soksobay
Nov 10, 2:09 PM
$RIOT Jefferies upgraded Riot Platforms (NASDAQ: RIOT) to Buy from Hold, raising its 12-month price target from
$13 to
$28 and signaling a projected ~59% upside. The upgrade is driven by a 15-year powered land lease at the company's Corsicana, Texas facility, which reduces capital expenditures to
$6 million per IT megawatt and targets an average annual return of 33%
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