The stock price of Riot Platforms, Inc. (RIOT) experienced a significant rise, driven by multiple factors. Firstly, the company's strong potential for growth and profitability, as highlighted by investment articles such as '3 Stocks With Serious Potential to Make You a Millionaire' and '3 Stocks Under $10 Poised to Double by the End of 2024', has instilled confidence among investors. This is further reinforced by the endorsement of Riot Platforms, Inc. as an undervalued stock with multibagger returns potential in '3 Deeply Undervalued Growth Stocks to Buy for Multibagger Returns: February 2024'. Moreover, the bullish cross above the critical moving average and notable option activity in the stock add to the positive sentiment and momentum in the market. Overall, the combination of optimistic market outlook, potential for robust growth, and positive technical indicators has contributed to the surge in the stock price of Riot Platforms, Inc.