Riot's Fundamentals Are Deteri-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Riot's Fundamentals Are Deteriorating, On Top Of All The Stock Selling By Executives/Insiders — Last Week… YIKES! $Riot Blockchain, Inc.(RIOT)$

The continued decline in average price realized per sold coin was a pure function of the seemingly never ending Ice Age in Bitcoin, but the notion that Riot continues to rely heavily on both subsidies from ERCOT contracted-for future power credits ($2.4 million last month, up from $2.1 million in the same month a year ago)… and selling almost 90% of everything it mines in a month… is CRAZY.

All while losing over half a billion on a GAAP basis, in the prior year.

This company is still bleeding cash — profusely, and is selling its own stock into the market, along with its executives (and founding acquisition / partners)… bailing out, in multi-multi-million dollar paydays.

All in all — nothing speaks of any kind of positive catalyst, here — macro- or local.

Bitcoin is flirting with a $25K-something spot price handle — again. The Ice Age is in no manner in retreat.

D A M N.

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

We need your insight to fill this gap

Leave a comment

2

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":191802210857056,"tweetId":"191802210857056","gmtCreate":1687854996954,"gmtModify":1687855176805,"author":{"id":9000000000000187,"idStr":"9000000000000187","authorId":9000000000000187,"authorIdStr":"9000000000000187","name":"dimzy5","avatar":"https://static.tigerbbs.com/c05637de10fca666e37d2c570e52012a","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":68,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Riot's Fundamentals Are Deteriorating, On Top Of All The Stock Selling By Executives/Insiders — Last Week… YIKES! <a data-mention-id=\"RIOT\" class=\"teditor-mention\" data-mention-name=\"Riot Blockchain, Inc.\" href=\"https://ttm.financial/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a> </p><p>The continued decline in average price realized per sold coin was a pure function of the seemingly never ending Ice Age in Bitcoin, but the notion that Riot continues to rely heavily on both subsidies from ERCOT contracted-for future power credits ($2.4 million last month, up from $2.1 million in the same month a year ago)… and selling almost 90% of everything it mines in a month… is CRAZY.</p><p>All while losing over half a billion on a GAAP basis, in the prior year.</p><p>This company is still bleeding cash — profusely, and is selling its own stock into the market, along with its executives (and founding acquisition / partners)… bailing out, in multi-multi-million dollar paydays.</p><p>All in all — nothing speaks of any kind of positive catalyst, here — macro- or local.</p><p>Bitcoin is flirting with a $25K-something spot price handle — again. The Ice Age is in no manner in retreat.</p><p>D A M N.</p></body></html>","htmlText":"<html><head></head><body><p>Riot's Fundamentals Are Deteriorating, On Top Of All The Stock Selling By Executives/Insiders — Last Week… YIKES! <a data-mention-id=\"RIOT\" class=\"teditor-mention\" data-mention-name=\"Riot Blockchain, Inc.\" href=\"https://ttm.financial/S/RIOT\">$Riot Blockchain, Inc.(RIOT)$</a> </p><p>The continued decline in average price realized per sold coin was a pure function of the seemingly never ending Ice Age in Bitcoin, but the notion that Riot continues to rely heavily on both subsidies from ERCOT contracted-for future power credits ($2.4 million last month, up from $2.1 million in the same month a year ago)… and selling almost 90% of everything it mines in a month… is CRAZY.</p><p>All while losing over half a billion on a GAAP basis, in the prior year.</p><p>This company is still bleeding cash — profusely, and is selling its own stock into the market, along with its executives (and founding acquisition / partners)… bailing out, in multi-multi-million dollar paydays.</p><p>All in all — nothing speaks of any kind of positive catalyst, here — macro- or local.</p><p>Bitcoin is flirting with a $25K-something spot price handle — again. The Ice Age is in no manner in retreat.</p><p>D A M N.</p></body></html>","text":"Riot's Fundamentals Are Deteriorating, On Top Of All The Stock Selling By Executives/Insiders — Last Week… YIKES! $Riot Blockchain, Inc.(RIOT)$ The continued decline in average price realized per sold coin was a pure function of the seemingly never ending Ice Age in Bitcoin, but the notion that Riot continues to rely heavily on both subsidies from ERCOT contracted-for future power credits ($2.4 million last month, up from $2.1 million in the same month a year ago)… and selling almost 90% of everything it mines in a month… is CRAZY. All while losing over half a billion on a GAAP basis, in the prior year. This company is still bleeding cash — profusely, and is selling its own stock into the market, along with its executives (and founding acquisition / partners)… bailing out, in multi-multi-million dollar paydays. All in all — nothing speaks of any kind of positive catalyst, here — macro- or local. Bitcoin is flirting with a $25K-something spot price handle — again. The Ice Age is in no manner in retreat. D A M N.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/191802210857056","repostId":0,"isVote":1,"tweetType":1,"viewCount":187,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["RIOT"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":850,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/191802210857056"}