Analyst predicts 55% rally for surging stock on $9B Anthropic deal

Aug 11, 2026 2:23 PMPublished Aug 11, 2026 2:23 PM

The era of Bitcoin mining as a primary business is dead. Riot Platforms just secured a massive $16.1 billion deal with AI lab Anthropic, proving their real value lies in power infrastructure for AI, not crypto. With mining revenue plummeting and the company dumping 4,300 BTC this quarter, it’s clear that "mining" is now just a secondary hedge for the AI boom. Is Bitcoin mining officially obsolete as a standalone industry, or is this just a temporary pivot? What’s your take?
This summary was generated by AI

www.thestreet.comAnalyst predicts 55% rally for surging stock on $9B Anthropic dealRiot Platforms signed a deal with AI giant Anthropic that it says could generate $9.1 billion in total contract revenue.

Anthropic •Deal •Riot Platforms •Analyst Rating •Crypto Analyst •AI

Comments

Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy