BFARF - Riot Blockchain: Realistic Assessment In View Of ESG And Rapidly Growing In Scale
- Opportunities in investing in crypto assets now have to be carefully gauged in light of ESG factors, especially after the May 2021 drop in bitcoin prices.
- For this purpose, I consider Riot, a cryptominer actively involved in acquisitions within the mining industry and rapidly gaining in scale.
- I also compare with Bitfarms, a Canadian miner using green energy.
- There are risks concerning regulators delaying approval of bitcoin ETFs, but ultimately, the economic interests of the U.S. as a potential leader in the cryptomining space just like for datacenters should prevail.
- Riot makes for valuable investments, but don't buy now because of the volatility.
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Riot Blockchain: Realistic Assessment In View Of ESG And Rapidly Growing In Scale