HIVE Blockchain Technologies Ltd (HIVE)

[77Port]

Mr. Wonderful is fine. But... If you want to know why Riot is flying high and, more importantly, much higher than other mining companies, I think that's a different answer. In my opinion it's not about Nasdaq, but due to its institutional ownership. Look it up.

https://www.nasdaq.com/market-activity/stocks/riot/institutional-holdings

Riot has the entire American financial team as owners. Likely, Mr. Wonderful is part of that (and bully for him: wish it were me.) That said, all of that deep money are Riot's investors. These institutions invest, literally, tons of money into riot and so the stock goes up. Not difficult to understand. Their money could be their thumb on the scale. Are these same institutions also investing in miners other than Riot? Are these institutions investing in all the good miners? That would be the smart thing, right? So, if they aren't investing in all the miners, then why the f not. That would be odd, unless they are, on purpose, tipping the Riot scale.

These institutions could be doing what the reddit crowd did with gamestop. but individual redditors are not the same as institutions working together as a group. If true, how would that not be manipulating the price of Riot? Anything these institutions support as a group will inevitably go up because they have all all the money in the universe and can push any company to any height. It's not about whether Riot is the best miner.

Please understand, I'm not criticizing Riot or saying they're incompetent. They obviously are not incompetent. All I'm saying is that their price is high because the institutions which own it are also investing in it.

In that scenario, Hive, the long-term miner which has fought for its life and now actually makes a profit, is helpless to defend itself against such an onslaught.

I think that's why the price is high, not because of Nasdaq.