Jason Les, CEO of Riot Platforms, has expressed optimism about the impact of Bitcoin ETFs on the market. He points to a significant increase in the price of Bitcoin in recent months, which, despite some volatility caused by geopolitical tensions, the introduction of the ETF has seen Bitcoin rise to unprecedented levels.
The ETFs accumulated $27 billion in three months, corresponding to more than half a million Bitcoins.
In the long term, the group is focusing on reducing energy costs, a key factor in Bitcoin mining. In 2023, the company benefited from reduced costs, giving it an advantage in coping with economic changes.
To ensure the company's sustainability and competitiveness, Riot Platforms relies on strategic investments and optimal preparation for upcoming events in the cryptocurrency ecosystem.
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