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tz-plus logo Riot Platforms: 9.1 Billion USD Contract with Anthropic Drives Transformation into AI Hub - Morgan Stanley Predicts 111% Price Potential!

M. Herzberger
Reading Time: 3 minutes

Riot Platforms (RIOT) is advancing its transformation from a pure Bitcoin miner to infrastructure provider with a 20-year, 9.1 billion USD deal with Anthropic. Morgan Stanley responded on August 13 by maintaining its "Overweight" rating and raising the price target from 36 to 43 USD. Strategic Realignment and Recent Quarterly Results Riot Platforms (RIOT), originally focused on cryptocurrency mining, is increasingly evolving into an infrastructure provider for data-intensive applications. At the core of the business model is now the "Power-First"...

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