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Riot Platforms (RIOT) Beyond Bitcoin: You Want to Watch This Space

Riot Platforms, Inc. (NASDAQ:RIOT) is among the best cryptocurrency stocks to buy right now. This bitcoin stock has gained almost 140% in the past 12 months.

On April 21, Piper Sandler lifted its price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $23 from $21 and reiterated an Overweight rating on the stock. The firm based its price target hike on a revised sum-of-the-parts valuation.

Piper Sandler noted that the Bitcoin mining company is well-positioned in the data center market as it makes the conversion to support AI and high-performance computing needs. According to the firm, Riot’s Corsicana and Rockdale sites in Texas are strong data center assets.

Additionally, the firm noted that the roughly $180 million that Riot raised through Bitcoin sales exceeded the roughly $90 million needed to cover the cost of retrofitting the company’s Rockdale data center facility for Advanced Micro Devices (AMD) use. In this light, the firm believes that a larger AI and high-performance computing capability buildout may be in the works.

Riot has secured a deal to lease its Rockdale data center to AMD for an initial 10-year period at a contract value of $311 million. There’s an option to extend the lease for three five-year periods. With these optional extensions included, the lease deal could be worth around $1 billion. Riot announced the AMD lease deal on January 16, when it also disclosed that it purchased the Rockdale data center site for $96 million. The site purchase was funded by proceeds from Bitcoin sales.

Riot closed 2025 with around $1 billion in Bitcoin and cash. The company produced 1,473 Bitcoin in Q1 2026 and sold 3,778 Bitcoin during that period. At the end of the quarter, its total holding stood at 15,680 Bitcoin.

Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company. It operates Bitcoin mining facilities in the US. It also develops data centers to support the growing demand for AI and high-performance computing capabilities.

While we acknowledge the risk and potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIOT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Goldman Sachs Bank Stocks: Top 10 Stocks to Buy and 8 Best Industrial Stocks to Buy in 2026.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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