Riot Platforms Q4 Earnings Preview: Late To The HPC Pivot, But Not Too Late To Buy
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Mandela Amoussou1.78K FollowersFollow5ShareSavePlay(16min)CommentsSummaryRiot Platforms earns a Buy rating at this juncture, driven by undervalued infrastructure assets and mounting pressure to accelerate its AI/HPC pivot.RIOT’s 1.7 GW of approved power capacity is deeply discounted relative to data center peers, with potential equity value of $9–21 billion if monetized.Management’s execution history and delayed HPC/AI pivot remain key risks, but recent actions like the AMD deal and BTC liquidation show intent to self-fund transformation.A credible HPC pipeline, clear Rockdale/Corsicana asset allocation, and additional signed AI contracts are critical near-term catalysts for re-rating and are key points to watch in the Q4 earnings call. Trygve Finkelsen/iStock via Getty Images Riot Platforms (RIOT) has been one of the Bitcoin (BTC-USD) miners I have followed closely but kept at arm's length for much of the past market cycle. I have only covered RiotThis article was written byMandela Amoussou1.78K FollowersFollowI started out as a crypto investor a decade ago and remain deeply active in the crypto space. I cover Bitcoin miners, digital asset treasuries, and crypto ETFs majorly, but I also seek alpha in tech equities, especially in emerging sectors like quantum computing and orbital intelligence. I have initiated coverage as a first analyst here on Seeking Alpha to cover names like SealSQ (LAES), Rezolve AI (RZLV), among others, with Buy ratings. Several of these tickers have delivered double to triple digit returns since initial coverage. I try to go beyond surface level metrics and headline numbers. I focus on fundamentals, capital allocation, momentum, market structure, and management execution. And most of all, your comments matter. Even the critical comments are very much welcome, as they improve my work and sharpens the analysis. I value thoughtful disagreements. I look forward to learning and compounding together in the market. Best, MandelaAnalyst’s Disclosure: I/we have a beneficial long position in the shares of RIOT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.