Bernstein predicts 80 percent surge for Riot Platforms

Riot Platforms is drawing major attention from Wall Street analysts who believe the company is poised for significant gains. Analysts at Bernstein recently outlined a clear path for growth, suggesting the stock could see an 80 percent upside following reports of a deal with AI firm Anthropic.

This shift highlights a major pivot in the company business model. The firm estimates that AI colocation now makes up 84 percent of the company target enterprise value. In contrast, traditional bitcoin mining now accounts for only 11 percent of that value.

Investors are keeping a close watch on how these infrastructure deals play out. While Riot remains a known player in the crypto mining space, its ability to supply high end power and data center space to AI companies appears to be the primary driver for its future valuation.