Riot Platforms

RIOT

Market cap $10.5B

If you're not familiar with the name Leopold Aschenbrenner, you should be.

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The investment narrative surrounding nuclear energy has shifted dramatically, from a traditional defensive utility play to a high-growth thematic opportunity. While global decarbonization goals and energy security initially catalyzed this shift, the massive power requirements of AI data centers have rapidly accelerated the build-out.

Shares of HIVE Digital Technologies (NASDAQ:HIVE) are up 34% in mid-morning trading Monday, while T1 Energy (NYSE:TE) shares have climbed 20%.

There's another set of artificial intelligence plays hidden in plain sight. And their roots are in crypto.

Top Performing Leveraged/Inverse ETFs Last Week These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

Riot Platforms has pivoted from Bitcoin mining to building digital infrastructure, driving significant stock appreciation in 2026. RIOT's focus on data centers supports high-demand sectors like AI, 5G, and cloud technology, attracting investor enthusiasm. The stock has surged 90% year-to-date in 2026, reflecting strong market approval of RIOT's strategic shift.

Shares of Hut 8 (NASDAQ:HUT) are surging 35% in midday trading Wednesday.

Riot Platforms, Inc. is executing a strategic pivot to Tier 3 data center hosting, anchored by a major partnership with AMD for up to 200MW capacity. RIOT's Corsicana site expansion and ESS Metron business position it for long-term growth, with robust engineering backlog and supply chain control. I reiterate a Strong Buy on RIOT with a $28.60 price target, justified by sustainable, high-visibility lease revenues and a shift away from bitcoin mining volatility.

CHARLOTTE, N.C. & CASTLE ROCK, Colo.--(BUSINESS WIRE)--Terrestrial Energy Inc. (NASDAQ: IMSR) (“Terrestrial Energy”), a developer of small modular nuclear power plants using its Generation IV Integral Molten Salt Reactor (IMSR) technology, and Riot Platforms Inc. (NASDAQ: RIOT) (“Riot”), an industry leader in the development of large-scale data centers and bitcoin mining applications, today announced a collaboration to develop a best-in-class pairing of future data centers with co-located advan.