UPDATE: Roth Capital Starts Riot Blockchain (RIOT) at Buy

Roth Capital analyst Darren Aftahi initiates coverage on Riot Blockchain (NASDAQ: RIOT) with a Buy rating and a price target of $55.00.

The analyst comments "We initiate coverage with a Buy and view RIOT as an equity-based way to gain exposure to the quickly expanding Bitcoin mining and infrastructure market. RIOT’s acquisition of Whinstone, we believe, is a game-changer, enabling it to nearly double its capacity (end of FY22) with perhaps optionality for more. Its increased capacity, strong capital position, and ability to scale quickly with owned-and-operated infrastructure for both self-mining and third-party hosting, offer investors a compelling investment thesis."

For an analyst ratings summary and ratings history on Riot Blockchain click here. For more ratings news on Riot Blockchain click here.

Shares of Riot Blockchain closed at $32.91 yesterday.

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