Only in a world that allows the existence of a Potemkin Village named Whinstone_Riot Blockchain. A "Potemkin village" signifies any deceptive or false construct, conjured often by cruel regimes, to deceive both those within the land and those peering in from outside....
What kind of person presents an image like this to the public? Chad the Demigod and the "little" people. The King and his serfs. Chad the puppeteer. I think those are the same 8 people who are in very video. Can't be sure. Too busy to check.
A partial shot of one friggin' excavator? That's his proof that Riot is working hard in Corsicana? It looks broken down. A picture that could have been taken anywhere. Shouldn't there be people, tractors, other things included if one is going to provide proof that...
Merriam-Webster dictionary definition of fraud : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right Summary: We view Northern Data as the latest crypto industry player that is intentionally “bending...
Complaint for $114 million alleging breach of contract in Riot Blockchain Inc., a Bitcoin mining company v. Northern Data AG, of Germany, at the Chancery Court of the State of Delaware.-September 7, 2022 Learn more here (but you will have to subscribe to access the...
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...
Check my math, I'll update the post if there are any corrections. The June Operational Update states: > Building F holds 23,000 miners and is full. > RIOT currently has 42,455 miners deployed total, including at Coinmint. > RIOT is shutting down the Coinmint...
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...
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...