- 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