cutieee
2023-06-04

$Riot Blockchain, Inc.(RIOT)$ 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.

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