H.C. Wainwright lowered the firm’s price target on Riot Platforms to $17 from $20 and keeps a Buy rating on the shares post the Q1 report. The firm says there was not a great deal of incremental information on the earnings call that wasn’t already discussed during Riot’s analyst day. The company is on track to reach 31.5 EH/s in 2024 after energizing Corsicana in April, the analyst tells investors in a research note.
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