Riot Platforms Inc (RIOT)

[WhichWayToday]

Soon they erupt. Bitcoin still doing the 1 step 1 step dance building a base.

Riot put out news yesterday. Bit more dilution and spent $50 million for the crucial company needed to power up all the miners efficiently. This is the stuff you have to have and without it, many mining companies will fail. Money well spent imo.

I suspect this will lead to more miner purchases. With team to install them on hand, part of the Riot company, these will working soon after arrival. The question however is, how do you buy more miners when they are in such high demand ? Pay more and move the front of the line is the only way I think but with over $500 million in the bank I think Riot could do that or simply buy out another mining company.

That little flurry to over $40 yesterday shows just how this is going to fly if Bitcoin breaks the last ATH. Just a matter of time. GLA