Riot Platforms Inc. is a technology company that focuses on cryptocurrency mining, specializing in Bitcoin
The company operates large-scale mining facilities that utilize advanced hardware to generate and validate cryptocurrency transactions on blockchain networks. Riot Platforms is committed to expanding its mining capabilities while emphasizing sustainable energy practices and efficiency in its operations. Additionally, the company explores opportunities in the broader blockchain ecosystem, positioning itself to capitalize on the evolving landscape of digital currencies and related technologies.
The Czech National Bank is exploring a potential expansion of its investment portfolio, as global institutions, such as the Norwegian sovereign wealth fund, show increasing exposure to assets like Bitcoin (CRYPTO:
U.S. stocks settled lower, as the S&P 500 recorded losses after hitting fresh records on Friday. All three major indices recorded their second consecutive positive week, with the S&P 500 and Nasdaq each gaining around 1.7% last week, while the Dow gained 2.2%.
Melania Trump has launched her own meme coin, mirroring her husband Donald Trump’s actions. This move has sparked discussions about potential conflicts of interest, especially as the incoming administration prepares to relax regulations surrounding digital assets.
Leading U.S.-based firms were competing hard to mine more Bitcoin (CRYPTO: BTC), with many increasingly retaining the newly-created coins for long-term benefits.
PALM BEACH, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The usage of cryptocurrencies and their sources of mining are both growing exponentially around the globe and are projected to continue in the coming years. According to a report from ResearchAndMarkets, describing the growing crypto outlook said: “The cryptocurrency market is forecasted to grow by USD 39.74 billion during 2024-2029, accelerating at a CAGR of 16.7% during the forecast period.” Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is acceptance of cryptocurrency by retailers. One of the major drivers for this market is the rising investment in digital assets.” Another report from Precedence Research that focused on mining said: “The global cryptocurrency mining market size is calculated at USD 2.45 billion in 2024, grew to USD 2.77 billion in 2025 and is predicted to surpass around USD 8.24 billion by 2034, expanding at a CAGR of 12.90% between 2024 and 2034. Bitcoin and numerous other cryptocurrencies service the mining progression to produce a new exchange and validate fresh transactions. Bitcoin operates on a distributed network or decentralized computer network that keeps track of cryptocurrency. New bitcoins are generated or mined when machines on the system authenticate and process the transaction. The transaction is processed by these computer networks, or miners, in return for a Bitcoin reward.” Active companies in news today include: KULR Technology Group, Inc. (NYSEKULR), MicroStrategy® Incorporated NASDAQ: MSTRNASDAQMSTR)(NASDAQ: RUMNASDAQRUM, MARA Holdings, Inc. (NASDAQ: MARANASDAQ), Riot Platforms, Inc. (NASDAQ: RIOTRIOT).
Riot Platforms, Inc. (NASDAQRIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin mining, today provided an update on strategic actions it is taking to maximize the value of its unique asset in Navarro County, Texas (the “Corsicana Facility”).
According to JP Morgan, 12 out of 14 publicly traded miners outperformed Bitcoin in the first two weeks of January with Riot Platforms posting the most gains.
Activist investor Starboard Value LP has reportedly acquired a 7.7% stake worth approximately $500 million in Qorvo Inc. on Thursday, targeting the struggling semiconductor manufacturer for potential operational changes.
The launch of the Defiance Daily Target 2X Long RIOT ETF provides a timely opportunity for investors to gain exposure to Riot's growth in the crypto mining space. Other ETFs with exposure to cryptocurrency stocks, such as BLOK and DAPP, could also benefit. Bitcoin's recent price surge and optimism surrounding crypto-friendly policies add to the potential for an altcoin rally.
