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RIOT Stock Blasts Off to 4-Year High on Nuclear-Powered Data Center Deal

Guavy AI Editorial Team
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Riot Platforms' stock reached a four-year high on Wednesday after the company announced a partnership with Terrestrial Energy to develop nuclear-powered data centers.

The deal allows Riot to build data centers for AI workloads, high-performance computing, and Bitcoin mining using IMSR reactor technology from Terrestrial Energy.

The project aims to scale up to 4 gigawatts of nuclear capacity, with deployment expected in the early 2030s.

Riot's stock gained over 12% to hit $23.64, its highest level since March 2022.

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