Group 1 - Riot Platforms Inc. is considered a promising stock to buy under $50, with Citi lowering its price target to $23 from $28 while maintaining a Buy rating [1] - In Q3 2025, Riot Platforms generated total revenue of $180.2 million, more than doubling the $84.8 million reported in Q3 2024, driven by a $93.3 million increase in Bitcoin mining revenue [2] - The company produced 1,406 Bitcoin during the quarter, contributing significantly to the revenue surge [2] Group 2 - Despite revenue growth, Riot's hash rate deployment increased by only 3%, which was outpaced by an 8% increase in global network competition [3] - To mitigate energy costs, Riot utilized its Power-First Strategy, achieving $23 million in cumulative capital expenditure savings through its engineering business and significant power credits [3] - Citi remains positive on Riot Platforms through 2026, anticipating that regulatory reforms will enhance stock performance across the sector [1][3]

Core Viewpoint - The article discusses the potential of 10 stocks trading under $1 that are expected to experience significant growth, highlighting the current favorable macroeconomic environment and investor sentiment [1][4]. Macroeconomic Environment - U.S. equity markets are continuing their upward trajectory into 2026, with fewer major headwinds for investors, as noted by Morgan Stanley's CIO Mike Wilson [1]. - The Federal Reserve's proactive liquidity measures, including renewed asset purchases, have bolstered market confidence, shifting monetary policy to a supportive stance [2]. - Economic growth is anticipated to remain stable, with strong corporate earnings visibility, while weak labor data may allow for further rate cuts by the Fed [3]. Investment Strategy - The list of stocks under $1 was curated using screeners to identify those with at least 50% upside potential and meaningful analyst coverage, focusing on hedge fund sentiment [6]. - The strategy of imitating top hedge fund picks has historically outperformed the market, with a reported return of 427.7% since May 2014 [7]. Company Highlights Kosmos Energy Ltd. (NYSE:KOS) - Current share price is $0.91 with an upside potential of 92.90% and 20 hedge fund holders [8][9]. - The company has made significant operational progress, including the completion of a well in Ghana that could yield over 10,000 barrels of oil per day [10]. - License extensions for key oilfields have been approved, supporting higher reserves and additional drilling opportunities [11]. Blink Charging Co. (NASDAQ:BLNK) - Current share price is $0.78 with an upside potential of 156.40% and 9 hedge fund holders [13]. - The company raised approximately $20 million through a public offering to fund its DC fast-charging network expansion [14]. - A strategic contract with Sourcewell will enable access to over 50,000 government and nonprofit agencies for its charging solutions [15]. Canaan Inc. (NASDAQ:CAN) - Current share price is $0.81 with an upside potential of 270.10% and 10 hedge fund holders [17]. - The company is launching a proof-of-concept project in Canada to monetize waste heat from crypto mining for agricultural use, potentially capturing 90% of electricity consumed [18]. - This initiative positions high-density computing as an energy-efficient asset, with a low power cost and potential for shared economics [19].

Group 1: Bitcoin Mining Developments - Hut 8 is seeking zoning approval for a proposed 500 MW data center in Logan County, Illinois, with an estimated cost between $4 billion and $5 billion [3][4] - Bitcoin mining stocks are restructuring leadership to focus on AI expansions, with Cipher hiring Lee Bratcher and Drew Armstrong, and Riot appointing Jason Chang as CFO [7] Group 2: Market and Policy Updates - MSCI has decided to retain Strategy in its global indices, which is significant for bitcoin treasury companies [5][6] - Florida is making another attempt to establish a strategic bitcoin reserve [2] Group 3: Bitcoin Mining Economics - Bitcoin mining revenue metrics are currently weak, with hash prices near all-time lows, and mining difficulty has trended downward, with four of the last five adjustments being negative [8]

Market Overview - Bitcoin mining equities opened positively despite Bitcoin's price fluctuation, which dipped below $90,000 before recovering [1] - Bitcoin reached a 5-day low of $89,538 but later stabilized around $90,300, reflecting a 1% decrease over the last day [1] Company Performance - IREN (NASDAQ: IREN) and Hut 8 (NASDAQ: HUT) experienced gains, with IREN rising 6% to $46.27 and Hut 8 increasing 2.1% to $59.09 at market open [2] - Bitfarms (NASDAQ: BITF) surged 6% to $2.96, following its announcement of a strategic transition to AI and HPC workloads [2] - CleanSpark (NASDAQ: CLSK) saw a slight increase of 1% to $12.04, while Riot Platforms (NASDAQ: RIOT) remained relatively flat, up 0.20% to $15.31 [2] Other Operators - HIVE (NASDAQ: HIVE) climbed 2.5% to $3.14, TeraWulf (NASDAQ: WULF) rose 4% to $12.98, and MARA (NASDAQ: MARA) edged up 3.6% to $10.44 at market open [3] - Core Scientific (NASDAQ: CORZ) declined 0.18% to $16.21, and Cipher (NASDAQ: CIFR) slipped 0.12% to $16.06 [3]

Riot Platforms has carried out the largest bitcoin selloff in its history, dumping $161.6 million worth of BTC in December as deteriorating mining economics forced a sharp shift in treasury strategy. The sale came despite Riot producing more bitcoin month over month, showing how pressure from collapsing hashprice is now overriding the long-standing “hodl” approach once favored by large public miners. Riot Steps Up Bitcoin Sales as Hashprice Slumps to Five-Year Lows The US-listed miner sold 1,818 bitcoi ...

Core Insights - Riot Platforms, Inc. sold 1,818 BTC in December 2025, marking its largest single-month Bitcoin sale to date [1] - The total value of Bitcoin sold in December amounted to $161.6 million, with an average price per BTC of $88,870, down from $96,560 in November [2][5] - The company produced 460 BTC in December, an increase from 428 BTC in November, averaging 14.8 BTC per day [7][8] Sales and Production - The December sale represented a significant increase of 375% compared to the 383 BTC sold in November [6] - Riot currently holds 18,005 BTC, reflecting a 7% decrease in holdings over the month [9] Market Context - The decline in the hash price over the last three months indicates a challenging environment for Bitcoin miners, impacting profitability [4] - The slump in the crypto market is evident in Riot's record Bitcoin sale, suggesting broader market trends affecting mining operations [4]

Core Insights - Canaan has initiated a proof-of-concept project in Manitoba, Canada, utilizing liquid-cooled Bitcoin mining equipment to recycle waste heat for agricultural use [1][2] - The pilot project aims to assess the practicality of using high-density computing infrastructure as a heat source in cold climates, targeting 95% uptime over a 24-month period [2][4] Group 1: Project Details - The initiative involves deploying 360 Avalon A1566HA-460T units and four liquid-cooling modules at Bitforest's tomato greenhouse [2] - Canaan estimates that approximately 90% of server electricity can be converted into heat, producing water temperatures exceeding 75°C at a cost of $0.035 per kilowatt-hour [2] - The heat generated will be captured through a closed-loop heat-exchange system to preheat intake water for the greenhouse's electric boilers, reducing direct heating costs [3] Group 2: Agricultural Impact - The project aims to evaluate heat-recovery efficiency, system stability, and operating intensity while exploring potential capital savings by eliminating industrial cooling towers [3][4] - Bitforest's facility focuses on year-round tomato cultivation, making a consistent heat supply essential for production during harsh winters [4][5] - This greenhouse application could serve as a model for similar dual-purpose installations across Canada's agricultural sector, addressing significant heating costs [5] Group 3: Industry Trends - Institutional demand is pushing Bitcoin mining towards sustainability, with major buyers increasingly seeking sustainably mined coins [6] - The transformation in Bitcoin mining is seen as beneficial for energy efficiency across the computing sector, according to industry experts [6]

Core Insights - Riot mined 460 bitcoin in December 2025, achieving a 337% increase in net proceeds from Bitcoin sales compared to November 2025, with net proceeds totaling $161.6 million from the sale of 1,818 Bitcoin [1] - The company is transitioning to a quarterly reporting schedule, marking the final monthly operational update [1] Financial Performance - Riot's deployed hash rate increased to 38.5 EH/s in December, a 5% rise from 36.6 EH/s in November, with a fleet efficiency of 20.2 J/TH [2] - The company held 18,005 Bitcoin at the end of 2025, which includes 3,977 restricted Bitcoin, reflecting a 7% decrease from the previous month due to sales in December [2] - Riot earned $6.2 million in power credits in December, marking a 171% increase compared to November [2] Executive Changes - Significant executive changes were announced, including the appointment of Jason Chung as the new chief financial officer [3] - The company increased the base salaries for its CEO and executive chairman while removing a base compensation perk of 10 BTC for both executives [3] Equity Offering and Analyst Ratings - Riot established a new at-the-market equity offering for $500 million on December 31, 2026 [4] - JP Morgan issued an overweight rating for Riot on December 18, setting a price target of $20, and projected that Riot could sign a 600 megawatt colocation deal by the end of 2026 [4]

Core Insights - Bitcoin mining is highly power-intensive, generating significant heat, which can be utilized in other applications like greenhouse operations [1][2] - Canaan has initiated a 3 MW proof-of-concept project in Manitoba with Bitforest to recover heat from mining operations for greenhouse use [1] - The project aims for a 90% capture rate of electricity consumed, enhancing efficiency in high-density computing operations [2] Company Initiatives - Canaan is focusing on making high-density computing operations more efficient while promoting energy reuse across various applications [2] - The initial agreement for the project is set for a two-year term, indicating a commitment to long-term sustainability and efficiency [2] - The company aims to develop a replicable model for energy reuse in similar operations [2]

Core Insights - Riot Platforms, Inc. produced 460 Bitcoin in December 2025, marking an 8% increase from November 2025 but an 11% decrease compared to December 2024 [1][2] - The company will transition from monthly production updates to quarterly updates, focusing on overall business performance and data center strategy [4] Production Metrics - Bitcoin Produced: 460 in December 2025, up from 428 in November 2025, down from 516 in December 2024 [2] - Average Bitcoin Produced per Day: 14.8 in December 2025, up from 14.3 in November 2025, down from 16.6 in December 2024 [2] - Bitcoin Held: 18,005 at the end of December 2025, down 7% from November 2025 but up 2% from December 2024 [2] - Bitcoin Sold: 1,818 in December 2025, a significant increase of 375% from 383 in November 2025 [2] - Bitcoin Sales - Net: $161.6 million in December 2025, a 337% increase from $37.0 million in November 2025 [2] Financial Metrics - Average Net Price per Bitcoin Sold: $88,870 in December 2025, down 8% from $96,560 in November 2025 [2] - Total Power Credits: $6.2 million in December 2025, a 171% increase from $2.3 million in November 2025 [2] - All-in Power Cost - Total: 3.9 cents per kWh in December 2025, a slight decrease of 1% from 4.0 cents per kWh in November 2025 [2] Operational Metrics - Deployed Hash Rate: 38.5 E+H/s in December 2025, up 5% from 36.6 E+H/s in November 2025 [2] - Average Operating Hash Rate: 34.9 E+H/s in December 2025, a marginal increase of 1% from 34.6 E+H/s in November 2025 [2] - Fleet Efficiency: 20.2 J/TH in December 2025, down 1% from 20.5 J/TH in November 2025 [2] Company Overview - Riot is a leader in the Bitcoin-driven industry, focusing on large-scale data centers and Bitcoin mining applications [9] - The company operates Bitcoin mining facilities in Texas and Kentucky and is expanding into data center development [9] - Riot's mission is to empower the future of digital infrastructure, aiming for best-in-class execution and successful outcomes [8]