$Riot Blockchain, Inc.(RIOT)$ The smallish good news here, is that it averaged $29,333 per coin, on the 600 coins it had to sell to keep the shop running — but as the article indicates, that’s 8% fewer mined overall, than last month.
The bad news is… it is bleeding cash, even when it (as now) generates revenue of ~ $17 million in a month. Its cash burn now nearly doubles that on a month to month basis, according to my models.
US Stocks Opportunities
Here are a theme that collects the best quality or your most bullish US stocks, Share your thoughts here!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments