Riot Platforms Stock Falls 14% Today: Factors Behind the Dramatic Decline Explained
Riot Platforms (NASDAQ: RIOT) saw its stock price drop by 14% on the first trading day of the week, largely due to a decline in Bitcoin (CRYPTO: BTC) prices and the announcement of a new $500 million capital-raising plan. This plan involves issuing convertible senior notes, which Riot intends to use for acquiring more Bitcoin ...