30 Stocks Expected To Beat the Market By 20 Percentage Points This Year

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25. Riot Platforms, Inc. (NASDAQ:RIOT)

Analyst Upside: 57.95%

Number of Hedge Fund Holders: 35

Riot Platforms Inc. (NASDAQ:RIOT) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. With a $15 price target, Northland analysts reiterated their Outperform rating for Riot Platforms Inc. (NASDAQ:RIOT) on June 3. This choice follows the company’s strategic appointment of Gibbs as Chief Data Center Officer.

Riot Platforms’ first-quarter 2025 call emphasized the company’s focus on building and leasing an AI/HPC data center. The company hopes to take advantage of the rising demand for hyperscaler services, which has been bolstered by robust revenue growth of 60% over the past 12 months. By hiring Gibbs, who has more than 15 years of experience in designing and constructing data centers, Riot hopes to attract top-tier tenants with advantageous lease terms.

With a pipeline of more than 1.7 GW of power close to major markets, the company is well-positioned to grow. Riot Platforms Inc. (NASDAQ:RIOT) was also expected to complete the purchase of a further 355 acres near Corsicana in May. This would enable flexible HPC architecture and may make use of all ~1 GW of available power.

Riot Platforms Inc. (NASDAQ:RIOT) is a digital infrastructure and Bitcoin mining company. In addition to electrical switchgear engineering and manufacturing facilities in Denver, it runs Bitcoin mining operations in Kentucky and central Texas.

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