RIOT Jan 2025 25.000 put
- Simply Wall St.
Shareholders May Be Wary Of Increasing Riot Platforms, Inc.'s (NASDAQ:RIOT) CEO Compensation Package
Key Insights Riot Platforms' Annual General Meeting to take place on 12th of June Total pay for CEO Jason Les includes...
- Business Wire
Riot Platforms, Inc. Reports Beneficial Ownership of 12% in Bitfarms Ltd.
CASTLE ROCK, Colo., June 05, 2024--Riot Platforms, Inc. ("Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues and Part 5 of Canadian National Instrument 62-104 – Take-Over Bids and Issuer Bids in respect of Bitfarms Ltd. (the "Company").
- Yahoo Finance Video
Bitcoin mining sector is 'sort of a scam': Kerrisdale Capital
Shares of Riot Platforms (RIOT) are moving lower after Kerrisdale Capital came out with a call to short the company's stock. Kerrisdale Capital CIO Sahm Adrangi joins Market Domination to explain the call. "I think our investment thesis is that this sector is just not going to be around in five years. Bitcoin mining is one of the stupidest business models we've come across in our time short-selling," Adrangi tells Yahoo Finance. He adds that looking behind the economics of all US bitcoin miners reveals they 'don't make money," but instead issue shares to pay themselves healthy stock compensation and buy more mining hardware. "We disagree with the characterization of the Bitcoin mining industry and of Riot, and the equally unsound conclusions reached in the Kerrisdale Capital report. We believe these errors will be demonstrated through the execution of our ambitious 2024 growth plans and resulting financial performance," a Riot spokesperson said in response to Kerrisdale's call. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
