A pullback before the sharp rise?

$Riot Platforms(RIOT.US)$ Riot also continues to invest in increasing its self-mining hash rate capacity. For example, the company currently has 11.7 EH/s mining capacity deployed. But with its new 400 MW Corsicana facility in service, Riot aims to reach 31 EH/s by the end of 2024. Additionally, once the Corsicana facility is fully built, Riot anticipates a capacity of over 40 EH/s.

Additionally, Riot recently proposed to buy rival Bitcoin miner Bitfarms (NASDAQ: BITF) for $950 million. If the deal goes smoothly, the acquisition will create the world's largest publicly traded Bitcoin mining company.