[Diogenes of Sinope]

Riot Announces August 2024 Production and Operations Updates

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94499759/riot-announces-august-2024-production-and-operatio

[Diogenes of Sinope]

Please do not read me as investment advice.

Each of our personal realities are different.

RIOT is like my favourite casino slot. Ya lose money—Ya keep spinning and make money on some related spins.

Nothing long term life changing here for me over the years but yet, I’m still here.

There are many interrelated “larger picture potentials” going on-Political or not.

GL!

[lilcaesarlv]

Yes, sub 4s were very helpful with my dca. See it going back or nah?

[TaperT2]

WE WILL GIVE THEM THE NO VOTE !!!

[Diogenes of Sinope]

Riot Issues Open Letter to Fellow Bitfarms Shareholders Ahead of Upcoming Special Meeting

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94480858/riot-issues-open-letter-to-fellow-bitfarms-shareho

[Going_4_It]

Trash? ... No, I don't agree... It is a bitcoin mining company, a pure play.

And when their Corsicana site is complete they will be the largest in the world.

[Urocka]

Is this the week to Boom? Feels kinda like it..

Let's Rock $RIOT

[Cosa]

So basically you agree that this company is trash lol.

[Going_4_It]

To answer your question, You are either a true believer in Bitcoin or you are not.

And anyone who buys stocks should always understand the difference between Investing and Speculating.

Bitcoin Miner stocks are NOT normal stocks and should not be compared to others outside the group. Not only do they follow the stock market averages but they also follow the price of Bitcoin. And that dramatically increases their volatility and makes for better speculative trading.

The Bitcoin Miner stocks have always been a proxy for the price of Bitcoin. They tend to move by a much larger percentage than the price of Bitcoin.

Furthermore, some Miners are HIODL'ing the BTC they produce, whereas other Miners are selling their BTC as soon as they produce it.

The new FASB Accounting rules require the BTC held in treasury to be recorded as a Gain or a Loss based on the BTC price. This is without regard to whether they actually sell the Bitcoin and realize a true Gain or Loss. It would not work this way if they hold Dollars instead of Bitcoin.

The result is that those that HODL do not look so great on paper compared to those who sell. But obviously that will change dramatically if and when Bitcoin makes a run.

[Cosa]

Why would anyone buy stock in this company. With ETFs that track the asset it makes this company irrelevant. This whole company can go down and there will be plenty of miners to keep the network safe. Miners are dime a dozen.

[Diogenes of Sinope]

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94356589/form-8-k-current-report

The only truly surprising thing would be if anyone is truly surprised.

GL!

[anion]

Why is RIOT filing so many SEC filings on a Friday afternoon/evening.

Hoping people won't notice? More dilution?

[Diogenes of Sinope]

”Cheapies” have been Father Time certified expensive in the past.

RIOT continues to be a favourite trade with proper timing. Never caught a bottom and never caught a top. The in betweens is my goal.

It’s all personal acceptance and realities.

I did buy some sub $7.75’s ’s today though. Looking for some market confirmation before diving in deep.

Seen sub $4 here not that long ago.

GLTU/A!

[The GidDy uP Kid]

RIOT $7.80 cheapies…

[Diogenes of Sinope]

RIOT

Holiday up here for us Canadians.

I have no US supported trading account though. If I did I would have purchased in the pre-market sub $8’s.

Did that fact save me or diminish me??

Waiting on tomorrow for a possible reentry.

GLTA!

[DBS]

Going_4_It you can read Diogenes of Sinope's post and...

Sabastian goes over Riot's Q2 Results, you can skip to 9:25 in the video.

GL

[Diogenes of Sinope]

Riot Platforms Second Quarter 2024 Earnings: Misses Expectations

https://finance.yahoo.com/news/riot-platforms-second-quarter-2024-114904622.html

https://www.sec.gov/Archives/edgar/data/1167419/000110465924084145/tm2415618d22_sc13da.htm

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94287292/form-8-k-current-report

[Going_4_It]

DBS: It seems I must have missed "...that disgusting report..." about mgt compensation.

Would you please tell me where you found it. Maybe post a link.

I would like to read it.

[DBS]

LOL Agree 100%

[Diogenes of Sinope]

The history is undeniable.

It’s an insider enriching, self rewarding dilution machine.

All one has to do is look at all the filings.

That being said—With proper timing (albeit infrequently) large $$$’s have been banked.

Keeps me out of my local casino.

I’m good on this one.

GL!

[DBS]

I agree about timing brother. GL

[Diogenes of Sinope]

No arguements here DBS.

Timing is always paramount./b]

GL!

[DBS]

After seeing that disgusting report and how much management pays themselves millions, I sold 3/4 of my position at 10.23 this morning. Should have sold it all. Held all my BITF though. I'll wait till this goes back up to mid $10's and sell the rest. I am NOT supporting these sleazebags! And... They have the gull to try and put 3 Board-members on BITF. That's Too Funny!!

GLTA

[Diogenes of Sinope]

RIOT—How low will it go this time around??

Waiting on lower $9’s.

STAY TUNED—GLTA!

[Diogenes of Sinope]

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94286891/riot-platforms-reports-second-quarter-2024-financi

[Greedy G]

~not likely….eps huge miss

[Elcappy1]

Would love to see the shorts get smoked.

[Greedy G]

~yes today after hours

[Elcappy1]

Are you expecting a gap up tomorrow?

[Greedy G]

~bought the 8/2 $13 calls @.04c

[Diogenes of Sinope]

RIOT ANNOUNCES SECOND QUARTER 2024 EARNINGS CONFERENCE CALL

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94229044/riot-announces-second-quarter-2024-earnings-confer

[EnchantedTitan62]

From what I understand, Trump wants to make a strategic reserve of bitcoin. Just like oil, gold ,etc. , So I now understand why RIOT wants them.

[Diogenes of Sinope]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172566509

[koolmc]

nice pop, anytime it goes to 9's it's money for a trade

[Diogenes of Sinope]

👍🙈🥂

[TaperT2]

rIOT THE LAUGHING Stock of All Miners

[Diogenes of Sinope]

Riot Launches www.ABetterBitfarms.com

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94158054/riot-launches-www-abetterbitfarms-com

[Diogenes of Sinope]

RIOT ANNOUNCES JUNE 2024 PRODUCTION AND OPERATIONS UPDATES

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/94143445/riot-announces-june-2024-production-and-operations

[koolmc]

getting ready for another trade

[$Green$]

BTC price is now about $20k below mining costs

[boo boo]

Well, you would be scrapping against RIOT, which continues to increase their holdings and you would add more fuel to the "short squeeze" fire.

IMHO

[Going_4_It]

I still don't understand exactly why Riot wants to buy Bitfams in the first place.

...unless it is to make money on the Bitfarm stock itself. And if they dump their shares then the BITF share price is going to suffer. If you should see the volume of BITF PUT options increase suddenly, then watch out below. In fact, maybe I should buy some PUTS. Since the situation seems to be stalled at 15% ownership then the next logical step might be for Riot to dump their Bitfarm shares.

Furthermore, It is not like Riot needs anything that Bitfarms owns. RIOT has a mining site under construction called Corsicana which, when completed, will have One Giga Watt of power and will be the largest mining site in the world. It seems to me that this is where they should be spending their time and money.

All just my opinion...

[anion]

> then that is when the "hostile takeover" will start.

Once Bitfarms turned them down and RIOT continued their stock purchases, that was, imo, the beginning of the hostile takeover attempt.

While we may have differing definitions of when it may or may not have started, but think we both see it going in a similar direction.

[Going_4_It]

RIOT is requesting two seats on the Bitfarms Board Or Directors.

And I think that is very reasonable.

And if they don't get that accommodation then that is when the "hostile takeover" will start.

[anion]

Hostile takeover.

No mention here of RIOT's attempt to takeover over BitFarms in what now looks like a hostile takeover?

[koolmc]

yep anytime it hits 8-9 area it bounces off been doing that for awhile now per chart

[Diogenes of Sinope]

Any, all purchases under $10 continue to reward. The recent sub 9’s were extra tasty.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174414788

RIOT—GLTA!