Or... Tomorrow Or Tuesday, Riot Should Disclose December 2021 Mining Production. And, "Watch Out, Below!" -- If It's Fewer Than 440 Bitcoin
It is a near certainty that the number of mined coin won't be more than ten per cent above the November and October totals (those two months were essentially flat).
With the increasing difficulties seen during most of December 2021, the only question will be whether Riot was able to plug in enough new mining rigs to just stay even -- to tread water, again -- for a third month.
If the total is more than five per cent below Oct./Nov., though. . . that may cause a new round of selling on the NASDAQ.
We will wait and see, but it is a near certainty that for the full fourth quarter, Riot has failed to generated GAAP operating net income. Exactly as was true for the last 12 quarters, since it became a Bitcoin focused public company.
Onward, grinning -- ever grinning -- into the bright sunshine, for a long bike hike.
नमस्ते
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