Riot Platforms RIOT Surges 4.97 as $670M Volume Ranks 159th Amid Bitcoin Mining Overhaul and Debt Repayment

. 15, , ranking 159th in market activity among U.S. equities. The move followed a strategic shift in its Bitcoin mining operations, including the retirement of older hardware to optimize energy efficiency and the deployment of new S19j Pro miners in Texas. , reducing leverage as part of its capital structure management.

, driven by the phase-out of S9 and S17 models. Management emphasized a focus on , . .

To run this back-test rigorously I need to pin down a few practical details that are not explicit in your request. Once we settle these I can pull the data and run the test automatically. Universe • Should I use all U.S. common stocks (≈ 3,000 names) or a different universe (e.g., NYSE + NASDAQ, S&P 500, etc.)? Ranking method • Rank by today’s dollar volume (shares × close) and enter at today’s close, or rank by yesterday’s volume and enter at today’s next-day open/close? Transaction assumptions • Default is 1 bp (0.01 %) per side for commissions & slippage. Acceptable? Position sizing • Equal-weight across the 500 names each day (implicit if not specified). Benchmarks / performance metrics • Any particular benchmark you’d like plotted alongside the strategy (e.g., SPY)? If the above defaults are acceptable (all U.S. common stocks, rank on same-day volume, buy at that day’s close, sell next day’s close, 1 bp per side, equal-weight), just let me know and I’ll run the full back-test from 2022-01-03 through today.