Riot Platforms Stirs Up Bitcoin Mining Market, Increases Stake in Rival Bitfarms to 12% - Bitfarms (NASDAQ:BITF)
In a recent development, Bitcoin (CRYPTO: BTC) mining company Riot Platforms Inc.
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In a recent development, Bitcoin (CRYPTO: BTC) mining company Riot Platforms Inc.
Analysts at JPMorgan support Riot Platforms' proposed move to acquire Bitfarms to build the largest publicly traded BTC mining center.
Bitfarms said it had received additional expressions of interests from other parties.
Riot Platforms aims to become the largest publicly traded Bitcoin miner by acquiring Bitfarms, expanding its power capacity and geographic reach. ROTH MKM analyst Darren Aftahi reiterated a Buy rating on Riot Platforms with a price forecast of $20.
RIOT stock was trading at around $4 in early June 2022, just before the Fed started increasing rates, and is now 160% above that level, compared to a 40% gain for the ...