“More Merger Math! 🚀 Anthropic Threat? SOL Value & Covered Call Trim🔥”
RIOT's AI pivot has significant risks (capex, construction, tenant concentration) and delayed revenue; limit exposure to <=1%.
Any thought on Riot for the AI infrastructure play? They just landed a $9.1 billion data center deal with Enthropic to host AI compute, pivoting heavily away from pure Bitcoin mining.
Curious if you see them revaluing as a multi-deade AI landlord or if the capex requirements and crypto ties make it too risky.