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%.
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.
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.
Bitcoin just had its birthday on Friday. The blockchain's network is stronger than ever, with mining difficulty reaching a new all-time high mark as the biggest cryptocurrency rides into the new year.
