Crypto’s Next Leg? Watch the Lagging Miners: $RIOT & $HUT 🚀

AfraSimon
08-24

👋 Ok folks, here’s a small crypto thesis.

Crypto rallies often follow a familiar sequence:

$BTC + $ETH → $Robinhood(HOOD)$ + $Coinbase Global, Inc.(COIN)$ → $Strategy(MSTR)$ + $Hyperliquid Strategies Inc(PURR)$ → miners

Last week, 3 of the 4 groups ripped higher. The miners, however, largely haven’t participated yet.

That’s what makes $Riot Platforms(RIOT)$ and $Hut 8 Mining Corp(HUT)$ interesting.

⛏️ Both are showing unusually strong volume, while their exposure now extends beyond Bitcoin mining into data-center infrastructure—giving them potential exposure to two powerful themes: crypto + AI infrastructure.

The setup is essentially:

Bitcoin is running → look for lagging, high-beta beneficiaries.

🎯 $RIOT: Entry around $19.83
🛑 Risk: Daily close below $19
🚀 Upside: $30+, potentially a ~50% move
⏳ Time frame: Multi-week

The key is that the miners are still lagging. If capital rotates into the final leg of the crypto trade, $RIOT and $HUT could have plenty of room to catch up.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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