Riot Platforms Reports Q1 Earnings Amid Transition from Bitcoin Mining to AI and HPC Operations
Riot Platforms (HOOD) reported Q1 revenue of $167.2 million, with a decline in Bitcoin mining revenue and a shift toward AI and HPC operations. Despite a 14% stock increase post-earnings, analyst Darren Aftahi lowered the price target to $38 while maintaining a 'Buy' rating.
Topics: AI and HPC operations analyst rating Bitcoin mining revenue performance stock price movement