Technology
By Sakamoto Nashi
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AI Colocation Now Drives Riot's Valuation. The math here is stark. When a segment goes from being a side project to representing 84% of a…
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Bitcoin Mining's Shrinking Role. It's worth sitting with that 11% figure for a second.
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What Analysts Are Watching. The 80% upside projection is eye-catching, but analysts are careful to attach conditions to it.
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Riot Platforms may be sitting on one of the bigger pivots in crypto-adjacent tech right now. Analysts say the company's stock could jump 80% after it reportedly locked in a $9.
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That's a massive number. And it's reshaping how the market thinks about Riot — which, not long ago, was pretty much a pure-play bitcoin miner and not much else.
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The math here is stark. When a segment goes from being a side project to representing 84% of a company's target value, that's not diversification anymore — that's a new core…
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AI colocation, for the uninitiated, is basically the business of providing the physical computing infrastructure — power, cooling, space, connectivity — that AI companies need to…
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So the Anthropic deal makes a certain kind of sense. Anthropic needs compute. Riot has it, or is building toward it. The $9.
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It's worth sitting with that 11% figure for a second. Bitcoin mining was the whole story at Riot not long ago.
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See also: BIP-110 Bitcoin Fork Stuck at Two Blocks as Hashpower Stays Away
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That's a big deal for investors who bought Riot as a bitcoin proxy. If you wanted bitcoin exposure through a miner, Riot's story just changed on you.
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And it's unclear yet how Riot plans to manage both sides of the business simultaneously. Running AI colocation at scale while maintaining a bitcoin mining operation isn't simple.
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The 80% upside projection is eye-catching, but analysts are careful to attach conditions to it. Execution matters enormously here. A $9.
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There's also the question of competition. The AI infrastructure space isn't empty. Riot will be going up against established data center operators and other firms racing to…
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Read also: Bitcoin BIP-110 Chain Dies at Two Blocks as 99.85% of Hashpower Rejects Fork
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