Riot Platforms Inc (RIOT)

[Strategyone]

If you understand basic math......no.

using $10M is sales for prior 12 months compared to 2021 is not apples and oranges. That $10M in sales was when bitcoin was averaging around $8k for 2020. That is essentially their "sales" is mining crypto.

Bitcoin is nearing $60k (compared to $8k last year) and Riot has much more efficient miners coming online this year. If bitcoin continues on it's current trend, and holds similar patterns to the "post halving" runs the last 3 times bitcoin halved, the price will be well over $100k this year.

If you really want to do some critical math, it is known how much actual bitcoin RIOT mined in the last quarter of 2020. You can take that number and multiply it by the current price and get a much better feel for where revenue is going this year. That is still way undershooting for mining capacity.