Riot Platforms Powers Up: Analyst Gives 4 Reasons Why He Is Bullish
1. RIOT's 2024 revenue rose to $79.3M, driven by Bitcoin mining. 2. Analyst lowered RIOT's price forecast from $13.50 to $12. 3. Riot's Bitcoin production increased to 1,530 BTC in Q1 2024. 4. Company holds a strong cash position with no corporate debt. 5. Riot's HPC opportunities may significantly boost growth by 2026.