Bernstein: Riot Platforms is best suited to integrate the Bitcoin mining industry
ChainCatcher news, brokerage firm Bernstein stated in a research report on Tuesday that Riot Platforms (RIOT) is attempting to consolidate the most ambitious Bitcoin mining companies in the field, aiming to become the largest publicly traded mining company in the world. The report mentioned that the Colorado-based company has the financial capacity to consolidate the mining sector, as it is debt-free and has over $1.3 billion in cash and Bitcoin on its balance sheet.
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