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Riot Platforms Gets Double Upgrade on AI Pivot

Secret3 AI

26 Sep 2025 — 1 min read

Riot Platforms (RIOT) received dual upgrades from JPMorgan and Citigroup, reflecting a positive shift in investor sentiment regarding the bitcoin mining company amid evolving industry conditions and a focus on high-performance computing. JPMorgan upgraded Riot’s rating to overweight from neutral and increased its price target to $19, citing it as the most appealing option among mining stocks. Citigroup boosted its rating from neutral to buy and raised its price target to $24. Both firms highlighted Riot’s shift towards artificial intelligence and cloud services as significant growth potential. The stock was aiming to perform better than the overall declining sector, showing a modest drop of 1.2% to $16.55. Additionally, JPMorgan downgraded IREN and CleanSpark, both of which have seen substantial rises in their share prices year-to-date but experienced declines on the day of the announcements. The analysts indicated a 50% likelihood that Riot and other firms will secure HPC colocation agreements, a move seen as critical for future growth.

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The UK needs regulatory clarity that matches ambition

Retail and Quants Boost DEX Adoption as Institutions Stick With CEXs

Kickflips for Crypto? This Project Will Pay $28K for a Guinness World Record

Corporate Clients Hold Up to 15% of Assets on Mercado Bitcoin, Exchange Exec Says