Reported about 11 hours ago
Riot Platforms, Inc. (NASDAQ:RIOT) experienced a significant share price increase of 9.57% on Friday, closing at $9.85, following a rally in Bitcoin prices. The surge was fueled by Riot's recent announcement of a 11% increase in Bitcoin production last month, mining 514 Bitcoins compared to 463 in April, alongside an improved hash rate. The company also acquired additional land near its Corsicana site to develop data centers, further supporting its growth strategy.
Source: YAHOO