ASPENBIO WKN: A2H51D ISIN: US7672921050 Kürzel: RIOT Forum: Aktien Thema: Hauptdiskussion

Short-Squeeze Stocks: Riot Platforms (RIOT) In my view, Riot Platforms (NASDAQ:RIOT) is the most undervalued Bitcoin (BTC-USD) miner. RIOT stock trades at a forward P/E of 13.4 after a 20% correction in the last 12 months. With a valuation gap, strong fundamentals, a robust growth outlook and a high short interest, the Bitcoin miner is poised to go ballistic. Riot Platforms often appear among memes and speculative stock ideas. However, the company has strong fundamentals. As of Q1 2024, Riot had a zero-debt balance sheet and a cash buffer of $1.3 billion (including the value of digital assets). Further, the company has ambitious growth plans for the next few years. As of Q1 2024, Riot reported a hash rate capacity of 12.5EH/s. Riot is planning to increase capacity to 31.5EH/s by the end of the year and to 100EH/s by 2027. Therefore, there is clear visibility for robust revenue, EBITDA and cash flow upside. If the execution is good and Bitcoin remains in an uptrend, RIOT stock will likely zoom higher in the coming quarters. 😉