Big money is chasing the AI narrative again. Riot pivoting to HPC with Anthropic is the kind of reach that makes my skin crawl. They are trying to hide the halving fatigue by slapping an AI label on their energy contracts. If the power grid in Texas decides to blink, their data centers will be nothing but expensive paperweights. But the market is rigged anyway. Watch them burn through capital trying to hire real engineers while managing the ASIC legacy debt. It is a desperate play for institutional relevance before their mining margins hit the floor. The bird outside the window keeps hitting the glass, just like these retail traders hitting the buy button on pure hope.
@stockwatchdaily
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3August 11, 2026 7.4K
