$RIOT A $9.1B contract changed the long-term thesis.
It did not change the 4H structure.
Riot disclosed a 20-year data center lease for 191 MW with a leading frontier AI lab, reported to be Anthropic.
The company estimates average annual net operating income of $365M–$411M, but the initial capacity is not expected until December 2027, with full deployment scheduled for June 2028.
The contract is meaningful.
The cash flows remain long-duration.
RIOT gapped from around $19.40 to $23.57, reached $23.66, then fully retraced the gap intraday before finishing near $20.20.
Technically, price remains