Riot Platforms: 2023 Returns Might Be Limited

Riot Platforms: 2023 Returns Might Be Limited


Seeking Alpha
2023-03-14 04:58:34

Summary Riot Platforms recorded positive cash from operations of $1.3 million for its last reported fiscal 2022 fourth quarter. The miner will face headwinds this year from the inflation and Fed funds rate dynamic. Long-term Bitcoin catalysts look limited as the Bitcoin institutional ecosystem is collapsing.