Riot Platforms Inc (RIOT)

[Cosa]

Riot's investment? Where did they get the money from? Selling bitcoin or creating new shares...

They invested retails money into a startup lol. This Reformed Energy doesn't even have a running plant yet. I would look to see if there is any ties between the founders of Reformed, they might just be funneling money here to sneak it out as an "investment"

The technology developed by Reformed Energy is designed to process various waste streams, including municipal solid waste, tires, and industrial sludges. By utilizing a closed plasma gasification system, the company claims to prevent over 99% of methane emissions typically associated with waste disposal and to reduce the volume of waste by approximately 90%.

The resulting synthesis gas can be used for power generation and the production of synthetic fuels, such as sustainable aviation fuel (SAF).

The pilot site will not only generate sustainable power but also function as a training and demonstration hub for entities interested in adopting Reformed Energy's technology. The company's CEO, Edward Evenson, expressed confidence in the technology's potential to mitigate landfill waste and its versatile applications, including powering data centers and producing low-cost synthetic fuels.