TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  Benzinga

Analyst Sees Strategic Moves Driving Riot Platforms' HPC Expansion And Profitability

Benzinga Logo Benzinga By Lekha Gupta
Analyst Sees Strategic Moves Driving Riot Platforms' HPC Expansion And Profitability

JP Morgan analyst reviews Riot Platforms' Q3 results, highlighting record quarterly cash operating profit, strategic hires, and plans to build two 112 MW data center shells in Corsicana in early 2026.

Insights
MSFT   negative

Came under pressure over rising capital expenditures and delayed return on investment


RIOT   positive

Beat revenue and earnings estimates, increased Bitcoin production, demonstrated strategic cost controls, and outlined expansion plans for data center infrastructure