May. 1 at 4:51 AM
$RIOT The AI/Data Center Pivot, Unlike in 2021, when RIOT was strictly a Bitcoin miner, it has just completed its transition into an AI infrastructure provider. The partnership with AMD at the Rockdale site is a game-changer. They are leasing 25 MW of capacity to AMD, which is expected to generate
$311 million in revenue over 10 years, with the potential to scale up to
$1 billion.
Short Squeeze Potential, Short interest is currently sitting at 13.88%. With the recent Q1 earnings beat and the "Strong Buy" consensus from Wall Street (average target around
$26.58, with high-end estimates reaching
$42.00), short sellers who were betting on a "mining death" are now facing a company with diversified AI revenue.