BTC - Is Riot Blockchain a No-Brainer Buy After the Bitcoin Halving?
2024-06-15 08:53:00 ET
The Bitcoin (CRYPTO: BTC) halving event took place in April, as expected. Bitcoin miners now get half the rewards for the same amount of work. Are mining specialists like Riot Platforms (NASDAQ: RIOT) facing insurmountable economic challenges now, or are they poised to skyrocket on the back of a soaring Bitcoin price? Or does the truth lie somewhere in between?
Let's take a closer look at Riot Platforms to see what's up.
This isn't Riot's first halving rodeo. The company used to pursue veterinary medicine patents, but acquired a small Bitcoin miner in 2017 and changed its focus to blockchain operations the next year. Two years later, on May 11, 2020, the third Bitcoin halving took place.
For further details see:
Is Riot Blockchain a No-Brainer Buy After the Bitcoin Halving?