Better Buy: Riot Platforms or CleanSpark?
In 2023, Bitcoin (CRYPTO: BTC) mining stocks have thus far been stellar performers, thanks primarily to the rapid appreciation in the price of the cryptocurrency. Riot Platforms (NASDAQ: RIOT), for example, is up 332% for the year. And CleanSpark (NASDAQ: CLSK), a smaller Bitcoin miner, is up 221%.
If you were only taking into account the events of this year, then Riot Platforms would be the obvious winner. Right now, the only thing that seems to matter in terms of valuation is the scale and scope of current Bitcoin mining operations. The rush is on to mine as much of the digital currency as possible.
But there are two looming events that could have a huge impact on how investors value these Bitcoin mining stocks.
Source Fool.com
