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Kerrisdale Capital Predicts Riot Blockchain’s Collapse Amid Bitcoin Mining Criticisms

Kerrisdale Capital Predicts Riot Blockchain’s Collapse Amid Bitcoin Mining Criticisms


CoinOtag
2024-06-08 10:21:54

Riot shares experienced a notable rebound on June 5, following the dissemination of a critical report by short seller Kerrisdale Capital. This document, released just before the Nasdaq began trading, accused Riot of poor management and predicted the firm’s imminent downfall, asserting that Bitcoin miners are peddling “snake oil.” Kerrisdale declared a “war against bitcoin


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