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Campaigns / Kerrisdale Capital → Riot Platforms, Inc.
Kerrisdale Capital vs. Riot Platforms, Inc.

Riot Platforms, Inc. · RIOT

1 deck published between 2024-06-01 and 2024-06-01 — 19 pages, 19 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2024-06-01 initial thesis

    2024 06 RIOT Kerrisdale

    19pp · research_note

    Riot Platforms is a serial-diluting bitcoin miner with $140k+ all-in cost per coin, rising Texas regulatory risk, and a broken model increasingly obviated by low-fee BTC ETFs.