Replies to post #4378 on Riot Platforms Inc (RIOT)

[chestnut42]

I see 1,175 BTC listed on Bitcoin Treasuries, how close to accurate is that? It shows MARA with 5,067, I know currently MARA has a lower hash rate. I'm not one for believing in their promotion of 10 EH in the near future. Dilution also maybe a problem with them. In comparison I'm thinking RIOT is the better long term buy. Thoughts?

[WhichWayToday]

Daily rate is something you can estimate from the March 15 news release. I get closer to 5.8 coins per day in February so that's about $314,000/day at $54,000 BTC. I have no idea if they are selling these coins or holding them though. If Riot management believe Bitcoin is going higher, they are probably holding a good deal of coin cashing what they need for expenses.

This excerpt from their Mar 15th release shows how Riot mining expansion should proceed. Monthly updates coming as well.

" Hash Rate Growth

Riot has an additional 25,400 S19 Pro and S19j Antminers on order with Bitmain, which are scheduled for monthly deliveries through October 2021. Once fully deployed, the Company estimates it will have a total of 39,146 Bitmain Antminers in operation with an estimated aggregate bitcoin mining hash rate capacity of 4.0 EH/s. Based on recent shipments, Riot anticipates continued timely shipments in accordance with the Bitmain purchase orders. "

In the end, the future is riding on BTC price. Where is it going ? GL