Bitcoin mining company Riot Platforms, Inc.’s (RIOT) shares have skyrocketed, with cryptocurrency gaining mainstream attention and investors flock for exposure. However, RIOT is prone to bouts of volatility due to its correlation with the highly risky assets.
RIOT has been on a mining spree, delivering strong monthly results this year. It produced 639 bitcoins in April, an increase of 25.8% year-over-year, despite a competitive bitcoin mining environment.
