Riot Platforms Inc RIOT

Riot Platforms, Inc. is a Bitcoin mining and digital infrastructure company. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado. It operates a Bitcoin-driven infrastructure platform. Its segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment is engaged in Bitcoin mining activities. The Engineering segment designs and manufacturers power distribution equipment and custom engineered electrical products. The Engineering segment also provides electricity distribution product design, manufacturing, and installation services primarily focused on large-scale commercial and governmental customers and serves a broad scope of clients across a wide range of markets including data center, power generation, utility, water, industrial, and alternative energy. The Company’s total potential power capacity is two gigawatts.

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Riot Platforms Inc

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Post by QuantumTrade381on Nov 21, 2024 9:07am

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Post# 36323448

Risky trade

I’ll try to enter a short position at $13.07 with a stop above the $13.48 level. This is essentially a bearish imbalance. According to my strategy, I can capture 30% of the move here. Setting my take-profit at $9.

This is a risky trade.

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