Bitcoin mining company Riot's stocks are expected to rebound after a decline of 28.96% year-to-date. The company's shares have been on an upward trend ahead of its Q3 2024 earnings report, which is set to be released on October 30. Despite the overall decline, Riot's stock price has risen by 13.91% in the past year. The company is anticipating a loss of $0.16 per share with revenues of $95.35 million. The stock is currently trading at $10.87. There are signs of a possible turnaround, as Riot's shares are above their moving averages and its moving average convergence or divergence is positive. The stock is also in overbought territory, according to its Relative Strength Index. The rise in Riot's stock is attributed to similar increases in other crypto mining stocks. The company's previous Q2 2024 earnings report showed a decrease in revenue, but offset by an increase in Bitcoin mining revenue. Riot is a Bitcoin mining and digital infrastructure company with operations in Texas, Kentucky, and Colorado.



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