Bitcoin has been a lucrative asset for early investors, but its volatility has increased since 2021, leading many to turn to bitcoin mining. However, mining is becoming unprofitable due to rising competition and the need for constant capital investment and energy consumption. Riot Platforms, a bitcoin miner, has struggled to make profits and faces challenges from global competitors. Its shares have performed poorly and are predicted to continue falling, making them a candidate for short-selling at the current price of $7.20 with a stop loss at $12.
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