EXCLUSIVE: Riot Blockchain Tells Benzinga "We Disagree With The Characterization Of The Bitcoin Mining Industry And Of Riot, And The Equally Unsound Conclusions Reached In The Kerrisdale Capital Report. We Believe These Errors Will Be Demonstrated Through The Execution Of Our Ambitious 2024 Growth Plans And Resulting Financial Performance"
Portfolio Pulse from Benzinga Newsdesk
Riot Blockchain disputes the conclusions of a Kerrisdale Capital report criticizing the Bitcoin mining industry and Riot itself. The company believes its 2024 growth plans and financial performance will prove the report's errors.
June 05, 2024 | 6:15 pm
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Riot Blockchain disputes Kerrisdale Capital's negative report on the Bitcoin mining industry and Riot. The company is confident that its 2024 growth plans and financial performance will demonstrate the report's errors.
Riot Blockchain's public disagreement with Kerrisdale Capital's report and its confidence in future growth plans may reassure investors, potentially leading to a positive short-term impact on the stock price.
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