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‘Clear scale up path’: Bernstein sees 80% upside for Riot after reported $9.1 billion Anthropic deal

The Block·August 11, 2026·1 min read
‘Clear scale up path’: Bernstein sees 80% upside for Riot after reported $9.1 billion Anthropic deal

Bernstein sees 80% upside for Riot after a reported $9.1 billion Anthropic deal. Analysts estimate AI colocation now accounts for 84% of Riot's target enterprise value, versus 11% for bitcoin mining. The firm cites a clear scale-up path for the company.

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