Reported 2 days ago
Riot Platforms stock jumped almost 11% on Monday after analyst Brett Knoblauch raised his price target for the Bitcoin miner's shares from $22 to $26, maintaining a buy recommendation. The increase came after Riot reported producing 445 Bitcoins in September, yielding a year-over-year growth despite a slight month-over-month decline. The company also enhanced its total Bitcoin holdings, further boosting investor confidence as it positions itself for growth in artificial intelligence and high-performance computing at its Corsicana site.
Source: YAHOO