Riot Platforms Gets Double Upgrade on AI Pivot as JPMorgan, Citi Hike Targets

**Riot Platforms Soars on Wall Street Double Upgrade as Bitcoin Miner Pivots to AI Computing**

Riot Platforms (RIOT) received significant bullish momentum Friday as two major Wall Street firms upgraded the cryptocurrency mining stock. JPMorgan and Citigroup both raised their price targets and outlook ratings, citing the company's strategic pivot toward artificial intelligence and high-performance computing alongside traditional Bitcoin mining operations.

The double upgrade reflects changing dynamics in the cryptocurrency mining sector, where companies are diversifying revenue streams beyond blockchain validation. As Bitcoin mining economics evolve due to network difficulty adjustments and energy costs, miners like Riot are leveraging their existing infrastructure for AI workloads and data center operations.

This strategic transformation positions Riot Platforms to capitalize on the growing demand for computational power in both cryptocurrency and artificial intelligence markets. The Wall Street endorsement signals institutional confidence in the company's ability to navigate the volatile crypto landscape while expanding into lucrative tech sectors.

Investors are closely watching how traditional Bitcoin miners adapt their business models, with Riot's AI pivot potentially setting a precedent for the broader cryptocurrency mining industry's evolution toward diversified computing services.