Keefe Bruyette analyst Stephen Glagola raised the firm’s price target on Riot Platforms (RIOT) to $23 from $16 and keeps an Outperform rating on the shares. The firm says the company’s 10-year AMD lease provides Riot with a “high-quality tenant and meaningful organic demand visibility. The deal also commits roughly 21% of Rockdale’s capacity to a long-duration operating income profile that remains structurally below tier-3 builds, the analyst tells investors in a research note.
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