Why Riot Platforms Stock Gained 23% Last Month
Riot Platforms(RIOT) The Motley Fool·2024-01-08 21:28Shares of Riot Platforms (RIOT 7.96%) rose by 23.3% in December 2023, according to data from S&P Global Market Intelligence. The crypto-mining specialist rode higher as Bitcoin (BTC 6.16%) continued to rise, adding 12.7% to the largest cryptocurrency's value last month. Moreover, Riot produced 552 Bitcoin tokens in November, showing a robust increase year over year and an even sharper uptick from slower operations in the late summer months.Key drivers behind Bitcoin's recent market gains (aka Riot's rocket ...