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  "documentTitle": "Riot Platforms, Inc. (RIOT)",
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  "notes": "This slide is a continuation of a narrative argument regarding Riot's capital allocation strategy.",
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      "text": "One would think Riot has its hands full trying to develop East Texas rather than pursuing hostile takeovers in Quebec.",
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      "text": "sunk costs and growth potential of Corsicana (100 EH/s assuming full exercise of option, p.12), it’s hard to see why inorganic expansion is necessary. One would think Riot has its hands full trying to develop East Texas rather than pursuing hostile takeovers in Quebec. The proposed deal would, however, provide it with geographic diversity (Bitfarms operates in Quebec, Paraguay, Argentina, and Washington State) which perhaps says something about the long-term competitive landscape for U.S. miners, even in Texas.",
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