Riot Platforms Inc (RIOT)

[WhichWayToday]

Probably more like 600 Bitcoins mined per month by the end of the year. Many thousands more machines coming on line this month and more afterwards.

I do not see any multiplier at all in the calculations. Textile companies have a multiplier of about 1.1 X as I remember. Boring. Tech companies can be 30 times or more the value you calculate by pure assets. In this case just Bitcoin itself is in the calcuation. There is a lot more to it than just coins. They are the end result of all the other assets needed. I would say the multiplier for this and other mining companies is not just a ONE. Maybe 10. Maybe more. So this would put the $9.18 closer to $90/share. If Bitcoin moves that will go higher.

I doubt they need to dilute to maintain the machines either. Sell a few coins to do that. Dilution might come but my bet is it will be for very big takeovers. I