Riot Platforms, Inc. (NASDAQ: RIOT) Targets Significant Growth with Strategic Data Center Expansion

Core Insights - Riot Platforms, Inc. is expanding into the data center space, aligning with the evolving demands of the digital age [1][3] - Cantor Fitzgerald has set a price target of $31 for Riot, indicating a potential upside of 64.63% from its current trading price of $18.83 [3] Strategic Moves - The company plans to acquire 200 acres of land for $96 million to expand its Rockdale data center, funded by selling 1,080 of its Bitcoin [2][3] - Riot has executed its first data center lease with Advanced Micro Devices (AMD) at the Rockdale site, with delivery expected to begin in January 2026 [2][3] Market Performance - Riot's stock has increased by 13.61%, trading at $18.82, with a daily fluctuation between $17.30 and $19.05 [4] - The company's market capitalization is approximately $7 billion, with a trading volume of 38.42 million shares [4] - Riot's data center portfolio has 1.7 gigawatts of fully approved power capacity, positioning it as a key player in the U.S. data center market [4]