Riot Platforms Scores Double Upgrade on AI Pivot as JPMorgan & Citi Hike Targets

Wall Street's biggest players just placed a massive bet on Bitcoin mining's AI transformation.

JPMorgan and Citi slapped double upgrades on Riot Platforms as the mining giant pivots hard toward artificial intelligence infrastructure. The banks see explosive potential in repurposing mining operations for AI workloads.

Target prices got the aggressive hike treatment—because when mining rigs start running neural networks instead of hash algorithms, suddenly everyone wants a piece of the action.

The move signals a fundamental shift in how investors value crypto infrastructure plays. Mining operations aren't just about Bitcoin production anymore—they're becoming strategic compute assets in the AI arms race.

Riot's pivot demonstrates the brutal efficiency of crypto-native companies: when one revenue stream faces headwinds, they redeploy capital faster than traditional finance can say 'due diligence.'

Of course, Wall Street only embraces disruption after it's already happened—but better late than never for institutions chasing the next big thing.