Riot Platforms, Inc. (NASDAQ:RIOT) saw a significant increase in stock performance on Monday, gaining 8.74% to close at $12.32 per share. This surge followed President Trump’s executive order allowing 401(k) plans to invest in digital assets, benefiting companies like RIOT in the booming crypto industry.

RIOT, a Bitcoin miner, stands to benefit from increased investor interest due to the new executive order. Analysts anticipate positive impacts on the crypto ecosystem as a whole. In July, RIOT mined 484 Bitcoins, up 8% from June and 31% year-on-year, with revenues totaling $54.8 million.

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Read more at Yahoo Finance: Riot (RIOT) Platforms Gets Boost From New EO