Specific to Riot, the company is positioned for strong growth in mining capacity in the next few quarters. For May 2022, the company reported hashing capacity of 4.6EH/s. The company expects to ramp upcapacity to 12.6EH/sby January 2023.
Of course, revenue will be hit with Bitcoin struggling below $20,000. The company’s margin compression is also likely to be significant. However, Riot’s digital assets will swell in the coming quarters. Once there is a reversal in Bitcoin, the financial flexibility will be robust.$Riot Blockchain, Inc.(RIOT)$
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