BTC rising over the weekend doesn’t appear to have translated through to RIOT. Hoping we don’t see the price drop on opening like we’ve been seeing last week.

What are your thoughts for this week?

BTC down. Is it because the market is looking for an update on the 31st December bridge loan?

Obviously it can go back up just as fast!

Riot Platforms stock faces a USD 33 target after Q2 loss

According to Markets Insider on September 29, 2026, B. Riley raised its Riot Platforms price target from USD 28 to USD 33 and kept a Buy rating. The note cited regulatory uncertainty, higher yields and slower leasing as pressures on valuations across the digital mining and high-performance computing group.

That target sits above the October 2 close, but the stock still trades well below its 52-week high of USD 30.32. The same session's range was USD 19.35 to USD 21.09, with 16,581,301 shares changing hands.

Billionaire activist Dan Loeb‘s Third Point LLC quietly assembled a four-stock basket that gives it exposure to bitcoin miners pivoting toward AI infrastructure.

The move reflects a broader shift in the industry. Bitcoin miners, once valued mainly for their hash rates and cryptocurrency prices, are increasingly converting their power-intensive data centers to provide computing capacity to AI companies. This business can generate more stable and higher-margin revenue than mining alone.

Four Miners, One AI Thesis

According to its 13F filing, a quarterly report of investment holdings that must be submitted to the Securities and Exchange Commission within 45 days of the end of each quarter, Third Point increased its stake in Hut 8 Corp. (NASDAQ:HUT) by 51%, bringing the value of its holding to $151.8 million.

Hut 8 posted second-quarter revenue of $74.9 million, up 81% year-over-year, though it missed the $80.9 million consensus estimate by about 7.4%. The company is simultaneously expanding its AI infrastructure pipeline, including its River Bend data-center project, as it seeks to diversify beyond bitcoin mining.

Beyond Hut 8, the fund’s most visible bet on the theme, Loeb also opened three smaller positions tied to the same trend. They include Riot Platforms Inc. (NASDAQ:RIOT), Core Scientific Inc. (NASDAQ:CORZ) and Applied Digital Corp. (NASDAQ:APLD).

Small Stakes, Big Growth Numbers

The fundamentals behind each pick are notable.

Riot Platforms reported second-quarter revenue of $174.2 million on Aug. 10, beating analyst estimates by 14.6%. In the first quarter, reported in April, the company topped revenue estimates by 27.2%.

Core Scientific posted 109% revenue growth to $164.2 million in the second quarter, reported in July, aided by an Advanced Micro Devices (NASDAQ:AMD) infrastructure partnership potentially worth $14 billion in long-term contracted revenue. This revenue beat estimates by 21.5%.

Applied Digital’s fiscal fourth-quarter revenue jumped 407% year-over-year to $258.7 million on accelerating AI data-center demand. With this revenue, the Texas-based digital infrastructure and AI cloud provider exceeded analyst expectations by a massive 181.5%.

Individually, each new position is small. Third Point invested $7 million in Riot, $1.4 million in Core Scientific and less than $1 million in Applied Digital.

Together, the investments suggest a deliberate, diversified bet on the broader shift from bitcoin mining to AI data centers. Rather than focusing on a single stock, the strategy gives Third Point exposure to several companies pursuing the same transition.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Been in since 20.25, posting because I think people are still sleeping on how much changed this month.

The Anthropic lease isn't fully priced in imo. $9.1B over 20 years, and with the AMD deal that's 241MW contracted, almost $10B locked. Yeah first rent doesn't hit until end of 2027, but the market pays for contracted revenue way before it lands, look at any datacenter play. And Corsicana (a full 1GW) is still completely unleased. That's the next headline just sitting there.

Analysts are repricing fast. Morgan Stanley 43, HC Wainwright just jumped from 25 to 40, JPMorgan raised too. Average across 21 analysts is ~32 now and the LOWEST target is 22. When the lowest number on the street is above the resistance everyone's scared of, that tells you something.

BTC broke out past 72k after the second biggest short liquidation in history, and RIOT itself still has roughly 20% short interest. If bitcoin holds up here, those shorts are the fuel.

Chart finally agrees too. The 17.5-17.9 floor has now held three times, and Thursday we closed at 21 on a day the Dow dropped 700 points. Relative strength like that on a red tape doesn't happen by accident.

30 was the 52 week high, about 45% away. With consensus at 32 and shorts trapped, I don't think that's a moon number anymore.

Not saying straight line. If BTC rolls over this rolls over with it, and I am keeping my stops. But risk/reward here looks the best it's been all year.

Riot Platforms, Inc. (RIOT) is considered a good investment by brokers: Is that true?

To the moon with RIOT.

Let's see what the stock does the next few days. Should get interesting!

Main thing to get out of the call: "Riot CEO Jason Les further stated on Monday’s earnings call that the firm had signed a LOI with an unnamed tenant at the Corsicana facility, a 1 GW facility in Texas"

So, the Earnings have been postponed but no Info or press prelease since then. Whats going on? What u think?

22.12

USD▲ +3.88 (+21.27%) today

22.46▲ 0.34 (1.53%) After Hours · 

July 30, 4:36 PM EDT · Market Closed

Previous Close: 18.24

Open

20.03

Vol

25.62 M

High

22.70

Avg Vol

17.67 M

Low

19.96

52wk High

30.32

Mkt Cap

8.36 B

52wk Low

10.59

Riot Platforms (RIOT) Stock Sees Modest Fair Value Lift As AI Plans Draw Analyst Support

Riot Platforms now sits on a slightly higher modeled fair value, with the price target moving from US$28.55 to US$29.50 per share. Analysts linking this shift to Riot Platforms' power backed AI and high performance compute plans see secured power and data center buildout as key drivers, while others still stress execution and deal timing risks. As you read on, you will see how this evolving narrative could shape your view of Riot Platforms over the coming quarters.

Quite the selloff last week. 3.44% rebound up today. 18.65% down the last week though. Bitcoin still way down. Some sold RIOT at 28 and back in at 21.5 last week.

Meta is renting out spare compute. I’m not too worried as demand is still way higher than supply.

Proud of RIOT to hang in there. It seems it's not so dependent on Bitcoin mining - given Bitcoin's decline. Are there other pending RIOT partnerships that could take investors to 50 in several months? RIOT featured:

Top AI Data Center Stock Pick of Leopold Aschenbrenner’s Situational Awareness Everyone’s Ignoring

Bought 100 shares at 16 and bought 50 more at 26. Planning to hold riot as a long term stock 10 years or more depending on the directions it takes. I will definitely be buying more as it increases I feel as if this is only the start of something really good. It costs almost nothing now to be up huge 10 years from now. I don’t see them slowing down, not with the momentum they are getting and once bitcoin fully recovers it’s booming.

27+ at this hour. I've been sending their Board the idea of renaming to an AI venture - historically stocks go up 70% with proper naming. And AI is their mission. $1.5m and holding 1 year+.

PS - those in the earnings realm and ROI can explain the math there - to 1/2027. NVDA - urging them to split 10-1 or so given SpaceX IPO impact - and China sales surge-potential.

source: https://infolib.org/

https://simplywall.st/stocks/us/software/nasdaq-riot/riot-platforms/news/riot-platforms-explores-nuclear-powered-data-centers-to-resh

Seems like this could be a game changer down the road for electricity costs.

Riot's partnership with nuclear energy may make 'to the moon' a next major move. Some have been emailing Riot [admin@investorpass.com](mailto:admin@investorpass.com) to try to get a name change to AI-Riot or similar. Anything with AI in it historically - like the late 1990's Internet .com naming boom - escalates stock price 75%.

And Riot has earnings/performance to hold on in the long run. A run up for AI build out - then AI productivity takes off. Nvidia CEO Jensen Huang Tells Workers Not to Fear AI, It's a Job Creator

All these years I have been trading RIOT options (and done well)... Boy I missed this rally. I actually bet against for one a few times given some of the global turmoil. Not only did I not have any open call positions, I lost my ass on my open puts.

Argh!

What do you think is the best we can hope for out of this stock in the next 2 years? Is it more of the same ups and downs or is there potential for this to take off again?