NASDAQ:RIOT - Nasdaq - US7672921050 - Common Stock
Bitcoin (CRYPTO: BTC) mining reportedly helped Texas avoid $18 billion in energy costs by eliminating the need for new gas peaker plants.
Trump kicks off presidency with two new meme coins. Bitcoin hits record high. Riot turns to AI. Banks to embrace crypto, official says.
EQNX::TICKER_START (NYSE:KULR),(NASDAQ:MSTR),(NASDAQ:RUM),(NASDAQ:MARA),(NASDAQ:RIOT) EQNX::TICKER_END
According to JP Morgan, 12 out of 14 publicly traded miners outperformed Bitcoin in the first two weeks of January with Riot Platforms posting the most gains.
The softening of core inflation has raised expectations of rate cuts in 2025—a potential tailwind for cryptocurrencies.
On Monday, bitcoin miner Riot Platforms stock got an upgrade to its Relative Strength (RS) Rating, from 78 to 89.
Bitcoin and cryptocurrency miners are set for a major bull market after notching a record year for 2024, H.C. Wainwright writes.
These hypergrowth stocks are forecast to produce sales growth of up to 598% in the new year.