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Hut 8 Surges 35%, Riot Platforms Climbs 13% as Bitcoin Miners Become AI Infrastructure Plays
24/7 Wall St.101d agobullish
Hut 8 Surges 35%, Riot Platforms Climbs 13% as Bitcoin Miners Become AI Infrastructure Plays

Shares of Hut 8 (NASDAQ:HUT) are surging 35% in midday trading Wednesday. Riot Platforms (NASDAQ:RIOT) stock is climbing 13% in tandem, as investors reprice former Bitcoin mining pure-plays as AI data center landlords. HUT stock changed hands near $109 after opening at $80.51, extending a one-month rally of 67% and a one-year gain of 531%. ... Hut 8 Surges 35%, Riot Platforms Climbs 13% as Bitcoin Miners Become AI Infrastructure Plays

Analyst shares stark warning on surging crypto stock
TheStreet102d agoneutral
Analyst shares stark warning on surging crypto stock

Riot Platforms (Nasdaq: HOOD) is a digital infrastructure company that made its name for Bitcoin (BTC) mining operations. But since this business is no longer profitable, the company has been selling its Bitcoin holdings and transitioning to running artificial intelligence (AI) and ...

Is It Too Late To Buy RIOT Stock?
Trefis103d agobullish
Is It Too Late To Buy RIOT Stock?

While RIOT Platforms (RIOT) recently surged 36% in a single month to trade at $18, propelled in part by Bitcoin’s (BTC) spot price recovery toward the $80,000 level, many investors viewing the stock's elevated trailing multiple conclude the breakout is exhausted. This perspective ignores the structural transition underneath the hood. At current levels, the stock commands a Price-to-Sales (P/S) ratio of 10.0x, representing a premium to its 8.3x three-year historical average. (See RIOT valuation m

Is Riot Platforms, Inc. (RIOT) A Good Stock To Buy Now?
Insider Monkey104d agobullish
Is Riot Platforms, Inc. (RIOT) A Good Stock To Buy Now?

Is RIOT a good stock to buy? We came across a bullish thesis on Riot Platforms, Inc. on r/ValueInvesting by NicholasAdamsStorm85. In this article, we will summarize the bulls’ thesis on RIOT. Riot Platforms, Inc.’s share was trading at $18.21 as of April 23rd. RIOT’s trailing and forward P/E were 27.24 and 20.88 respectively according to Yahoo […]