2024-04-23 10:00:54 ET
Summary
- Riot Platforms' aggressive expansion and investments in advanced mining infrastructure position them as a major player in the Bitcoin market.
- Shareholders face heavy dilution due to frequent public offerings of stock to raise necessary capital.
- The post-halving landscape presents challenges for miners, and Riot Platforms' profitability remains uncertain.
Investment Thesis
I believe as Riot Platforms ( RIOT ) navigates the post-halving landscape of Bitcoin now that the halving occurred last weekend, their aggressive expansion and significant investments in advanced mining infrastructure position them as a major player poised to capitalize on potential market upturns. However, I think this expansion is turning out to be expensive and shareholders have to contend with heavy dilution....
Read the full article on Seeking Alpha
For further details see:
Riot Platforms: Inefficient Post Halving