Riot Platforms Surges on AI Infrastructure Shift as Volume Ranks 105th in U.S. Market

Riot Platforms (RIOT) surged 5.04% on Sept. 16, with a trading volume of $930 million, a 38.67% increase from the prior day, ranking it 105th in volume among U.S. equities. The stock’s performance was driven by heightened institutional activity and a shift in market sentiment toward AI infrastructure plays.

Analysts noted that the surge followed a strategic update from the company, highlighting expanded cloud mining capacity and partnerships with data center providers. The move positioned Riot as a beneficiary of rising demand for Bitcoin mining amid regulatory clarity in key markets. Short-term traders also leaned into the stock’s liquidity spike, with options activity showing a 25% rise in call option purchases compared to the previous week.

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