3 Must-Buy Meme Stocks When Prices Plunge

The first point to note is that Riot ended Q1 2024 with a cash buffer (including Bitcoin (BTC-USD) holdings) of $1.3 billion. Further, with a zero-debt balance sheet, the company has high financial flexibility to pursue aggressive growth. It's also worth noting that the company has set an ambitious target of increasing hash rate capacity from 12.4 EH/s in Q1 2024 to 31.5 EH/s by the end of the year. If Bitcoin remains in an uptrend, this expansion will translate into stellar revenue and EBITDA growth. The m ...