Roth MKM raised the firm’s price target on Riot Platforms to $25.50 from $22.50 and keeps a Buy rating on the shares. The company’s Q4 results were “mixed” as it announced about 2.7 EH/s of incremental expansion from fleet upgrades and replacement, which increases the FY24/25 hash rate outlook and improves efficiency, the analyst tells investors in a research note.
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