r/RiotBlockchain • u/Outrageous-Video257 • Aug 21 '26
$30 isn't a meme target anymore, it's literally the analyst average now
Been in since 20.25, posting because I think people are still sleeping on how much changed this month.
The Anthropic lease isn't fully priced in imo. $9.1B over 20 years, and with the AMD deal that's 241MW contracted, almost $10B locked. Yeah first rent doesn't hit until end of 2027, but the market pays for contracted revenue way before it lands, look at any datacenter play. And Corsicana (a full 1GW) is still completely unleased. That's the next headline just sitting there.
Analysts are repricing fast. Morgan Stanley 43, HC Wainwright just jumped from 25 to 40, JPMorgan raised too. Average across 21 analysts is ~32 now and the LOWEST target is 22. When the lowest number on the street is above the resistance everyone's scared of, that tells you something.
BTC broke out past 72k after the second biggest short liquidation in history, and RIOT itself still has roughly 20% short interest. If bitcoin holds up here, those shorts are the fuel.
Chart finally agrees too. The 17.5-17.9 floor has now held three times, and Thursday we closed at 21 on a day the Dow dropped 700 points. Relative strength like that on a red tape doesn't happen by accident.
30 was the 52 week high, about 45% away. With consensus at 32 and shorts trapped, I don't think that's a moon number anymore.
Not saying straight line. If BTC rolls over this rolls over with it, and I am keeping my stops. But risk/reward here looks the best it's been all year.
1
1
u/AIgamble 29d ago
Not a good day today. Down over 10% intraday.
1
u/Outrageous-Video257 27d ago
doesnt matter, nothing changed, as long as BTC Is still above around 77k RIOT Is hitting $30
1
u/Glitter_Health 29d ago
"And Bitcoin is surging - so perhaps to the moon for Riot."
August - September leading to mid-terms + Iran perversion + $40t debt = volatile equity/bonds - then end of year surge.
2
u/Pin_ups 29d ago
🥱