Riot Blockchain price target lowered to $12 from $15 at BTIG

BTIG analyst Gregory Lewis lowered the firm’s price target on Riot Blockchain to $12 from $15 but keeps a Buy rating on the shares. The analyst is positive on the company’s ability to manage their hash capacity buildout, which should see Riot Blockchain continue to deliver increasing hash capacity. The firm adds that Riot is one of the few BTC miners that could actually see its hash capacity "surprise to the upside".