Jim Cramer on Riot Platforms: “That’s Just Too Dicey for Me”

Riot Platforms, Inc. (NASDAQ:RIOT) is one of the stocks highlighted by Jim Cramer in the lightning round. During the lightning round, a caller inquired about the stock, and Cramer stated:

“No, see, that’s, again, I mean that’s just too dicey for me. I know in the end, I don’t look like, I may look like a radical, but I’m not when it comes to money, except for when it comes to orientation and not just doing S&P funds, but also doing individual stocks.”

Jim Cramer on Riot Platforms: "That’s Just Too Dicey for Me"

Photo by bitcoin executium on Unsplash

Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining company that also provides infrastructure, power distribution equipment, and custom electrical solutions for large-scale applications. When a caller inquired about the stock in a July episode, Cramer responded:

“You know, I have been a believer. I actually had… a very big debate this weekend about whether you should just own Bitcoin, or you should own Riot Platforms, or own Strategy. And I still come back to say own Bitcoin. I don’t need leverage. I don’t need trickiness. It’s like I prefer gold to the gold miners. It really is the same thing. Own Bitcoin.”

While we acknowledge the risk and potential of RIOT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RIOT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.