I think RIOT is one of the more undervalued mining stocks for many reasons. Their HODL balance is over 9000 now, their new Corsicana facility is coming online as we speak and has already been energized. New miners replacing the outdated less efficient ones.
The largest overhang is the share dilution over the years to scale things up however, this company has very little to no debt and very strong cash & equivalents, are planning to scale to 100 EH/S, with their goal being north of 30 by the end of this year (around 3x more EH/S).
With an increasing BTC HODL balance, and an expectation of 100,000$ BTC in the near future, one could estimate at least a 5-6x boost in the share price here. (3x growth multiplied by BTC price increase + HODL balance increasing in value).
I think end of this month and into next will see consistent upwards price action.
Targeting 100-125$ by 2025.
The largest overhang is the share dilution over the years to scale things up however, this company has very little to no debt and very strong cash & equivalents, are planning to scale to 100 EH/S, with their goal being north of 30 by the end of this year (around 3x more EH/S).
With an increasing BTC HODL balance, and an expectation of 100,000$ BTC in the near future, one could estimate at least a 5-6x boost in the share price here. (3x growth multiplied by BTC price increase + HODL balance increasing in value).
I think end of this month and into next will see consistent upwards price action.
Targeting 100-125$ by 2025.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.