@mcnees tbh that's not the half of it... the co. the economist discusses is #RiotPlatforms FKA #RiotBlockchain FKA "Bioptix" (that last one may give you an idea where this is going).
#RIOT has been on the radar of sceptical short sellers for a long time & it's not bc they managed to find a way to get paid for not processing #bitcoin txns (some call it "mining"). for instance here's a #HindenburgResearch short report from 2018 (!) about Riot's shady af accounting:
https://hindenburgresearch.com/riot-blockchain-yet-another-suspicious-cash-depleting-transaction/
Other fun facts:
1. CEO's only listed work experience is ~10 yrs as a professional poker player
2. In the last 5 years the # of RIOT shares in existence has gone up over 1,250%. so they diluted 92% of their shareholders' equity (+ they're showing no signs of slowing down)
3. they tried to pay their execs ~$90 mil/yr when the the whole company was worth $400-500 mil
4. they're in a LOT of debt (from where???)
5. the ASICs they buy from China seem to mysteriously either not get turned on or not exist
@web3isgreat not the only #bitcoinmining company to find itself entangled in a lawsuit about fraud... #Riot / #RiotBlockchain also got itself so embroiled.
https://medianista.com/chad_harris_ashton_harris_fraud/
#crypto #cryptocurrency #bitcoinminer #whinstone
#RiotBlockchain (FKA "Bioptix" before it metamorphosed from a biotech scam into a #cryptocurrency scam) filed a non-timely notice with the #SEC stating that it would have to restate all of it's earnings back to 2020 and (unlike #MARA) it admitted that the changes would be "material" to the amount of income it reported.
Total ₿1,667,844 (7.94%)
Value $91,184,867,951(1.5⨉)
$MSTR ▲2⨉
$TSLA ▲1.58⨉
$SQ ▲2⨉
$MARA ▲2.1⨉
$HUT ▲6.2⨉
$BITF ▲6.7⨉
$RIOT ▲8.6⨉
@Seetee_io ▲1.1⨉
$HODL ▲3⨉
$BIGG ▲6⨉
https://twitter.com/BTCtreasuries/status/1446466313325514758
--
src http://BitcoinTreasuries.NET by @nvk
On #Fedi, follow @BTCtreasuries
#Bitcoin 
#BTC #Corporate #Treasury #CorporateTreasury #BTCTreasuries #BitcoinTreasuries #Macrostrategy #Tesla #Square #MarathonDigital #Hut8Mining #BitfarmsLimited #RiotBlockchain #MSTR
Total ₿1,667,884(7.94%)
Value $74,883,165,401 (1.4⨉)
$MSTR ▲1.6x + 5,050 BTC
$TSLA ▲1.29x
$SQ ▲1.6x
$MARA ▲1.5x
$HUT ▲4.8x
$BITF ▲5.6x
$RIOT ▲7.1x
@Seetee_io 0.9x
🇸🇻 @ 550 BTC (.003%)
https://twitter.com/BTCtreasuries/status/1437393332762722304
--
src http://BitcoinTreasuries.NET by @nvk
On #Fedi, follow @BTCtreasuries
#Bitcoin #BTC #Corporate #Treasury #CorporateTreasury #BTCTreasuries #BitcoinTreasuries #Macrostrategy #Tesla #Square #MarathonDigital #Hut8Mining #BitfarmsLimited #RiotBlockchain #MSTR
Updates:
Total ₿1,651,245 (7.88%)
Value $75,191,603,125
$MSTR ▲1.7x
$TSLA ▲1.3x
$SQ ▲1.7x
$MARA ▲1.5x
Hut-8 ▲4.1x
$BITF ▲4.5x
$RIOT ▲7.2x
VYGR ▲7.1x
@Seetee_io
0.9x
https://twitter.com/BTCtreasuries/status/1424697778723299333
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#Bitcoin #BTC #Corporate #Treasury #CorporateTreasury #BTCTreasuries #BitcoinTreasuries #Macrostrategy #Square #MarathonDigital #Hut8Mining #BitfarmsLimited #RiotBlockchain #VoyagerDigital #SeeTee
Bitcoin mining firm Riot Blockchain to acquire rival Whinstone for $651 million
""Riot will wholly own the largest Bitcoin mining facility in North America, with very low power costs."
"Whinstone currently has a capacity of 300 MW (megawatts), and Riot said it can be "rapidly" expanded by an additional 450 MW."
#Bitcoin #Miner #BitcoinMiner #Mining #BitcoinMining #Hashrate #SHA256 #ASIC #RiotBlockchain #Whinstone #NorthernData #RIOT #TheBlock #TheBlockCrypto
Riot Blockchain kupuje 42,000 Antminerów od Bitmain
Firma zajmująca się wydobyciem kryptowalut Riot Blockchain, rozszerzyła swoją flotę i zdolności wydobywcze. Spółka złożyła kolejne zamówienie, tym razem na 42 000 Antminerów S19j od Bitmain.
Dyrektor operacyjny Riot, Megan Brooks, powiedziała, że najnowsze zamówienie pozycj
https://www.kryptoporadnik.pl/riot-blockchain-kupuje-42000-antminerow-od-bitmain/
#Kopaniekryptowalut #Wiadomości #Kopanie #kryptowaluty #mining #RiotBlockchain
Why a bet on bitcoin miners may come with a bigger risk than bitcoin
"Leeor Shimron, vice president of digital asset strategy at Fundstrat, looks at the top four bitcoin mining companies and what’s behind their latest surge."
#Bitcoin #Miner #BitcoinMiner #Mining #BitcoinMining #Hashrate #ASIC #PublicTrading #Equities #LeeorShimron #Marathon #MarathonDigital #MarathonDigitalHoldings #MARA #RiotBlockchain #RIOT #Hut8Mining #Hut8 #HUTMF #HiveBlockchain #HVBTF
The bull run for bitcoin is impacting bitcoin miners. The last 12 months have seen bigger gains for bitcoin mining companies than bitcoin itself. Leeor Shimron, vice president of digital asset strategy at Fundstrat, looks at the top four bitcoin mining companies and what's behind their latest surge.
⚯ Michel de Cryptadamus ⚯
heise online (inoffiziell)
Cointastical ☑️
BTCMiner ☑️
Kryptowaluty i blockchain