$Riot Platforms(RIOT)$ Riot was at $73 while bitcoin was at $48,696 on February 15, 2021. This was RIOT's all time high. So yeah, it's very disconnected from bitcoin when it really shouldn't be. If Bitcoin goes up, RIOT in theory should also rise. The reason it doesn't is because the management has been dilluting shares for more "mining equipment" and paying themselves exorbiant salaries and bonuses. Shareholders have not seen any benefits yet from those investments, which in my opinion seem overpriced and makes me suspicious of whether that's where the money is going. Are they pork project investments? I can tell you however that a BIG portion of the company's revenue is going to the CEO and BOD in the form of compensation, bonuses, and salaries.
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