![]() Recently, the company signed an agreement with General Motors (NYSE: GM) for joint development of the U.S. ![]() has an after tax-net present value of $4.95 billion. To put things into perspective, the company’s Thacker Pass project in the U.S. At a current market valuation of $3.5 billion, the stock looks significantly undervalued. Lithium Americas (NYSE: LAC) is among the best millionaire-maker stocks to buy. Lithium companies are positioned to benefit from higher demand and better price realization. With expectation of acute shortage of lithium in the coming decade, the metal is an attractive investment theme. With zero debt and $255 million in cash, Riot is also positioned to invest aggressively in the next leg of expansion. ![]() Assuming a bullish outlook for cryptocurrencies, Riot is positioned to deliver healthy cash flows. With Bitcoin gradually trending higher, the low-cost miner is positioned to benefit. It’s also worth noting that for the first nine months of 2022, Riot reported gross margin of 65.4%. With sustained growth in capacity, digital assets in the company’s balance sheet will swell. The company expects to boost capacity to 12.5EH/s in the first half of the year. Further, Riot reported a hashing capacity of 9.3EH/s. On a year-on-year basis, production increased by 62%. 2023, Riot reported production of 740 Bitcoin. The Bitcoin ( BTC-USD) mining company looks attractive for several reasons. Riot Platforms (NASDAQ: RIOT) looks undervalued at current levels of $5.51. If recovery sustains, there are potential multibagger crypto stocks to buy. There finally seems to be some revival among cryptocurrencies.
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