‘Clear scale up path’: Bernstein sees 80% upside for Riot after reported $9.1 billion Anthropic deal

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Riot's analysts at Bernstein estimate a significant upside of 80% after the reported $9.1 billion Anthropic deal, suggesting a clear scale-up path for the company. AI colocation now accounts for 84% of Riot's target enterprise value, compared to 11% for bitcoin mining, indicating a substantial shift in the company's business focus and potential market growth.