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.
VanEck's read is that miners are earning AI premiums before most of the compute is built. Riot's $9.1B check with no rent until 2027 puts execution, dilution, debt, and tenant credit on the test…