Riot Platforms (RIOT) announced the execution of its first third-party data center lease with AMD (AMD) as well as a $96M acquisition of the land at its Rockdale, Texas site, Clear Street analyst Brian Dobson tells investors in a research note. Friday’s developments reinforce Riot as one of the firm’s top picks as it signs an investment-grade tenant and furthers its AI/HPC pivot, Clear Street says. The firm has a Buy rating and $29 price target on the shares.
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