๐จ RIOT JUST FLIPPED THE AI SWITCH โ +20% PRE-MARKET! ๐คฏ
Riot Platforms (
$RIOT.US ) just gave Bitcoin miners another reason to look beyond Bitcoin mining.
Shares jumped 20%+ pre-market after Riot signed a massive $9.1B, 20-year deal with Anthropic for AI computing capacity. โก๐ค
Hereโs what caught my attention:
โข 191 MW of capacity at Riotโs Rockdale, Texas site
โข Potential extensions could push the deal to $16.1B
โข Deployment starts in December 2027
โข Riot expects $7.3Bโ$8.2B in net operating income over the base term
โข Its Rockdale AI capacity could reach 241 MW with the AMD deal
This is bigger than just one stock move.
Bitcoin miners already have land, power connections and cooling infrastructure. Now theyโre turning those assets into AI data centers with potentially steadier long-term revenue. ๐ฅ
From a price-action view, $RIOTโs 20%+ pre-market move is the key signal. Iโd watch whether buyers can hold the breakout after the U.S. market opens.
๐ AI + Bitcoin infrastructure is a narrative worth watching.
Would you buy
$RIOT.US after this move, or wait for a pullback? Comment below. ๐
#RiotPlatforms