Riot Vs. MicroStrategy (Strategy) Vs. Block: One Bull, One Bear, One In The Balance Ahead Of Q1 Earnings

As earnings season heats up, three crypto-adjacent players — Riot Platforms Inc (NASDAQ:RIOT), MicroStrategy Inc (Strategy) (NASDAQ:MSTR), and Block Inc (NYSE:XYZ) — are stepping into the spotlight after the bell today. But heading into their first quarter earnings, the market has already picked its favorites — and its laggards.

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Let’s start with Riot stock, the pure-play Bitcoin (CRYPTO: BTC) miner that’s been feeling the heat. Despite a modest 4.91% bounce over the past month, Riot is still down more than 24% year-to-date and nearly 20% over the past year.

Technically, the picture isn’t pretty: the stock is trading below its 200-day simple moving averages (SMAs) and …

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