Kerrisdale Capital Hits Riot Platforms With Short Sell Report: Details [Yahoo! Finance]
Riot Platforms, Inc. (RIOT)
Last riot platforms, inc. earnings: 8/8 04:30 pm
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US:NASDAQ Investor Relations:
ir.riotblockchain.com
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Source: Yahoo! Finance
Adrangi expressed a bear view on Riot Platforms, a $3 billion Bitcoin (CRYPTO: BTC ) miner that excels more in energy arbitrage and stock issuance than in generating shareholder value through crypto mining. According to the analyst, Bitcoin mining is one of the worst business models for a public company due to unpredictable revenue, high capital requirements, fierce competition, the commodity nature of the product, and increasing regulatory scrutiny, even in crypto-friendly places like Texas, where Riot operates. Benzinga has emailed Riot Blockchain for comments on the short report. Also Read: Riot Platforms May Over Power Marathon Digital As Largest Publicly Traded Bitcoin Miner – Analyst Explains How Given these drawbacks, it is unsurprising that Riot has never produced positive cash flow or a decent return, he flagged. However, it is surprising that Riot's shareholders tolerate excessive management compensation and frequent dilution. Riot has issued over $507 million i
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RIOT
News
- Riot Requisitions Special Meeting of Bitfarms Shareholders and Nominates Three Highly Qualified, Independent Directors to Bring Urgently Needed Change to Bitfarms BoardBusiness Wire
- Is Riot Blockchain a No-Brainer Buy After the Bitcoin Halving? [Yahoo! Finance]Yahoo! Finance
- Riot Platforms, Inc. Reports Beneficial Ownership of 14% in Bitfarms Ltd.Business Wire
- Riot Comments on Bitfarms’ Adoption of Shareholder-Unfriendly Poison PillBusiness Wire
- Riot Announces May 2024 Production and Operations UpdatesGlobeNewswire
RIOT
Earnings
- 5/1/24 - Beat
RIOT
Sec Filings
- 6/24/24 - Form 8-K
- 6/18/24 - Form 8-K
- 6/13/24 - Form 8-K
- RIOT's page on the SEC website