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Riot Blockchain's Offering Should Pump The Brakes And Set A Floor

Riot Blockchain's Offering Should Pump The Brakes And Set A Floor


Seeking Alpha
2021-09-02 21:15:03

Riot just filed a shelf offering for up to $600 million in new shares.Riot is using the proceeds to fund its Texas expansion.Riot's expansion will also mean selling insiders.This should cause Riot to stall here, but also potentially add institutional holders.


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