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.”

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.”

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