{"id":136616,"date":"2026-08-12T01:06:03","date_gmt":"2026-08-12T01:06:03","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/136616\/"},"modified":"2026-08-12T01:06:03","modified_gmt":"2026-08-12T01:06:03","slug":"analyst-predicts-55-rally-for-surging-stock-on-9b-anthropic-deal","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/136616\/","title":{"rendered":"Analyst predicts 55% rally for surging stock on $9B Anthropic deal"},"content":{"rendered":"\n

Riot Platforms<\/a> (Nasdaq: RIOT), the data infrastructure company well-known for its Bitcoin (BTC) mining and artificial intelligence (AI) operations, signed a 20-year lease with a leading AI lab on Aug. 10. Bloomberg identified<\/a> the AI lab as Anthropic. <\/p>\n

Riot announced the data center lease with Anthropic for 191 MW of critical IT capacity at its Rockdale campus. The deal is expected to generate approximately $9.1 billion in total contract revenue over the initial 20-year term, the firm said. <\/p>\n

Related: What is Bitcoin mining? Explained<\/a> <\/p>\n

The lease also includes two five-year extension options at the tenant’s election, representing a total potential contract value of approximately $16.1 billion if both extensions are fully exercised. <\/p>\n

In January, Riot also signed<\/a> a lease with another AI giant, Advanced Micro Devices, for its Rockdale facility. <\/p>\n

Trending on TheStreet Roundtable: Needham raises Riot stock’s price target on Anthropic deal <\/p>\n

Needham raised<\/a> its price target on the Riot stock from $28.50 to $30 on Aug. 10. <\/p>\n

The firm cited the 191-MW lease agreement Riot signed with Anthropic for its decision to hike the price target. Meanwhile, it reiterated a buy rating on the stock. <\/p>\n

As the Riot stock closed at $19.40 on Aug. 10, Needham’s price target of $30 represents an upside of 54.6%. <\/p>\n

What Q2 financials reveal <\/p>\n

During the second quarter of 2026, Riot generated a revenue of $174.2 million, including $23.2 million from data centers. <\/p>\n

However, its Bitcoin mining revenue fell to $113.7 million due to the market downturn and growing network competition. <\/p>\n

Riot also posted a GAAP net loss of $237 million (\u2212$0.68 per diluted share) for the quarter, driven largely by roughly $240 million in non-cash charges, including a $75 million mark-to-market loss on its Bitcoin holdings and $98 million in depreciation and amortization. <\/p>\n

The company also reduced its Bitcoin holdings by 4,300 BTC during the quarter, with the figure now standing at 11,380 BTC. <\/p>\n

Related: Analysts reveal investors are underestimating Bitcoin miners<\/a> <\/p>\n

This story was originally published by TheStreet<\/a> on Aug 11, 2026, where it first appeared in the MARKETS<\/a> section. Add TheStreet as a Preferred Source by clicking here.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Riot Platforms (Nasdaq: RIOT), the data infrastructure company well-known for its Bitcoin (BTC) mining and artificial intelligence (AI)…\n","protected":false},"author":2,"featured_media":136617,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[53,25,17279,67257],"class_list":["post-136616","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anthropic","tag-anthropic","tag-artificial-intelligence","tag-bitcoin-mining","tag-riot-platforms"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/136616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=136616"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/136616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/136617"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=136616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=136616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=136616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}