Coin mining is high risk but the results are also comparable, with that amount of money we can try to mine the coin and also as we invest for bitcoin and some alt-coin which have good prospects
I am not confident on mining but most of my Crypto Enthusiasts friends are setting up their mining rigs and they do get passive income but I don't really think they are earning a lot than earning on trading or buying altcoins and wait for their pumps.
My friends aren't yet getting their real earnings through mining but I do earn more on buying cheap coins and selling them when I already get high enough profits..
For me I should choose buying coins than mining because I am indeed earning more than mining.