The Bitcoin (CRYPTO: BTC) halving event took place in April, as expected. Bitcoin miners now get half the rewards for the same amount of work. Are mining specialists like Riot Platforms (NASDAQ: RIOT) facing insurmountable economic challenges now, or are they poised to skyrocket on the back of a soaring Bitcoin price? Or does the truth lie somewhere in between?

Let's take a closer look at Riot Platforms to see what's up.

This isn't Riot's first halving rodeo. The company used to pursue veterinary medicine patents, but acquired a small Bitcoin miner in 2017 and changed its focus to blockchain operations the next year. Two years later, on May 11, 2020, the third Bitcoin halving took place.

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Source Fool.com