The global blockchain market is expected to touch $163.83 billion by 2029 from $7.18 billion in 2022. This multi-fold expansion could bring many growth opportunities for RIOT stock and its investors.
The global blockchain market is expected to grow at a compounded annual growth rate of 56.3% over the next seven years to reach $163.83 billion by 2029 from $7.18 billion in 2022, according to a report by Fortune Business Insights. The market was valued at $4.67 billion last year. Riot Blockchain Inc. (NASDAQ:RIOT), which has lost 81.5% over the past year, is one stock that stands to benefit from this opportunity, which will primarily be driven by blockchain technology’s ability to provide open access to data.
What Does Riot Blockchain Do?
Headquartered in Colorado, Riot Blockchain offers industrial-scale digital infrastructure. The company is also engaged in Bitcoin mining, with operations and a mining data center in central Texas. Additionally, it has electrical switchgear engineering...
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