Crypto miner Riot Blockchain (NASDAQ:RIOT) continues to rise and is now up over 9% over the past five days.
The company produced 374 Bitcoin (BTC-USD) in August while lowering its power costs. This earned RIOT about $3 million in power credits. At the end of August, the company had about 6,720 Bitcoins and a deployed fleet of 46,658 miners.
Will RIOT Stock Go Back up?
The price gains come after a massive 70% nosedive in the stock so far in 2022 and in the meantime, analysts continue to remain Bullish about the stock.
Overall, Wall Street has a Strong Buy consensus rating on RIOT based on six unanimous Buy. The average price target of $14.83 implies a massive 112.77% potential upside in the stock.
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