RIOT Stock Gains 4.7% as JPMorgan Lifts Target to $22

Bitcoin Miners Pivot to AI: Riot Platforms Locks In $9.1 Billion Anthropic Deal

Riot Platforms just signed a massive compute agreement. The Bitcoin miner will supply Anthropic with 191 megawatts of capacity at its Rockdale, Texas campus. The 20-year contract promises $9.1 billion in revenue. Add two optional five-year extensions and the total climbs toward $16.1 billion. Shares jumped more than 20% at first. They gave back most of those gains by day’s end. Markets love the headline. They question the execution. Yet the move…

RIOT stock gains 4.7% as JPMorgan lifts target to $22

RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miner’s $9.1 billion data center agreement reportedly involving Anthropic. JPMorgan sees momentum building at Riot Platforms On Aug. 1, JPMorgan…

RIOT Stock Rises as JPMorgan Lifts Target After $9.1B Anthropic Deal

Key Insights: JPMorgan raises its RIOT stock target to $22 from $20 and keeps an Overweight rating. Notably, Riot Platforms recently secured a $9.1 billion data center lease agreement with Anthropic. RIOT stock trades above $19 as investors weigh AI infrastructure growth and Bitcoin exposure. RIOT stock moved higher on Monday after JPMorgan increased its price target on Riot Platforms. The bank’s latest call follows the Bitcoin miner’s $9.1 bil…

Anthropic Strikes $9B Compute Deal with Bitcoin Miner Riot: Report - Invest In Crypto News

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries. All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy. Source link The post Anthropic Strikes $9B Compute Deal with Bitcoin Miner Riot: Report first appeared on Invest In Crypto News.The po…