Just the beginning. Riot took more market share of the hash rate as older mining equipment around the world has to shut down. Small little players can’t keep up. Riot is positioning itself to be the most efficient player by far. Only two locations to manage. No debt. Cheap energy in Texas. They get paid millions by the state to curtail mining on the fly for brief periods when energy needs are spiking. That is why the cost to mine is so cheap. They’re here for the long haul. Win win. Someone will definitely pay big money to buy them out if bitcoin keeps going higher.
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.
