{"id":49730,"date":"2025-09-26T15:31:43","date_gmt":"2025-09-26T15:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49730"},"modified":"2025-09-26T15:31:43","modified_gmt":"2025-09-26T15:31:43","slug":"riot-platforms-gets-double-upgrade-on-ai-pivot-as-jpmorgan-citi-hike-targets","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49730","title":{"rendered":"Riot Platforms Gets Double Upgrade on AI Pivot as JPMorgan, Citi Hike Targets"},"content":{"rendered":"<div>\n<p>Riot Platforms (RIOT) picked up back-to-back upgrades from Wall Street on Friday, with JPMorgan and Citigroup both raising their outlooks on the bitcoin miner amid changing industry economics and a shift toward high-performance computing.<\/p>\n<p>JPMorgan boosted Riot to overweight from neutral and raised its price target to $19 from $15, calling it the most attractive among its mining peers. Citi upgraded to buy from neutral and lifted its price target to $24 from $13.75. Both firms pointed to Riot\u2019s pivot into artificial intelligence and cloud services as a potential growth driver as mining profits tighten. Riot was modestly outperforming a sharply lower sector on Friday, declining &#8220;just&#8221; 1.2% to $16.55.<\/p>\n<p>Alongside its upgrade of RIOT, JPMorgan downgraded the previously very hot-handed IREN to underweight from neutral. Shares are down 9.7% on Friday, but still higher by 300% year-to-date. CleanSpark (CLSK) was cut to neutral and it&#8217;s lower by 9.3% Friday and higher by 34% year-to-date.<\/p>\n<p>The bank maintained its buy rating on Cipher Mining (CIFR), and doubled its price target to $12 from $6. The shares were 3.5% lower to $11.20 at publication time.<\/p>\n<p>MARA Holdings (MARA) was kept at overweight, with a reduced price objective of $20, down from $22. The stock was 1% lower around $15.90 in early trading.<\/p>\n<p>JPMorgan\u2019s analysts are assigning a 50% probability that Riot, Cipher, and IREN each secure near-term high performance computing (HPC) colocation agreements, using Core Scientific\u2019s (CORZ) 800 MW CoreWeave (CRWV) deal as a benchmark. The bank values HPC colocation contracts at $3.7 million to $8.6 million per gross megawatt (MW).<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/09\/26\/Bitcoin%20Mining%20Profitability%20Fell%20in%20August,%20Jefferies%20Says\"><span style=\"text-decoration:underline\">Bitcoin Mining Profitability Fell in August, Jefferies Says<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Riot Platforms (RIOT) picked up back-to-back upgrades from Wall Street on Friday, with JPMorgan and Citigroup both raising their outlooks on the bitcoin miner amid changing industry economics and a shift toward high-performance computing. JPMorgan boosted Riot to overweight from neutral and raised its price target to $19 from $15, calling it the most attractive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-49730","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49730"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/49730\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}