Episode Details

Riot Platforms, a bitcoin mining company, saw its shares surge by eight percent after securing a significant data center deal with AMD, potentially generating $636 million over ten years. The company also secured better terms on a $200 million bitcoin-backed credit line from Coinbase, freeing up 1,544 bitcoins. Riots pivot towards AI hosting, driven by activist investors, is paying off, reducing reliance on volatile bitcoin mining. The company ended Q1 with 15,679 bitcoins and $282.5 million in cash, positioning it strongly in the AI data center market.

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