Bernstein: Riot Platforms is best suited to integrate the bitcoin mining industry
2024-05-29 11:18:20
On May 29th, brokerage firm Bernstein said in a research note on Tuesday that Riot Platforms (RIOT) is the most ambitious bitcoin miner trying to integrate in the field, and the company hopes to become the world's largest publicly traded mining company. According to the report, the Colorado-based company has the financial ability to consolidate the mining sector because it has no debt and has more than $1.30 billion in cash and bitcoin on its balance sheet.
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