Riot's AI Pivot Over Bitcoin Mining: Analyst Says 'Encouraging' Move
Riot Platforms Inc RIOT made a strategic pivot that is shaking up its future trajectory. The company announced it would pause its Bitcoin BTC/USD mining expansion at Corsicana and instead conduct a feasibility study on converting its remaining capacity to AI and high-performance computing (HPC) use.
Riot Platforms: If You Anticipate Higher For Bitcoin, How Will RIOT React? (Technical Analysis)
Our methodology uses human behavior and fractal analysis to project RIOT's likely price movements, beyond traditional technical analysis. RIOT and similar stocks typically advance in 5 waves and correct in 3 waves; fractal patterns help predict future price actions in larger structures. Lyn Alden notes that miners like RIOT correlate with bitcoin prices; sentiment and technicals are key for trading signals.
Buying Riot Platforms For Bitcoin Yield
Riot Platforms is the second largest public bitcoin mining company by market cap, highlighting its significant presence in the industry. The company has aggressive expansion plans to grow its hashrate to 100 EH/s over the coming years while increasing miner efficiency. RIOT has begun to implement a debt and equity financing strategy to acquire and hold more bitcoin, to enhance its bitcoin yield.
Riot Platforms: The Bitcoin Miner Plans To Strike Gold
Cryptocurrencies surged in 2024, with Bitcoin gaining 121% due to favorable regulations and Trump's election, driving smart money into Bitcoin-related stocks like Riot Platforms. Riot Platforms significantly expanded its mining capacity, achieving a 155% YoY increase in hash rate, making it the fastest-growing Bitcoin miner globally. Riot's strategy includes acquiring ready-to-run mining sites and diversifying energy sources, reducing reliance on Texas and benefiting from Kentucky's energy-saving programs.
Riot Platforms, Inc. (RIOT) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Riot Platforms, Inc. (RIOT) closed the most recent trading day at $13.29, moving -1.26% from the previous trading session.
RIOT Stock Declines 13% in a Month: Is This a Buying Opportunity?
With Riot Platforms' shares recently declining, we assess the stock's current standing to determine if it offers a compelling investment opportunity.
Wall Street Bulls Look Optimistic About Riot Platforms, Inc. (RIOT): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
New Leveraged Defiance ETF Focuses on Riot Platforms
On Friday, Defiance ETFs expanded its leveraged ETF lineup with the launch of the Defiance Daily Target 2X Long RIOT ETF (RIOX). As expected from a leveraged ETF, RIOX looks to provide double the daily percentage change in the share price of Riot Platforms (RIOT).
After Strong Run, Riot Platforms Stock Drops 10%: Time to Buy the Dip?
Given the recent decline in RIOT shares, we evaluate the stock's current position to determine whether it presents a good investment opportunity.
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Riot Platforms is in a solid position to capitalize on an opportunity to lease capacity to hyperscalers.
Wall Street Analysts Think Riot Platforms, Inc. (RIOT) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Why Riot Platforms Stock Blasted Nearly 5% Higher on Thursday
News of a prominent investor's entry into Riot Platforms (RIOT 4.76%) juiced the cryptocurrency miner and investor's stock on Thursday. Eager investors piled into its shares, sending their value almost 5% higher on the day.
