RIOT

Futures erase losses with Dems taking Congress in midterms. Texas results raise fresh questions for AI data centers. AMD rallies as booming AI chip sales lift its outlook.

Riot Platforms has seen contrasting institutional moves, with Situational Awareness lifting its stake by 49% in Q2 while Starboard Value cut its position by 35%, as the business works against a year end deadline to replace a US$573 million bridge loan from Morgan Stanley. The mix of rising and retreating institutional holders around the same time that Riot Platforms must refinance a large short te

Bitcoin miners pivoting toward AI infrastructure are staging a sharp rebound, but the real question is whether Hut 8 can prove its lease timeline holds when it opens its books on November 4.

4 crypto stocks beat Bitcoin on Election Day, jumping up to 13%. See what drove the move and what could undo it.

Former bitcoin miners that now host AI data centers are rallying, and Cipher Digital (NASDAQ:CIFR) is near the front of the pack. Cipher Digital stock is at $7.63, up 11% in morning trading from a prior close of $6.86. The bounce comes after a sharp decline, with the stock down 51% over the past month […]

Key TakeawaysCipher Digital shares jumped 9% today as AI data-center stocks, including IREN, Nebius, Riot Platforms and CleanSpark, rebounded from Monday’s selloff. The bounce looks like relief: Cipher had no news, and three firms cut their targets.

Key TakeawaysCipher Digital fell 5% after third-quarter revenue missed estimates, despite its first $5. 9 million of HPC rent.

Key TakeawaysRiot Platforms fell 2% after Keefe Bruyette cut its price target to $20 from $35, in a reset that also hit Cipher Digital, CleanSpark and Hut 8. The firm kept its Outperform rating but warned of a possible “lease catalyst drought” through early 2027.