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  "documentTitle": "Riot Platforms, Inc. (RIOT)",
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  "authorName": "Kerrisdale Capital",
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  "presentationDate": "2024-06-01 00:00:00",
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      "kind": "callout",
      "text": "Shareholders should ask themselves, if management thinks it is a better trade to sell Riot shares and HODL bitcoin, why should I not do the same?",
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      "text": "Disclaimer: As of the publication date of this report, Kerrisdale Capital Management, LLC and its affiliates (collectively, “Kerrisdale”), have short positions in and own put options on shares of Riot Platforms, Inc.",
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      "text": "We are short shares of Riot Platforms, a $3bn bitcoin miner that does a far better job playing energy arbitrage games and issuing stock than generating shareholder value by mining crypto.",
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      "text": "Riot has issued over $507m in stock (18% dilution) through April alone.",
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      "kind": "title",
      "text": "Riot Platforms, Inc. (RIOT) Headed For a Mine Collapse",
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