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home / news releases / NDTAF - Riot Blockchain: Capturing Bitcoin Share Lowering Power Cost Through Whinstone Purchase


NDTAF - Riot Blockchain: Capturing Bitcoin Share Lowering Power Cost Through Whinstone Purchase

  • Riot's new deal with Bitmain for 42k Antminers solidifies growth through 2022 despite the global chip shortage.
  • By December of this year, Riot should have approximately 2.3% of the Bitcoin network hash rate and be producing 20 bitcoins each day.
  • The Whinstone purchase vertically integrates Riot's ASIC hardware ownership with hosting capacity and low cost power access.
  • While from a market cap to hash rate comparison to other miners, Riot underperforms; from forward P/E and PEG ratio perspective, Riot appears undervalued versus the larger market.

For further details see:

Riot Blockchain: Capturing Bitcoin Share, Lowering Power Cost Through Whinstone Purchase
Stock Information

Company Name: Northern Data
Stock Symbol: NDTAF
Market: OTC

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