From NASDAQ Stock Market:

1. Cryptocurrency mining company Riot Platforms (NASDAQ: RIOT) saw a 356.3% increase in share value in 2023. The company experienced significant growth due to the surge in Bitcoin and favorable stock market conditions.
2. Riot saw a major increase in stock value in late June after a $163 million purchase of new mining equipment, improving its Bitcoin mining capabilities.
3. Riot Platforms had a productive year in 2023, mining over 6,600 Bitcoins and holding over 7,000 on its balance sheet.
4. Bitcoin is expected to reach its next “halving” in April 2024, historically leading to an increase in the cryptocurrency’s price.
5. Investors may find Riot Platforms a complicated stock to own due to the significant share dilution that has occurred in recent years.
6. The Motley Fool does not recommend investing in Riot Platforms, instead identifying other top stocks for potential monster returns.



Read more: Why Riot Platforms Stock Was Up a Spectacular 356% Last Year