Bitcoin mining company Riot's stock price fell 6% after being shorted by Kerrisdale Capital
Riot Platforms (RIOT), a bitcoin-listed mining company, performed worse than its peers. Prior to this, the well-known short-selling institution Kerrisdale Capital stated that it was shorting RIOT stocks and going long on bitcoin (BTC). It is reported that Riot's stock price was one of the worst performing cryptocurrency-related stocks on Wednesday, falling more than 6%. A representative of Riot did not immediately respond to a request for comment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Soneium Minato completes L1 contract upgrade and activates fault proof
Bitcoin mining company Cathedra Bitcoin announces completion of its 0MW North Dakota data center