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Home/News Feed/Riot Platforms shifts from bitcoin mining to AI infrastructure, targets 45% stock upside.
RIOT
$21.57
+$0.15 +0.70%

Riot Platforms shifts from bitcoin mining to AI infrastructure, targets 45% stock upside.

Analyst Insights
03 Aug 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Riot Platforms is transitioning from primarily bitcoin mining to developing a power-backed AI infrastructure platform, supported by a 10-year lease agreement with AMD for 50 MW. The company’s 2 GW power portfolio and data center expansion position it to benefit from growing AI infrastructure demand limited by power availability. The analyst values Riot at a $29 price target, implying a 45% upside, based on $551 million normalized EBITDA and a 20x forward EV/EBITDA multiple. Key risks include execution delays, slower lease conversions, bitcoin price volatility, and funding challenges.

More News (RIOT)

Riot Platforms keeps Strong Buy rating with $25.74 target despite bitcoin and AI challenges.

Riot Platforms keeps Strong Buy rating with $25.74 target despite bitcoin and AI challenges.

Riot Platforms maintains a Strong Buy rating and a $25.74 price target amid near-term challenges in bitcoin and AI markets. The company's growth depends on expanding its AMD data center hosting deal to 200MW and potential new projects in Corsicana. K...

Company Fundamentals
Bullish
4 days ago
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