H.C. Wainwright raised the firm’s price target on Riot Platforms to $20 from $19 and keeps a Buy rating on the shares after the company entered into a new purchase agreement with MicroBT to acquire 31,500 M60S miners. The firm says the purchase will have a net positive effect on Riot’s total deployed hash rate, fleet efficiency, and potentially operating uptime.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RIOT:
- Bitcoin (BTC-USD) Makes Another High; Crypto Stocks Rise as Well
- Riot Purchases 31,500 Miners From MicroBT to Enhance and Expand Self-Mining Operations at Its Rockdale Facility
- Shares of Coinbase are up over 15% amid approaching bitcoin halving
- 5 Best Blockchain Stocks to Buy Now, According to Analysts – February 2024
- DOE to suspend survey of energy use by crypto miners