Bitcoin miner Riot Platforms has seen a 43% drop in production following a halving event in April. Short-seller Kerrisdale Capital has taken a position against Riot Platforms, criticizing its business model. Despite this, Riot Platforms acquired a 12% stake in rival Bitfarms amid the shorting pressure.
Riot Stock Shrugs Off Short Seller's 'War Against Bitcoin Miners' ► https://t.co/BYE0Bj1cIA https://t.co/BYE0Bj1cIA
Colorado-headquartered crypto mining company Riot Platforms has acquired ownership of a 12% stake in rival Bitfarms despite shorting pressure from Kerrisdale Capital https://t.co/jDew2HeGL0
Kerrisdale Capital shorts Riot stock amid complaints about miner’s safety hazards, China imports https://t.co/CQEy7rX6X9
Riot Platforms $RIOT stock slides after Kerrisdale Capital reveals short position https://t.co/9LQ10RZGcx https://t.co/WU3MnICKtb
JUST IN: KERRISDALE CAPITAL SHORTS #BITCOIN MINER RIOT PLATFORMS - "EASILY AMONG THE WORST BUSINESS MODELS FOR A PUBLIC COMPANY WE HAVE EVER ENCOUNTERED"
Short seller hits Riot Platforms, says US bitcoin miners are 'competing in a global race they cannot win' https://t.co/zNpody01RT
Bitcoin miner @RiotPlatforms shares fell on Wednesday after short-seller @KerrisdaleCap is shorting the miner. by @ Aoyon_A https://t.co/pwq6wboAhi
JUST IN: #BITCOIN MINER RIOT PLATFORMS' $BTC PRODUCTION FALLS 43% FOLLOWING HALVING EVENT IN APRIL