11 Firms Under Tech, Energy, Aviation Lead Friday Rally

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5. Riot Platforms Inc. (NASDAQ:RIOT)

Shares of Riot Platforms grew 17.97 percent on Friday, adding 1.88 points to finish at $12.34 apiece following news that Bitcoin broke past the $97,000 mark. Riot—a Bitcoin mining company—recently bought worth $510 million of the cryptocurrency last month, bringing its total ownership in Bitcoin to $1.8 billion as of December 16.

In other news, Defiance ETFs unveiled the first 2X long ETF. Called RIOX, it seeks to provide 200 percent long daily targeted exposure to Riot Platforms and provide leveraged exposure to disruptive companies without the need for a margin account.

“RIOX offers investors a unique opportunity to amplify their exposure to the rapidly evolving blockchain and cryptocurrency mining sector. Riot Platforms has positioned itself as a leader in Bitcoin mining, not only by capitalizing on the growing demand for decentralized digital assets and infrastructure but also by strategically adding Bitcoin to its balance sheet…further reinforcing its commitment to the crypto ecosystem,” said Defiance ETF CEO Sylvia Jablonski.

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