![]() In other words, Riot Blockchain is the complete package: a successful revenue generator with low overhead and an ability to produce vast quantities of Bitcoin. Even if Bitcoin takes another price hit, Riot Blockchain will still be able to produce it at an ultra-low cost.īear in mind, the company reported 2,532% year-over-year revenue growth during 2021’s third quarter. Think about how cheap that is, compared to the current BTC-USD price. Surprisingly, during 2021’s third quarter, Riot Blockchain’s average direct cost per Bitcoin mined was just $10,096. Here’s another mind-blowing statistic: year-to-date through November 2021, Riot Blockchain produced 3,387 BTC.Įven beyond all of that, there’s more good news to report. That figure represents an increase of roughly 298% over over the company’s November 2020 production of 117 BTC (which was already quite impressive). Need proof? According to a production update, Riot Blockchain produced a whopping 466 BTC in November of this year. The data makes it crystal-clear: Riot Blockchain is among the most aggressive Bitcoin miners out there. ![]() In contrast, long-term investors can choose to add some RIOT stock shares anywhere in the $20s, with a goal of potentially reaching $40 again. Thus, nimble traders should keep an eye on that crucial $25 level as it bobs below that area right now. 13, the share price has broken below the bottom of the range. From mid-May through early December, the stock would (more or less) bounce between $25 and $40. As it turned out, however, this would be the peak price for the next ten months.Īfter a sharp decline, RIOT stock established a new price range. Without a doubt, Riot Blockchain’s shareholders would like to see a repeat of what happened in early 2021.Īstoundingly, the share price ran from $18 to a 52-week high of $79.50 in January and February.
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