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Posted by
Two Blokes Jul 9 -
Filed in
Stock
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2 views
Upgrading RIOT to a Buy due to a strong crypto market outlook, relatively fixed mining costs, low valuation, and a compelling technical setup. Riot Platforms' business model is incredibly scalable when Bitcoin prices stay and rise beyond profitability thresholds. Valuation remains attractive at 1.4x P/B, well below historical averages, with potential upside over 100% if sentiment improves.
