Macquarie last night initiated coverage of Riot Platforms with an Outperform rating and $15 price target. Riot continues to “drive massive scale” as a pure-play, vertically integrated bitcoin miner, managing infrastructure, power, computing, and cooling technology. Riot’s sites are some of the most scaled, yielding operational efficiencies once fully built out, while advancing bespoke cooling infrastructure, the analyst tells investors in a research note.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on RIOT:

• Riot Platforms initiated with an Outperform at Macquarie

• Harris vowed to help grow investment in AI, crypto if elected, Bloomberg says

• Bitfarms pact with Riot ‘lifts important overhang,’ says H.C. Wainwright

• Riot Platforms, Bitfarms enter settlement agreement

• Crypto Currents: CleanSpark acquires two bitcoin mining sites in Mississippi