Aug 11, 2026 · 7 min
Riot pivots toward AI as consumer stocks stumble
Hims & Hers Health Falls, On Holding Tumbles, Riot Platform Rises on Anthropic Deal
The episode connects three contrasting stock moves with a broader question: whether AI and long-term planning can help cities absorb rapid growth.
- 1Hims & Hers Health is focusing on peptides as investors assess its next growth phase.
- 2On Holdings faces disappointing sales and scrutiny over its pricing strategy.
- 3Riot Platforms is shifting beyond Bitcoin mining toward AI data-center capacity after an Anthropic deal.
Don't miss
Riot Platforms’ rise after a major Anthropic deal illustrates how a Bitcoin miner is repositioning around AI data-center capacity.
The brief
The episode opens with a question larger than the day’s market moves: how can rapidly growing cities build infrastructure that stays useful as needs change?
Tim Stenovec and Katie Greifeld examine three divergent stocks: Hims & Hers Health’s peptide focus, On Holdings’ weak sales and pricing, and Riot Platforms’ AI-data-center pivot.
Riot Platforms stands out because its rise follows a major Anthropic deal for AI data-center capacity, recasting a Bitcoin miner as an infrastructure provider for artificial intelligence.
Jacob Greaves introduces a discussion with Rohit Krishnan and Estefanía Tapias on embedding innovation into urban development, including Dubai’s response to rapid population growth.
The episode’s through line is adaptation: companies are repositioning around new demand, while cities use long-term planning and AI to manage growth.
What was said on this episode
4 statements · 2 positive · 2 negative
Some peptides lack substantial clinical evidence
“There isn't a lot of clinical evidence for some of them.”
Listen at 1:34
On Holdings shares are down approximately 20%
“Shares of that company are down some 20% right now.”
Listen at 2:23
Riot Platforms has begun selling AI data-center capacity
“this is a Bitcoin mining company that has recently sort of started to sell AI data center capacity.”
Listen at 3:36
AI will compress processes in smart-city systems
“AI will allow in the smart city space to compress a lot of things.”
Listen at 4:47
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.