Why Riot Platforms, Inc. (RIOT) Soared On Thursday
From Yahoo Finance: 2025-05-01 20:12:00
On Thursday, the stock market rallied with the Nasdaq leading at 1.52%, S&P 500 at 0.63%, and Dow Jones at 0.21%. Ten top-performing companies saw gains after impressive Q1 earnings and optimistic outlooks for the year.
Riot Platforms, Inc. (RIOT) ended a losing streak, jumping 7.32% to $7.77 after reporting mixed Q1 earnings. Despite a $296 million net loss, revenues doubled to $161.4 million, driven by a $71.5 million increase in Bitcoin mining revenue.
As of March, RIOT produced 1,530 Bitcoins, up from 1,364 last year. Ranked 8th on the top performer list, RIOT shows potential for investment, but AI stocks may offer higher returns in a shorter timeframe. One AI stock has already risen in 2025, unlike popular AI stocks which have dropped by 25%.
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