Financial services firm Cantor Fitzgerald has highlighted Riot Platforms (NASDAQ: RIOT) as their top pick in the Bitcoin (CRYPTO: BTC) mining sector.
The firm's confidence in Riot's potential is evident as it set a price target of $23.00, more than double its current price of $10.98.
In an analyst note, Cantor Fitzgerald emphasized Riot's position as the Bitcoin halving approaches, suggesting that the company is poised to continue gaining a larger share in the Bitcoin mining industry.
The anticipated surge in the Bitcoin mining sector leading up to the 2024 halving is set to be among the highly engaging conversations at Benzinga's Future of Digital Assets event in New York City on Nov. 14. Don't miss this pivotal discussion, as industry leaders converge to share insights ...