5 Best Bitcoin Stocks To Invest In

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1. Riot Platforms, Inc. (NASDAQ:RIOT)

Number of Hedge Fund Holders: 17

Riot Platforms, Inc. (NASDAQ:RIOT) is a bitcoin mining company operating in North America. The company offers co-location services for institutional-scale bitcoin mining, providing critical infrastructure and workforce support for miners to deploy and operate their equipment. Riot Platforms, Inc. (NASDAQ:RIOT) was established in 1998 and is headquartered in Castle Rock, Colorado. It is one of the best bitcoin stocks to invest in. 

Riot Platforms, Inc. (NASDAQ:RIOT) reported a production of 552 bitcoins in November, marking a 21% increase from October and a 6% increase from the previous year. The average daily production was 18.4 bitcoins. The net proceeds from bitcoin sales reached $19.6 million for November, reflecting a 57% month-over-month increase and a substantial 142% increase compared to the same period last year. The deployed hash rate for November was recorded at 12.4 EH/s.

According to Insider Monkey’s third quarter database, 17 hedge funds were bullish on Riot Platforms, Inc. (NASDAQ:RIOT), compared to 18 funds in the last quarter. Israel Englander’s Millennium Management is a prominent stakeholder of the company, with 2 million shares worth $18.75 million. 

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