Riot Platforms Inc (RIOT)

[Mikey]

SLNH is new for me, I have 27 of them, including BTDR & APLD........the pic wasnt showing all of them, thanks

[Biopharm1]

They didn't list BTDR, and if APLD is in there, maybe SLNH should be too. But good post.

[Biopharm1]

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.

[Diogenes of Sinope]

Agreed.

[Mikey]

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

[Diogenes of Sinope]

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!

[WhichWayToday]

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

[Mikey]

Thats the recent news piece......I think it is

[Diogenes of Sinope]

RIOT-Form 8-K - Current report

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/92744059/form-8-k-current-report

[Mikey]

November Production numbers--https://www.globenewswire.com/news-release/2023/12/06/2791822/0/en/Riot-Announces-November-2023-Production-and-Operations-Updates.html

[Diogenes of Sinope]

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.

[WhichWayToday]

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

[Diogenes of Sinope]

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

[Mikey]

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

[TheFinalCD]

$RIOT

Riot Produces 552 #Bitcoin in November 2023 While Expanding Hash Rate and Miners Deployed.

“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…

— Riot Platforms, Inc. (@RiotPlatforms) December 6, 2023

[Diogenes of Sinope]

https://ih.advfn.com/stock-market/NASDAQ/riot-platforms-RIOT/stock-news/92715415/riot-purchases-18-eh-s-and-secures-long-term-suppl

[WhichWayToday]

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

[Mikey]

When Inst buyers show up, after ETF approval, RIOT will be the mining company they jump on first.........no question about that!

[Mikey]

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

[WhichWayToday]

First, go back to July. Riot traded up around $20. BTC was around $30,000 then. It corrected back down and Riot followed. $9 by October. BTC starts its current run but Riot was not moving at all for a while. Mara either. These have both been lagging compared to before July and especially to a couple of years ago. They now seem to move at the same percentage change as Bitcoin. No leverage like before. Maybe that will change as it is clear about the cost of mining per BTC coin these days and then some leverage will be adding to the share price.

Cointelegraph put out an article 4 weeks ago that has not helped. It said Riot and Mara are/were the most overvalued miners. That must have had an impact. Dilution wotj more options did not help either.

Go back three years and see what this did when BTC hit $67K. Maybe if it gets that high again or more, we will see this double or triple. If you are playing the daily swings then none of this matters. GL

[Mikey]

describe 'stuck in the mud compared to Bitcoin' If you dont mind? i'm confused!

[WhichWayToday]

Riot and Mara seem to be stuck in the mud compared to Bitcoin price. Diluted too much to make the rocket runs of years ago ? Or is it being churned to keep price low to move shares into selected accounts ? Then the brakes come off. Just thinking. GLA

[Mikey]

MARA is definitely out performing RIOT in my account........I dont think its going to up that way, up the road!

[Mikey]

In addition to RIOT and MARA commons, i have some dec 15 MARA 13.5 and had some Hut 2.5 dec 15, still transitioning from r/s........but my really dumbass, high wire no net play is 50- jan 19 mara 50's @.04¢.....this is after the scheduled ETF thingy.....so, i'll either be a hero or an idiot, lol....what the hell, its only currency, eh?

[Chartmaster]

Rolled out of DEC calls and into March calls on RIOT and MARA.....and March 7.5 calls on CLSK

[Mikey]

yeah, the 'chump change' guys are alive and well, both opened 15+.....profit taking knocking it down buck or so......the current trend is trading or flipping.........quite familiar with that,-- no mas!

[WhichWayToday]

Not much of a gap it seems. Buyers worried that Bitcoin will fall back I suspect. If not, we should see this move up higher and higher. Price seems incredibly low for Riot and Mara. Maybe the monthly earnings figures will help.

[Mikey]

Could be a huge huge GAP Mon. morning

[$Green$]

Very prudent to have bought both, good job

[Mikey]

Thank God I own RIOT............but I really really am more thankful I OWN MARA.....Its outperforming RIOT big time!

[boo boo]

Jim Cramer is the ultimate contrarian indicator.

[Diogenes of Sinope]

RiOT

What an entertaining play. More compelling than my local casino. Loaded months ago sub $4 and flipped on the way up. Bought at $17+ as well and have paid a paper price. Recently added sub $10 and will see where RIOT takes me.

Nice to see the veteran traders/chartists that know much more than I posting/trading/scalping/banking/flipping as well.

GLTA!

[Mikey]

2 previous halvings have produced upside, we'll see if that the case, this time, though

[Mikey]

i've just had no luck, charting the miners and BTC, to any measurable degree.........been successfull a couple of times, probably have a fighting record of 4-25, lol......so I gave up and just bought commons long and every now and then i'll pick up calls.........right now i only own DEC1, $11.50 @ .48......so, i'm close to 2x now but continuing to hold another couple of days

[Strategyone]

Nice list to follow. I own a handful of those but RIOT and MARA are my two favorites for similar reasons to what you posted. Once we hit the next halving rally (2024) both should do really well and should easily take out their respective ATH's (IMHO).

Good luck

[Chartmaster]

Just Dec, so not long to play but will reload further out on pullbacks

[Mikey]

how far out did you go?

[Mikey]

I follow All the miners..........

[Chartmaster]

Bitcoin 38K today! Holding RIOT 12 calls and MARA 10 calls, BTC going to 44-46K soon imo

[trickledownfacists]

DMGGF is a small cap miner that’s basically follows these other miners charts.

Profitable as well. Only $58M market cap

[Mikey]

A few weeks ago, I evened up my positions on MARA & RIOT from a $$ standpoint..........from technicals and hash rate, MARA by a big margin, from Fundamentals, RIOT, by a wide margin........I didnt figure, i'd get hurt with either.........as it stands today, MARA is the better, but RIOT has no debt, and a much much lower cost to mine, it aint even close in that department, and up the road will be much better.....all just my .02¢

[$Green$]

10% on todays dip

[$Green$]

Gotta buy the dips here

[Chartmaster]

Yup, they don't know what a Key Reversal means lol! I stsrted trading in 1989 now almost 60 years old so I'm getting old too....RIOT just turned back to green from red! Good sign! GL

[Mikey]

lol, if you showed that to some of these young 'guru's' they'd be lost lil pudknockers, i'm impressed.....you've been trading longer than I have and i'm an old fart........lol

[Chartmaster]

Yup, and that is a pic from the 1990's Aug Gold Chart, I used to use VCR's to record the commodity quote strip every 10 minutes that you still see today on CNBC(Used to be FNN) and play back to plot the prices for 22 commodities on graph paper...really allows you to get a feel for price movement and is how I started trading/charting

[Mikey]

Hand Charting.......there's a man that knows what he is doing, lol......havent seen one of those since the 90's

[$Green$]

Nice she’s moving up again

[Chartmaster]

RIOT is my Orion Thanksgiving contest pick! I own calls on both

[Mikey]

yeah, probably, maybe more.........a few weeks ago, I equalized my $$ positions in MARA and RIOT, to see which would perform better...thus far MARA outperforming RIOT by about 9%