$Riot Platforms(RIOT)$ I feel that the EPS targets set by analysts for Q1 are understating the impact of ASU 2023-08 which RIOT early adopted per their 2023 10-K. With BTC price of nearly 70k as of 3/31 and their early 2024 election to hold bitcoin produced instead of selling upon production (see Note 2 on the 10-K) I think we’re going to see a massive unrealized gain sitting on their Q1’24 Balance Sheet that would be a surprise to the general investment community. That, paired with their announcement of Q1 earnings being held a week ahead of expectation is a quite bullish indicator in my opinion. Interested to hear if anyone else feels that’s a valid point or not.
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Scheherazade Judi I Orr