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  "documentTitle": "Riot Platforms, Inc. (RIOT)",
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      "text": "Because Riot incinerates cash, the company has mostly relied on ATM stock offerings to fund operations. Since 2020, Riot has issued approximately $2.3 billion in common stock, increasing its shares outstanding 6-fold.",
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      "text": "Corsicana is a huge undertaking that is drawing pushback among concerned local citizens. Both CEO Jason Les and Chairman Benjamin Yi have financial and software backgrounds not greenfield data center project management and engineering.",
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      "text": "In advance of the recent halving of bitcoin rewards, Riot, along with many of its peers, has outlined aggressive, capital intensive plans to increase capacity. Corsicana is integral to that strategy.",
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      "text": "Source: Kerrisdale analysis, RIOT SEC filings.",
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