RIOT surges 27% on $9.1B Anthropic deal; Bernstein sees 80% upside
Bernstein's sum-of-the-parts now puts AI colocation at 84% of Riot's $14.7B target enterprise value. The miner-pivot thesis just moved from narrative to contracted revenue.
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Bernstein's sum-of-the-parts now puts AI colocation at 84% of Riot's $14.7B target enterprise value. The miner-pivot thesis just moved from narrative to contracted revenue.
The 20-year anchor lease at the Justified Data Campus reframes TeraWulf from a leveraged Bitcoin miner into a long-duration AI hosting landlord, with the Abernathy stake sale clearing the runway.