by The Medianistas | Aug 16, 2022 | Crypto, Deceptive Marketing, Find the Fraud, Opinions, Press Releases & News, Rants & Raves, Scams, Uncategorized
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...
by The Medianistas | Aug 4, 2022 | Crypto, Find the Fraud, Trend Tracker, Uncategorized
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...
by The Medianistas | Aug 4, 2022 | Business, Crypto, Uncategorized
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...
by The Medianistas | Aug 2, 2022 | Crypto, Find the Fraud, Guest Contributors, Trend Tracker
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...
by The Medianistas | Jul 27, 2022 | Crypto, Find the Fraud, Opinions, Trend Tracker
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....