Riot Platforms strikes deal with Anthropic as bitcoin miners shift focus to AI infrastructure
Riot Platform, a Bitcoin mining company, has signed a 20-year infrastructure contract worth $9 billion with Anthropic.
A buy was considered based on the strong news momentum of a large-scale infrastructure contract with Anthropic. After the stock surged on 2026-09-03, recording an open of 18.7, a high of 21.2, a low of 18.47, and a close of 21.14, we confirmed candle data showing continued strength on 2026-09-04 — with an open of 20.74, a high of 21.83, a low of 20.66, and a close of 21.8 — and decided to enter.
Based on the news that Riot Platforms has struck a deal with Anthropic, if the stock price rises and reaches the take-profit target of $25.17, I will realize gains through scaled selling; conversely, if the price falls and breaks below the stop-loss level of $17.44, I will accept the loss and sell to manage risk.
RSI(14) stands at 44.0, a neutral level indicating neither overbought nor oversold conditions, and the moving averages are in a non-bullish (non-aligned upward) arrangement. Trading volume is 1.09x the 20-day average, similar to normal levels, while the price change over the past 7 days was -12.3%.
Entry was reviewed on the basis of the major news of a $9 billion, 20-year contract with Anthropic, and the trade exceeded the projected return of 2.5%, delivering an actual return of 11.3% and earning an OVERHIT verdict. At the time of entry, the technical indicators themselves—RSI(14) at 44.0 in the neutral zone and non-aligned moving averages—were not in perfect order; however, the decisive factor was accurately capturing the strength of the candles that broke the downward flow and drove a rebound (the upward momentum on 2026-09-03 and 09-04), powered by the theme's news and the strong contract momentum.
I confirmed that even during periods when technical indicators have not fully shifted into a bullish alignment, the stock price can exhibit powerful explosive momentum that transcends the limits of the indicators when combined with mega-scale contract news capable of completely transforming a company's fundamentals. Going forward, when encountering similar large-scale catalysts, I will apply a flexible response framework to my next trades—one that does not fixate solely on short-term technical indicator readings, but also places trust in the ripple effects of positive news and the rebound energy of recent candlesticks.