EddieJayonCrypto
20 Mar 24
Bitcoin rewards are expected to plunge post-halving, resulting in a 25% hit to Riot's stock this year. Despite this, a recent uptick in Bitcoin value is providing hope for the company. Riot has been proactive, acquiring over 30,000 miners to bolster their mining capacity. By the year's end, they ant...
Bitcoin rewards are expected to plunge post-halving, resulting in a 25% hit to Riot's stock this year. Despite this, a recent uptick in Bitcoin value is providing hope for the company. Riot has been proactive, acquiring over 30,000 miners to bolster their mining capacity. By the year's end, they anticipate their hash rate to double, signifying a substantial leap in their abilities, albeit in challenging conditions for mining companies. Ultimately, larger revenues are on the horizon if the value of Bitcoin can be preserved or even increased.
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