Riot Platforms's Q3 beat grabs the headlines, but the real move is its AI/HPC readiness for hyperscalers. The company says the basis of design for its Corsicana data center campus is complete, kicking off 112 MW of core-and-shell construction as the first step toward AI-hosting deals. [POST 1]
Riot Platforms: Q3 momentum and revenue spark Riot posted a Q3 revenue of $180.2 million, up significantly from $84.8 million a year ago, underscoring the earnings strength that investors noticed. [POST 2]
CleanSpark: AI pivot + BTC inventory power a dual thesis CleanSpark posted Q3 revenue of $198.6 million (+91% YoY) with $257 million in net income, signaling real execution. The AI pivot plus a Bitcoin inventory of 12,700+ BTC adds a key profitability angle. [POST 3]
CleanSpark: expanding AI compute with a Texas footprint The company announced a 285 MW Texas AI data-center project on 271 acres, a move that expands its shift from miner to full AI compute play. [POST 4]
Fundamentals and near-term upside Fundamentals matter: CleanSpark shows +8% QoQ revenue growth as ASICs stay in rotation despite hash rate/difficulty changes. [POST 5] The BTC inventory angle also provides optional upside as mining economics evolve. [POST 3]
Takeaway: Riot’s AI/HPC readiness and CleanSpark’s Texas AI-data-center push align to a profitability arc that doesn’t hinge on a single BTC cycle—watch LOI momentum and project milestones for clues to the next leg. [POST 1][POST 4]