Why These 15 Data Center Stocks Are Skyrocketing So Far In 2025

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13. Riot Platforms Inc (NASDAQ:RIOT)

Number of Hedge Fund Holders In Q4 2024: 37

Riot Platforms Inc (NASDAQ:RIOT) is a Bitcoin mining company that operates data centers too.

The stock is up significantly so far in 2025 mostly due to Bitcoin rising significantly and its pivot to AI. The company announced new board members who have expertise in AI and data centers and engaged financial advisors to possibly convert its 600 MW Corsicana facility for AI and HPC.

Moreover, Riot reported mining 527 Bitcoins in January 2025, which increased 2% from the previous month and the total hash rate increased 171% year-over-year to 33.5 EH/s.

Riot has scheduled its fourth quarter and year-end 2024 earnings conference call for February 24, 2025.

The consensus price target of $17.55 implies 46.68% upside.

RIOT stock is up 15.72% year-to-date.

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