## RIOT Stock: Short Fundamentals, Recent News, and Disclaimer
**Fundamentals:**
* **Riot Platforms Inc. (RIOT):** A Bitcoin mining company that utilizes immersion cooling technology. * **Listed:** NASDAQ. * **Market Cap:** ~$3.6 billion (as of Feb 27, 2024). * **Business Model:** Generates revenue by mining Bitcoin and selling it on the open market. * **Key Metrics:** * Hashrate (computing power): ~4.9 exahashes per second (EH/s). * Bitcoin holdings: ~13,352 BTC (as of Dec 31, 2023).
**Recent News:**
* **Feb 22, 2024:** Riot Platforms reports full-year 2023 financial results, highlighting increased Bitcoin production and hashrate growth. * **Feb 5, 2024:** Company announces January 2024 production and operational updates, including exceeding monthly Bitcoin production targets. * **Jan 4, 2024:** Riot Platforms enters into a strategic partnership with Compass Mining for immersion cooling technology deployment.
**Disclaimer:**
* This information is for educational purposes only and should not be considered financial advice. * The cryptocurrency and stock markets are highly volatile and carry significant risks. * Do your own research before making any investment decisions.
**Additional Notes:**
* RIOT stock price is heavily influenced by the price of Bitcoin and broader market trends. * The recent news highlights the company's growth in mining capacity and production. * It's important to understand the risks involved in investing in volatile assets like RIOT stock.
I hope this information is helpful! Please let me know if you have any other questions.
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