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  "documentTitle": "Riot Platforms, Inc. (RIOT)",
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  "notes": "The slide argues that US miners are losing competitive advantage due to rising power costs from AI demand and international competition.",
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      "text": "Consequently, despite billions in capital investment and shareholder dilution, the US-listed miner percentage share of network hashrate has remained stuck in the low-mid 20s during this period.",
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      "text": "Global Network Hashrate Share: 23.4%",
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      "text": "Equipment continues to flow into Russia... US-listed miner percentage share of network hashrate has remained stuck in the low-mid 20s during this period.",
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      "text": "All of the geographies mentioned offer plentiful power... These dynamics are leading some of Riot's peers to pursue building/converting facilities to attract high performance computing (HPC) / AI workloads...",
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      "text": "Source: J.P. Morgan, May '24 Bitcoin Mining Halftime Report, May 16, 2024.",
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