Replies to post #1678 on Riot Platforms Inc (RIOT)

[BitcoinHype]

It amazes me how stupid some of the longs are....

If Bitcoin goes to 25,000 how does that really help Riot much???

They own about $2 million worth of mining equipment. They paid about $12 million in stock and $1 million in future royalties for this.

I doubt these equipment ever breaks even. Riot never even mentioned that they have found a place to set up this equipment. Riot's market cap is $200 Million... If if Riot had a miracle and broke even on their mining equipment purchase, how is this stock even worth $200 Million?