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$RIOT mining news https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/92949611/riot-announces-december-2023-production-and-operat
im surprised nobody is talking about todays NEWS
Bitcoin up past $45K but the miners seem rather dead. Fear that this latest high is brief ? Riot is actually doing better than Mara and HUT at this moment in time. Big shift possibly coming imo. Riot needs to catch up. GLA
So drop a couple K on Friday, and most mining dropped 20%, up 4K and right now looking like we'll be lucky to get 10% back. BUT, it looks like today has already been deemed a red day by the MMs.
Securing/banking profits as per one’s own parameters is always the way to play here and everywhere.
Good luck to you and all in 2024!
Bit of a blood bath going on ! BTC drops to $41,600 a little while ago and the miners plummet big time. Over reaction imo. Opportunity for the brave. GLA
C'mon, one last BTC push for a good green ending!!!!!!
RIOT!
I ask again;
RIOT—Why so quiet??
Holding 5 March 15 calls here
It seems the push is on MARA. Wow. HUT as well. RIOT in the slow lane I think as punishment for the dilution. Management to blame on that but still, they have no debt. That has to count for something. Maybe that will change in the new year as profits from the others change to RIOT.
Fundamentally, RIOT is probably the strongest of all the miners, however, the price movement isnt as strong as most of the other miners.......
Another fine day at RIOT
Now in my top three of 2023
52 Week Range
Low
3.25
High
20.65
GLTA!
HUT is going to overtake RIOT on pps, with their rinky dink float........
RIOT 2023–Thank you!
Perhaps the spotlight is on Mara for now and profits will move into Riot in new tax year. Riot is lagging like Mara did a few years ago.
RIOT's saying wait for me big sister MARA today!
I like the more long term aspects of it while the ema is maybe better suited to the more short term trader imo... but with crypto related stocks where things can happen much faster you may have a good point...GLTU 🍀
Had a bullish golden cross on the chart today 📈📊
$RIOT Had a bullish golden cross on the chart today 📈📊$BTC #BTC #cryptocurrency #mining pic.twitter.com/VD2XljdduQ
— 💸 Golden Cross Stocks 💸 (@CrossStocks) December 22, 2023
Agree with your comments. Dilution has thrown out a drag anchor slowing the share price rise. The only things going in shareholder favor are no debt to manage and more miners on the way.
Yeah, as I have stated previously, RIOT looks to have turned into a dilution platform, for the sole benefit of the employees (management?), and screwing its shareholders.
While I do not usually have an objection to a company diluting its shares to provide employee benefits, RIOT does not yet seem to have reached the level of corporate, let's say, wealth to justify such rabid stock dilution.
And it shows in the stock price.
My question at this point is... why does RIOT management continue down this path of shareholder dilution?
Form 8-K - Current report
https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/92864596/form-8-k-current-report
25% of my port is RIOT........i scaled it down from 45%......
it was: RIOT 45%, MARA 45%, and 10% for flipping Options(HUT, WULF, etc).........I'm going to scale it back more in the week or two and go a lil heavier in MARA for now
Interesting that the overhead is lower. I figured it would be the other way round with Riot located in Texas. Electricity costs for one. Debt probably not an issue with Bitcoin rising and expected to rise more. You were smart to swap some over. GL
MARA is bigger, has more miners, is holding more BTC, mines more per month, more hash rate, much lower overhead, lower cost to mine......AND more debt
Looks to me like Riot shareholders selling to get into Mara for now. Take a ride and then switch back to Riot and push that up if Bitcoin price holds or moves up. Pretty heavy trading. Riot is buying loads more miners too over the next year. Mara is apparently just trying to buy mining companies. That could back fire if they buy pumped up duds.
guys, I shifted 'some' of my RIOT over to MARA, yesterday.......it moving way better than RIOT for now......but you still need to be in RIOT long term.........they have NO long term DEBT.......NONE......NADA.......NILCH......NYET
Bitcoin correction. Good imo. Needed it before it moves up again. GLA
SLNH is new for me, I have 27 of them, including BTDR & APLD........the pic wasnt showing all of them, thanks
They didn't list BTDR, and if APLD is in there, maybe SLNH should be too. But good post.
Pre-combo, Hut had 200 mill shares, and USTBC was supposed to get 50 mil for a total of 250 mill. Well, USTBC management cashed in warrants for a total for both companies 440 million. This really soured me. Yes, HUT has decent amount of HODL bitcoins, and HUT 8 has tons of MW. But they're not producing a lot of coins per month, and USBTC doesn't have the Celsius contract anymore. I sold off my HUT, may buy back in, but buying the others. BITF I like the most, RIOT is going to add tons of EH, CLSK and MARA have a lot of EH and are adding more.
45,000.....pfffft not a big deal, there are some companies who have insider sells every month........based on 50mil volume, this will take about 15 seconds, lol........expect to see form 4's when it happens
As expected;
https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/92766057/form-144-report-of-proposed-sale-of-securities
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173372828
All good by me.
RIOT is in my top 3 of 2023.
GLTA!
We are into the last weeks of trading for the year. Might not see much in gains until January I suspect. Tax selling time ahead. Next year all this positive news might just gel, and if BTC is higher still, maybe the buying will kick in big time. GLA
Thats the recent news piece......I think it is
RIOT-Form 8-K - Current report
https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/92744059/form-8-k-current-report
Again-I fully agree.
We are just the retail marionette’s at the end of the strings.
Pay no attention to the manipulators behind the curtain but be aware of the daily associated machinations and trade accordingly as personally interpreted.
Be great if management rethought that dilution.
Riot announced news to buy more miners. Sell on news is hitting the SP I think. But I am also thinking that there is big manipulation going on to make this look like maybe, it is time to sell. I've seen this many times in my years. A slow motion shake out. Once the "right" hands own the shares, then we see promoters step in. It's an old game. GLA
I agree. It’s undeniable that dilution has affected the PPS over the past two years.
I expect to see an associated filing with regards to such along with insider sales in the near future.
GLTU/A
Top performing Miners by BETA:
MARA 5.09
RIOT 4.27
CLSK 3.6
HIVE 3.59
BITF 3.12
CAN 2.98
BTCM 2.81
IREN 2.76
HUT 2.95
$RIOT
Riot Produces 552 #Bitcoin in November 2023 While Expanding Hash Rate and Miners Deployed.
— Riot Platforms, Inc. (@RiotPlatforms) December 6, 2023
“Riot continued to increase monthly Bitcoin production in November, mining 552 Bitcoin during the month, a 21% increase over October’s production,” said @JasonLes_, CEO of Riot.
Read the…
That's what is missing. You are probably correct. The ETFs being approved are the anchors holding this back. When those gets weighed, assuming some of these ETFs get approved, this mining ship and all the other miners, should see a surge. Let's hope. If none are approved Riot will move with BTC with no leverage I suppose. Hang in there. GLA
When Inst buyers show up, after ETF approval, RIOT will be the mining company they jump on first.........no question about that!
good post,- in my case, i'm just long holding about 85% of my RIOT with a 10.49 avg........and I'm flipping about 15% every few days, and right now thats working bigly
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