Riot Platforms Inc RIOT shares are trading higher by some 17.2% to $8.26 Friday afternoon. Shares of crypto-related stocks are trading higher amid recent, marked strength in cryptocurrencies.
- Bitcoin BTC/USD is trading higher by 36.14% to the $26,000-level over the trailing week
- Ethereum ETH/USD is higher by 25.95% to the $1,700-level over the past week
For the unitiated, Riot is focused on building, supporting and operating blockchain technologies.
Riot also operates as a Bitcoin mining company in North America. Because of this, the stock often moves in sympathy with the price of Bitcoin and the crypto sector.
According to data from Benzinga Pro, Riot Platforms has a 52-week high of $23.66 and a 52-week low of $3.25.
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