Buy Hut 8 Mining Instead Of Riot Blockchain
hive-167922·@rollandthomas·
0.000 HBDBuy Hut 8 Mining Instead Of Riot Blockchain
<center></center> Riot Blockchain, Inc., together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem. It is involved in digital currency mining operation, which utilizes specialized computers that generate digital currency primarily bitcoin. Three years ago, Riot’s name was Bioptix and was in the veterinary products patent and developing new ways to test for disease business. But the company took advantage of the crypto hype and bubble in 2017 by changing their name to Riot Blockchain, which saw its stock price jump from $8 and $40 really quickly. But this time is really different and it doesn’t just apply to Bitcoin. Back in December, Riot announced the purchase and future deployment of 15,000 S19 Pro and S19j Pro Antminers from Bitmain Technologies Limited. The new miners will be delivered and deployed later this year and is expected to increase Riot’s estimated bitcoin mining hash rate from the previously announced 2.3 EH/s to 3.8 EH/s. And I would say the retail investor has taken notice as the price has just skyrocketed higher than a SpaceX rocket. https://www.youtube.com/watch?v=fSMT8N8ML8I Video Source: https://www.youtube.com/c/CNBCtelevision/videos Riot was $8 in December and now trades near $60 now. This is what concerns me as Raoul Pal put it, we are in a "everything bubble."  But because bubbles can become large bubbles, you continue to invest, until the bubble pops. So don't why Riot, buy Hut 8 Mining. Hut 8 Mining operates as a cryptocurrency mining company in Canada. Hut 8 is more reasonably priced, does what Riot does, but also has more than double the amount of Bitcoin on it books than Riot. A great entry would be a pull back to the weekly demand at $4.  This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/hive-167922/@rollandthomas/buy-hut-8-mining-instead-of-riot-blockchain)
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