to an $8.3 billion unrealized loss on bitcoin and a GAAP loss far exceeding expectations. Despite this, 14 of 15 analysts maintain Buy ratings with an ...
Riot Platforms announced a $9.1 billion, 20-year deal to supply AI data center capacity to Anthropic, with potential extensions up to $16.1 billion, driving a 20% premarket stock surge. Plug Power's shares rose 11% after beating Q2 expectations, impr...
Shares of major Bitcoin miners like Riot Platforms, MARA Holdings, and CleanSpark fell 5-6% following Strategy's disclosure of selling 1,690 Bitcoin at a loss and 6.59 million common shares to boost cash reserves. This move breaks Strategy's previous...
Riot Platforms, a leader in digital infrastructure and Bitcoin mining, announced the rescheduling of its Q2 2026 earnings conference call to August 10, 2026, at 4:30 PM EST. The call will be accessible via webcast and phone, allowing investors to hea...
