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  "documentTitle": "B. Riley Financial, Inc. (RILY)",
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  "authorName": "Wolfpack Research",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-02-08 00:00:00",
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  "notes": "The slide uses a 'before-after' style comparison to expose management's misleading projections.",
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      "text": "We believe CORZQ’s management is well aware that its yields will dimmish over time and then get cut in half in 2024, yet it provided the following misleading chart to investors shortly after announcing bankruptcy.",
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      "text": "Projected BTC Mined per Month: Present - YE 2024",
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      "text": "DAILY AVERAGE BTC MINED",
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      "text": "We constructed a more accurate chart showing how many BTC CORZQ could expect to mine through 2024 with 15.3 EH/s (a recently reported hash rate) given a 3% monthly increase in the global hash rate.",
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      "text": "Finally, BTC enthusiasts should be aware that the halving date is estimated to occur in April 2024. When the halving occurs, the number of BTC awarded to miners will be cut in half. Since CORZQ will not be able to add additional rigs for some time due to outstanding debts, the number of BTC it mines will be cut in half. We believe CORZQ’s management is well aware that its yields will dimmish over time and then get cut in half in 2024, yet it provided the following misleading chart to investors shortly after announcing bankruptcy.",
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