Aug. 18 at 8:38 AM
$RIOT
NASDAQ:RIOT, Aug 18. Last 20.04, +5% today, +54% YTD but down 7% on the week.
Riot is barely a bitcoin miner anymore, and that's the whole fight. It signed a 20-year, 191 MW lease with Anthropic worth
$9.1B and now sits on about
$9.8B of contracted AI data-center revenue. Bulls are repricing it as an AI landlord. The catch: Q2 still printed a
$237M net loss, and Riot keeps selling bitcoin to fund the buildout. The tape can't decide either. The stock fell 6% on the deal, then ripped 9% days later.
Levels: today's pop is an oversold bounce (CCI -103). It means little until price reclaims 21 (SMA20), then 23 (SMA50), both still sloping down. The line that matters is 18.5 (SMA200). Lose it and the AI rerate stalls.
Call: fade rallies into 21-23, buy dips only while 18.5 holds. Personal read, not advice.
