Find it humorous that Chad Harris chose an incel name as his handle -- GigaChad. RIOT just updated it's investor presentation. You can find it here. Interesting to compare to the old one here: The big change is the huge reduction in detail. No forecasting or anything...
Have you noticed how Chad Everett Harris posts videos of only the parts of the Rockdale facility that are actually working? On his Instagram page he posted a video of a walk down an aisle of working miners. But he doesn't walk the whole aisle and he can't hide that...
Not investment advice. Our perspective. Do your own research: In RIOT’s latest Q2 Earnings Report, they listed $1.4B in total assets broken down by line item. Two of those lines refer to miners: Property and equipment, net: $411,244,000 Deposits: $363,010,000 Of the...
Chad Everett Harris and Riot held two groundbreaking ceremonies, one in July and another in October. The Corsicana mining facility was announced in April and is supposed to be operational by summer 2023. If it took them 6 months to break ground (twice), then it...
Chad Everett Harris, self proclaimed King of Bitcoin mining, Ashton Harris, his son, Whinstone, Riot. Oh, my! https://www.riotblockchain.com/investors/news-events/press-releases/detail/138/riot-announces-september-2022-production-and-operations The opinions of...
This article was originally published on October 7, 2021. In 2020, an article -- Northern Data — A Shady Bitcoin Mining Host, camouflaging under High Performance Computing/Artificial Intelligence Story -- posted to Medium claimed the company was playing down its...
According to the lawsuit, Chad Everett Harris, Ashton Harris, and Whinstone US started a bitcoin mining operation in Louisiana with a $5.8 MM initial deposit provided by GMO Internet Group to cover construction costs and to provide working capital. Whinstone made...
Last year RIOT started adding an attachment to it's monthly production updates with a chart of what the projected hashrate would be in the future. Each month, we got a new actual hashrate and a new projected hashrate schedule. I spent some time pulling every one of...
Bitcoin requires an immense amount of energy. Here’s why that’s sparking a crypto backlash By — Judith Lewis Mernit, Yale Environment 360 The first time Jackie Sawicky learned that a Bitcoin mining operation was coming to Corsicana, a rural Texas city 60 miles south...
These are miners that profit less than $1,000/year and will be unprofitable in 22 months. No need to take my word for any of this, everything has links. All approximate. Tell me if I messed up any calculation. Do your own research. Not financial advise. In the Q1...