Source: Coindesk.com
Bitcoin miner Riot Platforms (RIOT) underperformed peers on Wednesday after prominent short-seller Kerrisdale Capital said it's short RIOT stock and long bitcoin (BTC).
Kerrisdale accused the miner of burning cash and gouging retail shareholders through its at-the-market (ATM) funding strategy.
"Like other US listed miners, $RIOT’s biz model is a dysfunctional hamster wheel
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Source: Coindesk.com
