D-Wave Quantum Inc (QBTS)

This is a classic short-seller research note cover/summary page.

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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 the stock of Riot Platforms, Inc. ("R

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The text frames D-Wave as a 'struggling provider' and 'commercial dead end' to justify the short position.