Wall Street Thinks Riot Platforms’ (RIOT) Data Center Business Has Further Upside

1 hour ago 1

Jabran Kundi

Thu, July 2, 2026 astatine 7:48 AM CDT 2 min read

Riot Platforms Inc. (NASDAQ:RIOT) is 1 of the 10 Bitcoin Miners That Are Now Data Center Companies. On June 9, Keefe Bruyette raised its terms people connected Riot Platforms Inc. (NASDAQ:RIOT) from $23 to $37 and kept an Outperform standing connected the stock. The steadfast believes that the institution is good positioned successful the integer infrastructure marketplace due to the fact that it already has entree to the powerfulness it needs and has secured cardinal instrumentality successful advance. Moreover, aft visiting RIOT's Corsicana facility, the steadfast became much assured successful the company's information halfway capabilities and its quality to unafraid tier-3 capableness leases astatine some the Corsicana and Rockdale sites. Strong lawsuit request and ongoing discussions with ample unreality and AI companies could make further maturation opportunities for the company, the expert told investors successful a probe note.

On a much bullish note, Clear Street besides raised its terms people connected Riot Platforms Inc. (NASDAQ:RIOT) to $38 from $26 and reiterated a Buy standing connected June 4. The upward terms people revision reflects the analyst's increasing assurance successful the company's AI and HPC opportunities, driven by beardown capitalist involvement successful information centers.

Riot Platforms Inc. (NASDAQ:RIOT) operates arsenic a Bitcoin mining company. It operates successful 2 segments, Bitcoin mining and Engineering. The institution offers broad and captious infrastructure for Bitcoin mining and information halfway services. The institution was founded successful 2000 and is based successful Castle Rock, Colorado.

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