RIOT Lights the Path: Get In on the Buy Action Today!"

27 Feb

## RIOT Stock: Short Fundamentals, Recent News, and Disclaimer

**Fundamentals:**

* **Riot Platforms Inc. (RIOT):** A Bitcoin mining company that utilizes immersion cooling technology.
* **Listed:** NASDAQ.
* **Market Cap:** ~$3.6 billion (as of Feb 27, 2024).
* **Business Model:** Generates revenue by mining Bitcoin and selling it on the open market.
* **Key Metrics:**
* Hashrate (computing power): ~4.9 exahashes per second (EH/s).
* Bitcoin holdings: ~13,352 BTC (as of Dec 31, 2023).

**Recent News:**

* **Feb 22, 2024:** Riot Platforms reports full-year 2023 financial results, highlighting increased Bitcoin production and hashrate growth.
* **Feb 5, 2024:** Company announces January 2024 production and operational updates, including exceeding monthly Bitcoin production targets.
* **Jan 4, 2024:** Riot Platforms enters into a strategic partnership with Compass Mining for immersion cooling technology deployment.

**Disclaimer:**

* This information is for educational purposes only and should not be considered financial advice.
* The cryptocurrency and stock markets are highly volatile and carry significant risks.
* Do your own research before making any investment decisions.

**Additional Notes:**

* RIOT stock price is heavily influenced by the price of Bitcoin and broader market trends.
* The recent news highlights the company's growth in mining capacity and production.
* It's important to understand the risks involved in investing in volatile assets like RIOT stock.

I hope this information is helpful! Please let me know if you have any other questions.