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Barchart
Sristi Suman Jayaswal

This Bitcoin Mining Stock Just Got a New Street-High Price Target. Should You Buy It Here?

Bitcoin’s (BTCUSD) rally has lit a fresh fire under crypto mining stocks on Sept. 24. With prices cruising past $113,000, the catalysts are stacking up—looser monetary policy, ETF inflows, and corporate adoption fueling the charge. Beyond crypto, the overlap between mining infrastructure and the booming demand for artificial intelligence (AI) computing opens up a longer-term runway for companies in the space.

Riot Platforms (RIOT) sits at the center of this trend. As one of the largest U.S.-based miners, Riot is not just crunching hashes. As a vertically integrated Bitcoin miner, Riot is building, supporting, and operating blockchain infrastructure, ramping up its capacity for the next phase of growth.

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