In the Q1 report, RIOT had $113M in cash as of March 31, 2022 and spent a net of $198M cash over those 3 months ($66M / month). Now, 4 months later, what might we estimate has happened since: Another -$264M spent (continuing the $66M / month). +$140M raised in April...
RIOT’s investor presentation indicates RIOT will underperform BTC performance.
Jason Les replied during the AMA for 4 minutes. I’ll quote bits below: the purpose of that model was not to forecast Riot's financial performance Maybe not, but I think it’s presented in a way that makes it easy to imagine someone making that mistake. He also said in...
Chad Everett Harris, Riot Blockchain, no way to grow?
At record date for the proxy 135M out of the 170M authorized were issued. When Q2's ER is released we'll know more of how deep the shelf has been filled. Employee proxy item did pass, so they need to hold back shares for those employee programs. Doesn't leave them...
Chad Harris, RIOT Blockchain Fraudulent Presentations?
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...
“Bald and Plump” Chad Everett Harris, Whinstone, RIOT Blockchain, “Fake News” Again
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...
Chad Everett Harris, RIOT BLOCKCHAIN losing money on miners. Check it out.
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...
RIOT BLOCKCHAIN’S Latest Investor Deck, Just Wow
RIOT dropped another investor presentation. They update this monthly which lets you see how things are changing. One of the slides, slide 19, hadn't been updated since last year as far as I can tell. It shows their own estimated forward returns as a monthly profit,...
GigaChad Everett Harris RIOT videos telling a true story?
Chad Everett Harris, GigaChad, Chad H. keeps posting videos about how RIOT is "crushing it" even though Bitcoin is at about $21,000 (Seeking Alpha maintains Bitcoin has to be at $35,000 for RIOT to be profitable) -- and RIOT shares are at about $5.50 -- down from...
Chad Everett Harris, Riot’s Corsicana Data Center, Scam?
What is this? What exactly is going on here? 84 comments about how wonderful Chad Everett Harris and RIOT are but it seems none of them have been posted by real people. We checked 20 and none of them had a YouTube channel and none of the twenty had an active...
Real RIOT BLOCKCHAIN May Production and Operation Updates. So sad!
8% fewer BTC than April (508 vs 466). 59% fewer new miners deployed than April (3,456 vs 1,086) Lower hashrate than April (4.7 vs 4.6EH) Fewer miners running than April (46,375 vs 43,458) due to shutting off 4,000 S17-Pros Reduced their estimated "total" hash rate...