Riot Platforms (RIOT)

by | Apr 17, 2024 | Daily Trade Alerts

Keep an eye on Bitcoin mining stocks, like Riot Platforms (RIOT) ahead of the Bitcoin halving.

Ahead of the 2020 halving, RIOT was just bottoming out at around 95 cents. By the halving, it was up to $1.70. It would then run to $52.73. Ahead of the 2016 halving, it was above $3. By December, it was up to $3.79. By late 2017, it was up to $33.27. With the 2012 halving, RIOT traded at around $19. Shortly after the halving, it did slip to $14.55 before recovering to about $20 by December.

In addition, ahead of the 2024 halving, CEOs are upbeat, according to analysts at Bernstein. The “CEOs point to miner dollar revenues at all-time highs, providing a solid cushion to miners pre-halving,” and they also noted the “relatively low debt on the balance sheet,” as noted by


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