Leopold Aschenbrenner’s Portfolio: 10 Best Stocks to Buy

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

Market value of shares owned: $142.2 Million

% of portfolio: 1.04%

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the 10 Best Stocks in Leopold Aschenbrenner’s Portfolio.

Jefferies initiated coverage of Riot Platforms, Inc. (NASDAQ:RIOT), on May 14, 2026, with a Hold rating and a price target of $24 on the stock. The inclusion was part of Jefferies’ coverage initiated on four AI data center developers with legacy Bitcoin mining roots. While demand remains high, analysts note power availability as the “binding constraint,” making tenant credit, location, and execution crucial differentiators. For issuing a Hold rating on the company, Jefferies cited a lack of major deals, even though it possesses an attractive geographic footprint.

Prior to this, on May 6, 2026, Riot Platforms (RIOT) signed a memorandum of understanding with Terrestrial Energy (IMSR) to develop large-scale, nuclear-powered data centers for AI and high-performance computing. Through the partnership, the company seeks to deploy multiple 390 MW Integral Molten Salt Reactor (IMSR) plants, targeting up to 4 GW of clean capacity. Natural gas may serve as a bridge fuel to accelerate commercial operations and optimize power grid resilience.

Founded in 2000, Riot Platforms, Inc. (NASDAQ:RIOT) is a leader in digital infrastructure and digital asset mining. Headquartered in Colorado, the company operates some of the largest large-scale data centers and Bitcoin mining facilities in North America, with core operations anchored in central Texas and Kentucky.