The first four months of 2022 were challenging for the cryptocurrency industry. Bitcoin has struggled around the $40,000 level. It's therefore not surprising that Bitcoin mining stocks have also trended lower. For investors who are bullish on Bitcoin, the correction provides a good opportunity for exposure. Among Bitcoin miners, Riot Blockchain (RIOT) seems to be attractively valued. RIOT stock has plunged by almost 75% in the last 12 months. Besides the downtrend in Bitcoin, another key reason for the sharp sell-off is equity dilution. However, I believe that RIOT stock looks undervalued at current levels of $10.40.
https://www.tipranks.com/news/article/with-significant-growth-potential-riot-blockchain-seems-undervalued?utm_source=advfn.com&utm_medium=referral
Riot Blockchain (NASDAQ:RIOT)
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Riot Blockchain (NASDAQ:RIOT)
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From Aug 2021 to Aug 2022 Click Here for more Riot Blockchain Charts.