Why Riot Platforms (RIOT) stock is jumping today as Bitcoin rebounds
Riot Platforms shares surged 11.3% to $14.11 in midday trading Friday, tracking a 2.5% rise in bitcoin to $90,482. The company recently disclosed a $500 million at-the-market share-sale program, raising investor concerns about potential dilution. Other bitcoin miners also posted strong gains. Traders are watching for further updates on Riot’s stock sales and bitcoin’s price direction.