RIOT Platforms - Corsicana 2024! ๐ฟ๐ค๐บ
Been buying shares of RIOT, and will continue to add shares anytime this gets in the 9s. After a couple bad years of production, RIOT's new Corsicana facility is energizing and the new miners will boost hashrate and increase efficiency. Oh, and lets not forget the 8500 Bitcoin on the balance sheet and positive earnings. RIOT has been undervalued for too long!
As for the technicals, everything looks golden imo. Macro trend from 2020 retested. 618 held, .50 held. Not seeing anyway bears get this back to the 7s.
LFG!
As for the technicals, everything looks golden imo. Macro trend from 2020 retested. 618 held, .50 held. Not seeing anyway bears get this back to the 7s.
LFG!
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618 break, possibly due to gap fill. Adding 707 algo
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Solid! Levels held. Houston, we are clear for go! โ๏ธ๐จโโ๏ธ๐คญ
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If you can find another miner that has a facility with a 1 gigawatt capacity pls lmk. Tia ๐
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Disregard previous message. I found one ๐ค
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For those who didn't already know, the CEO of RIOT, Jason Les, used to be a professional poker player. ๐คญ
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RIOT, update 3D. 2 EZ
Inside fork to accommodate algo adjustment
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Limits filled
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The Ante: RIOT's initial investment in Bitfarms is like the ante in poker โ it's the initial stake that gets them a seat at the table.
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No closes under 707 algo, Call!
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The Raise: The increased stake to 12% and the push for board changes is like a raise โ it escalates the situation and forces the other players (Bitfarms and its shareholders) to react.
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The Bluff (or not):Riot's intentions are unclear. They could be bluffing, hoping to scare Bitfarms into submission, or they could be holding a strong hand
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The Showdown: The ultimate outcome is uncertain. It depends on how Bitfarms responds, how other shareholders react, and whether Riot is willing to go all-in.