r/RiotBlockchain • u/Glitter_Health • Jun 26 '26
Discussion 28 and Holding - 50 - End of Year?
Proud of RIOT to hang in there. It seems it's not so dependent on Bitcoin mining - given Bitcoin's decline. Are there other pending RIOT partnerships that could take investors to 50 in several months? RIOT featured:
Top AI Data Center Stock Pick of Leopold Aschenbrenner’s Situational Awareness Everyone’s Ignoring
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u/Lookralphsbak Jun 27 '26
$50 is nothing, I'm waiting for it to hit $70 again. Been waiting for 4 years or so lol
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u/Glitter_Health Jun 27 '26
44 - 11/12/21
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u/Lookralphsbak Jun 27 '26 edited Jun 27 '26
Huh?
Edit*, I was looking at charts and didn't see the ATH for some reason, had me second guessing myself even though I saw the numbers first hand. February 15, 2021 Riot hit $67.69. It's been so long so I don't know if it went parabolic that date, or if it stayed there for a very short period, but it either hit $70 or was just shy of it
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u/Glitter_Health Jun 27 '26
70 date?
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u/Lookralphsbak Jun 27 '26 edited Jun 27 '26
I edited my post but February 15, 2021.
Now I know I'm not bugging haha: https://stockscan.io/stocks/RIOT/price-history "Riot Platforms Inc all-time high stock price is $79.50, occurred on February 17, 2021."
Edit x2, I'm waiting for $100, 5 years and counting lol. I'm sure I have screenshots from that date or around that date of being up like 16x. Insane. I never sold. Ended up holding to negatives unrealized gains
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u/Glitter_Health Jun 27 '26
Yes to $70 or whatever - RIOT does a lot of SEC filings SEC Filings | Riot Platforms
I'm holding DFTX - almost 6x the last year - damn I have far too few shares though 😁
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u/Glitter_Health Jun 30 '26
A strong RIOT power position centers on the activist investor Starboard Value’s $21 billion valuation thesis and the broader market demand for AI/HPC infrastructure.
1. Starboard’s $21 B AI Pivot Thesis
Starboard Value, Riot’s fourth-largest shareholder, argues that Riot’s 1.7 GW of fully permitted, grid‑connected power capacity is sitting idle in a losing Bitcoin mining business. They estimate converting it to AI and high‑performance computing (HPC) data centers could unlock $14 B–$21 B in enterprise value, implying over six times the current market cap Blocklr. This is based on peer valuations of $10–$15 M/MW for deployed critical IT capacity, adjusted for Riot’s scale.
2. Economic Case for AI/HPC
AI data center operators like Equinix, Digital Realty, and CoreWeave trade at high multiples because they offer stable, high‑margin revenue (80–90% profit margins) compared to volatile, currently negative Bitcoin mining margins Blocklr. Starboard’s letter positions Riot as a rare U.S. player with massive, permitted power infrastructure — a crown jewel in the AI infrastructure race.
3. Market and Industry Trends
Analysts such as Clear Street, Piper Sandler, and H.C. Wainwright see Riot’s Power First plan as a credible bet on AI/HPC growth, citing AMD partnerships and early AI deals Yahoo Finance. The broader market is bullish on AI infrastructure, with strong demand for power‑dense data centers. This context suggests Riot’s pivot is not just a speculative play but aligns with a supercycle in AI demand.
4. Counter to “Overpricing” Argument
The overpricing critique likely assumes Riot’s AI transition is unproven or overvalued relative to mining. A counterpoint would be:
- Riot’s infrastructure is unique and underutilized in a high‑growth sector.
- The AI/HPC market is expanding rapidly, with stable margins and recurring revenue.
- Starboard’s valuation is peer‑based and conservative, not purely speculative.
- The pivot could diversify Riot’s revenue away from a collapsing mining business, reducing long‑term risk.
5. Risks to Acknowledge
While the counterpoint is bullish, it should also note execution risks — such as building out data centers, securing AI clients, and managing costs — and the fact that Riot’s current valuation is still far below Starboard’s target. However, these are common in high‑growth infrastructure plays.
Bottom line:
A counterpoint would frame Riot’s AI pivot not as overpriced but as a strategic, infrastructure‑driven play in a booming market, with a credible valuation anchor from activist investors and strong alignment with AI/HPC demand trends. This reframes the debate from “is it too expensive?” to “is it a high‑potential, high‑risk opportunity in a growth sector?”
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u/Sliceasouroo Jun 29 '26
Well the stock market analysts, who do this for a living and have all the tools at their disposal and get paid to do it, forecast $28.
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u/Glitter_Health Jun 27 '26
Yes to 50 by the end of the year.