RIOT

Savik519

RIOT can go to $0, bitcoin cannot. (I’ll buy the whole supply at $.01 😂)

TommyPullz

Load up on some RIOT stock tomorrow we should see a massive squeeze

TommyPullz

I took a position in RIOT stock then own 20k bitcoins and don't have the funds to unload on a single coin !

TommyPullz

RIOT stock is popping with bitcoin we might open above $8... easiest buy of our lifetime check out my page for the due diligence

ac9331

So true. I told my buddy to buy some RIOT at $6.70 the other day and it drops to $6.30 hours later. His purchase $100 purchase really hurt my position at $6.90.

jeraco73

A report I read today said tariffs will affect future expansion costs, but not current operations. I’m stacking RIOT too!

transatoshi_mw

Wouldn't that make MARA and RIOT the scary boogeymen of the space?

pmgoff

Sorry but the landscape is ever evolving take a look. S&P 500 Companies Holding Bitcoin: 1. Tesla, Inc. (NASDAQ: TSLA): Tesla made headlines in 2021 with a $1.5 billion Bitcoin purchase. As of early 2025, it holds approximately 11,509 BTC, valued at around $1 billion.  2. Block, Inc. (NYSE: SQ): Formerly known as Square, Block has been a significant Bitcoin investor. In January 2025, reports indicated that Block was poised to join the S&P 500, potentially becoming the first Bitcoin-holding company in the index.  Other Publicly Listed Companies Holding Bitcoin: 1. MicroStrategy Inc. (NASDAQ: MSTR): Rebranded as Strategy, it holds approximately 499,096 BTC, making it the largest corporate Bitcoin holder.  2. Marathon Digital Holdings, Inc. (NASDAQ: MARA): A leading Bitcoin mining company with holdings around 40,435 BTC.  3. Riot Platforms, Inc. (NASDAQ: RIOT): Another major Bitcoin mining firm, holding approximately 18,221 BTC.  4. Coinbase Global, Inc. (NASDAQ: COIN): As a leading cryptocurrency exchange, Coinbase holds around 9,183 BTC.  5. Hut 8 Mining Corp (NASDAQ: HUT): A Canadian Bitcoin mining company with holdings of about 9,102 BTC. 6. Galaxy Digital Holdings Ltd. (TSE: GLXY): A diversified financial services firm in the digital asset space, holding approximately 15,449 BTC.  7. CleanSpark Inc. (NASDAQ: CLSK): An energy technology and Bitcoin mining company with holdings around 6,154 BTC.  8. Hive Digital Technologies Ltd. (NASDAQ: HIVE): A company involved in cryptocurrency mining and blockchain infrastructure, holding about 2,287 BTC.  9. Bitfarms Ltd. (NASDAQ: BITF): A Bitcoin mining company with approximately 803 BTC in holdings.  10. NEXON Co., Ltd. (TYO: 3659): A Japanese gaming company holding around 1,717 BTC. 

yahoofinance

Crypto stocks rallied in early trading Monday after President Donald Trump said in a post on Truth Social [that his administration will create a US crypto reserve](https://finance.yahoo.com/news/trump-relieves-crypto-slump-with-new-promises-about-a-us-reserve-145238382.html). In [a post on Truth Social on Sunday](https://truthsocial.com/@realDonaldTrump/posts/114093526901586124), Trump said the US crypto reserve would include bitcoin, Ether ([ETH-USD](https://finance.yahoo.com/quote/ETH-USD)), XRP ([XRP-USD](https://finance.yahoo.com/quote/XRP-USD)), Solana ([SOL-USD](https://finance.yahoo.com/quote/SOL-USD)), Cardano ([ADA-USD](https://finance.yahoo.com/quote/ADA-USD)). Trump had [previously issued an executive order to create a national crypto “stockpile”](https://www.whitehouse.gov/fact-sheets/2025/01/fact-sheet-executive-order-to-establish-united-states-leadership-in-digital-financial-technology/) but did not name which cryptocurrencies would be included. Strategy ([MSTR](https://finance.yahoo.com/quote/MSTR)), the largest corporate holder of bitcoin formerly known as MicroStrategy, rose 12% while crypto miners Riot Platforms ([RIOT](https://finance.yahoo.com/quote/RIOT)) and MARA Holdings ([MARA](https://finance.yahoo.com/quote/MARA)), formerly known as Marathon Digital, jumped 7% and 9%, respectively. Coinbase ([COIN](https://finance.yahoo.com/quote/COIN)) climbed 3.5%. “A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” Trump [wrote in the Truth Social post](https://truthsocial.com/@realDonaldTrump/posts/114093526901586124). “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!” “And, obviously, BTC and ETH, as other valuable Cryptocurrencies, will be the heart of the Reserve. I also love Bitcoin and Ethereum!” he [added in a separate post](https://truthsocial.com/@realDonaldTrump/posts/114093946326587357). Bitcoin ([BTC-USD](https://finance.yahoo.com/quote/BTC-USD)) rose nearly 9% Monday to more than $92,000. The jump comes after bitcoin saw [its worst month in February since June 2022](https://finance.yahoo.com/news/bitcoin-falls-nearly-17-in-february-to-cap-worst-month-since-june-2022-220812447.html), dropping roughly 17% as [the so-called Trump trade lost steam](https://finance.yahoo.com/news/the-trump-crypto-rally-is-fading-174300635.html).

aJoshster

If you like the stock plays for the long haul, MSTR, MARA, RIOT, check out DAPP ETF. It's the picks and shovels or "own the basket" play for crypto and distributive economy adjacent stocks.

Exotic_Cantaloupe_96

I have MSTR, RIOT and MARA. My ISA doesnt have Bitcoin ETFs

Nickeless

I personally think bitcoin is being driven up way too much by insane schemes like MSTR, MARA, and RIOT are running. BUT I also think bitcoin makes more sense than gold in the store of value sense. It has a known supply, it’s easier to transfer, easy to secure, etc etc. But I think bitcoin and gold are both sorta dumb. I think investing in equities and bonds make way more sense than something that does literally nothing.

na3than

You say "never", but the chart you posted shows that from early September to early November you SHOULD have invested in RIOT. The data doesn't lie.

MichaelAischmann

I mean BTC is traceable. Authorities (and exchanges) keep lists of addresses & UTXOs with funds they deem unlawful. Maybe because they originated from hacks or theft or because they are financing terror. Whatever the reason, miners such as MARA or RIOT operate in compliance with authorities. When their miners see a transaction from blacklisted sources, they exclude it from the next block. Smaller miners or miners in other jurisdictions might not have the same complexion about including these transactions. That's how the blockchain remains censorship resistant. That's why decentralization is important.

callebbb

You know the Federal Reserve Bank is a third party and NOT a federal organization. The name is intentionally confusing and obfuscates that fact. Powell is not “the US.” The US treasury can own Bitcoin and can own securities that may offer Bitcoin exposure, like MSTR or RIOT or MARA.

TrackingPaper

Hard to say but it's a toss up between MARA, RIOT and IREN.

Outside_Feed_8998

I don’t understand much of what you’re saying here, but I’m guessing this means that companies like CLSK and RIOT and others will likely rise significantly if you’re correct? I’m debating buying more CLSK. I came from a link you gave in r/clsk

SkitzBoiz

Look at MARA & potentially RIOT (higher risk imo) already lifting off.

redeembtc

>I dont think so other than tesla with their 10k bitcoin purchased years ago There are several * Tesla, Inc. (NASDAQ: TSLA): Tesla holds around 9,720 bitcoins, with a current value of approximately $937.49 million. * Coinbase Global, Inc. (NASDAQ: COIN): Coinbase holds about 9,000 bitcoins, valued at approximately $907.03 million. * Marathon Digital Holdings, Inc. (NASDAQ: MARA): Marathon holds approximately 40,435 bitcoins, valued at about $4.08 billion. * Riot Platforms, Inc. (NASDAQ: RIOT): Riot holds around 10,019 bitcoins, valued at approximately $1.01 billion. * Hut 8 Mining Corp. (NASDAQ: HUT): Hut 8 holds about 9,109 bitcoins, valued at approximately $918.02 million. * CleanSpark Inc. (NASDAQ: CLSK): CleanSpark holds approximately 9,297 bitcoins, valued at about $936.96 million. * HIVE Digital Technologies (NASDAQ: HIVE): HIVE holds around 2,377 bitcoins, valued at approximately $239.56 million.

New-Post-7586

They are a mining company, so you can bet they WILL be selling at some point. However, using the guise of micro strategy’s method this could make them more appealing to investors. This company is also known for diluting the shit out of its investors and devaluing its shares. Source: was a bag holder of RIOT last cycle.

tapakip

That was true during the bear market, but the new kids on the block have been crushing for a long time now. Check out their performance vs 1 year ago today. Included BTC and the following miners: RIOT MARA CIFR CLSK HUT WULF BTDR Only RIOT has sucked this year. CLSK and MARA have both underperformed BTC. But the rest are all outperforming BTC. [https://imgur.com/a/fnktjzX](https://imgur.com/a/fnktjzX)

Federal_Photo2692

Yea. They all were skyrocketing in like 2021 and then then all crashed huge. Just starting to gain traction again. In 2019 $GRYP was at like $4000 per share and then got obliterated down to Pennys. It’s been a rough go for some. It’s a new industry though and they are climbing back - $RIOT owns like 11,000 bitcoins. 

CaoNiMaChonker

I bought RIOT 2026 leaps last year instead of MARA, press F for me brothers

baconlove5000

My RIOT stock is 33% down lol. Will sell when it’s 100% up 💎

Federal_Photo2692

BTC miners are buying Bitcoin to acquire more but also giants like Blackrock are quietly acquiring huge positions in Bitcoin miners. All the big miners like $MARA, $RIOT etc. have huge stakes owned by Blackrock. I’ve been loading up on penny stock miners as I think that’s the only way to make a bunch of money since I won’t sell my Bitcoin. The big miners are becoming Blackrock property because Blackrock wants to manipulate the market in the future. 

Dazzling_Marzipan474

Well now mostly BTC proxies(MSTR, MSTU, MARA, RIOT)😂 But a little GME, RIV, HOOD. I'm sitting on mostly cash because I feel the market is overbought. Prolly get back in soon

Federal_Photo2692

Bitcoin is an investment that will outperform any stocks you can buy. Whether you want to make money down the road or just protect your wealth, bitcoin is basically the best thing I could recommend. Physical gold and silver is good to protect money but nobody is buying bullion to make money. It’s always a hedge against fiat. Bitcoin realistically could get to a million per coin in a few years. So, 100K today could make you a million. No stock could do that in the same time. Anything related to Bitcoin will make you money too most likely. All of the mining stocks whether it’s a penny stock now like $PDFi, $CBIT, $GRYP, $BIGG, $WNDR etc. or a big mining stock like $RIOT, $MSTR, $MARA will all probably give you big returns over time as well but nothing will ever be as valuable as the actual bitcoin itself. I don’t really think you can lose with it. 

Expensive_Fox_1071

These stocks are way more volatile than Bitcoin! I live in the UK and unfortunately cant buy Bitcoin in any traditional wrapper like an ETF. Still I am long RIOT, IRIS, CSPK as a proxy to bitcoin in my pension!

DeepestWinterBlue

RIOT IN TOP 5? More than Tesla?

RatherCynical

The true bottom is the CVDD. In the case of recession, 0-0.25% Fed announcement. That's MSTR, Bitcoin, Stacks, and KAS. COIN and RIOT might lag a little before they rally.

RatherCynical

111 day moving average crossing the 2 x 350 day moving average. That's a very major signal to GTFO and buy puts on IBIT/MSTR/RIOT. Alternatively, if a recession hits the United States

MichaelAischmann

Bitcoin mining companies cans seamlessly switch between mining BTC & mining BCH and many of them do that on occasion, depending on what is more profitable at any given time. Which one do they prefer to sell in order to fund their operating costs? Do miners like MARA or RIOT have a preference regarding what which coin they like to keep on their balance sheet?

RatherCynical

What's wrong with a high conviction 10x? Let's suppose you start with $10,000.00 You turn it into $100,000.00 with PEPE or something. The cycle is over, you buy puts on RIOT for another 50%. You're at $150,000.00 You get another cycle with Bitcoin at the bottom. You buy some STX, RENDER, KAS, and so on. You can 3-5x easily. You're at $450,000.00 At bull market mania, swap to something like SUSHI, CAKE, etc. That's at least another 10x. You'd be at $4.5million. And so on. There is no reason to need to chase a 1000x cryptocurrency. Having conviction and knowing your entries and exits matter more. Knowing when Bitcoin collapses matter more. Knowing when Bitcoin bottoms matter more. Chasing a 1000x is more likely to make you go bust. And a thousand times zero is still zero.

pineapplekiwipen

Let's dig into this nonsense: MSTR holds $25.3B in BTC with $71.8B cap. That's 35.2% of market cap backed by btc RIOT holds $0.9B in BTC with $4.1B cap. That's 21.9% So, in short, no

Meanmanjr

Yeah. I had to invest in COIN/MARA/RIOT. Luckily COIN has outpaced BTC..

secondtrades

There are other Bitcoin plays without specifically owning Bitcoin. Look at some of the miners. I'm heavily into RIOT and BITF. Some other plays are MARA, CLSK etc. Use your gains to then start buying more BTC

thesquekywheel

Can you do me a favor? Can you give me some information to convince me? Lets say I'm already well off. I own a 1M house, a diversified portfolio of 5 M that generates a dividend income of 100K a year, two cars that will work well for at least the next 10 years, and have a decent job that pays into a state pension plan. Let's just say I've got these things. For what reason should I trade in something so volatile as BTC? I'm seriously trying to decide if I should go in on stocks like RIOT, MARA, and BTC. However, I always seem to just conclude this is too risky or volatile for me and just stack up on more VOO, VO, VB, and DBEF. It also seems like BTC will become more regulated by governments which seems counter to the whole point of it. Or am I wrong? Is BTC investing the better place for me to be putting money?

Dazzling_Marzipan474

They'll be available in January for IBIT BTC ETF. Currently I trade MARA, RIOT, CLSK, MSTR. They perform very similarly to BTC. These are available at any broker.

RatherCynical

We're likely to see a recession when the printers get turned back on for real. Watch the un-inversion of the 10y minus 3m, watch the High Yield credit spreads, and watch Initial Jobless. When those things get too high, it's risk-off (RIOT/COIN puts) until 0% interest. Then risk goes back on because we'd be printing like hell

ianyboo

I've been buying HUT, MARA, and RIOT off and on for about 3 years now, unfortunately when everything crashed into oblivion back in late 2021 I had some unexpected expenses and had to sell at a massive loss. I've been trying to rebuild my position in them but it feels like I'm late to the party now and they just refuse to move with (or outpace) bitcoin anymore. I can just picture the near term future where BTC is breaking 100k and all the miners are flat or red. So frustrating.

RatherCynical

The UK has derivatives on Bitcoin mining companies. My RIOT calls are doing okay. Deep OTM, the 1.618 Fib extension says the top is around the 120ish mark.

DicksFried4Harambe

Anyone betting on miners too? Got some CIFR, HUT, WULF, RIOT heard SQ does some custody too- don’t quote me

Dutchman_88

Wish I did the same. Im holding MARA, RIOT and CLSK bags. The BTC miners got absolutely destroyed they are definitely not following Bitcoin anymore. Actually they do. When BTC dumps they dump harder. But they never follow BTC when it goes up. Worst investment decision ever.

bob4256

If it doesn't work out I'll continue living in my van and working 340 days a year and filing bankruptcy in 2 years. If it works out I retire in 9 months. My portfolio is 170% bitcoin and bitcoin stocks. (COIN, MSTR, MARA, RIOT, IREN, HUT, CLSK, WULF, BITF.)

TheDumper44

It's US full equity index low cost vanguard ETF. It has stakes in things such as MSTR and RIOT which are directly tied to the price of Bitcoin and mining Bitcoin.

TheDumper44

I have heard some numbers that make it seem not as great when you take into account generator life span. That's assuming you are mining next to a fracking site. I am sure you could dive into RIOT or other public traded miners to see some real numbers. That figure just seems like it's no where close to being fully burdened though, but maybe I'm wrong.

LargeSnorlax

It isn't reputable either. The **entire purpose of Bitcoin is so that you do not have to go through third parties or financial institutions to use your money**. It is literally, *literally* the first sentence in the whitepaper. > A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Brian Armstrong, CZ, Justin Sun, and all the people who are getting rich off scalping your transactions on their barely-legal exchanges require you and your crypto to survive and prosper. Their entire existence is born off you and stealing your hard earned money with fees. Without you they are literally nothing. Giving your crypto to Brian Armstrong and saying you're into Cryptocurrency is the most nonsense you'll ever spit out of your mouth. You don't have Cryptocurrency when you've given it away to someone else. If you want exposure to Cryptocurrency but don't actually want any, there are plenty of options now, go give Blackrock some trading fees or buy RIOT, MSTR, or any of the mining stocks, but don't say that you've got crypto when you've traded it to some third party leech for a crypto IOU. Even if the exchange *doesn't* go under, you don't own shit. You gave away your keys, you gave away your coins.

Dazzling_Marzipan474

I would sell BTC options if possible but for now it's just MARA and RIOT basically

GodBlessYouNow

1. **Marathon Digital Holdings (MARA)**, Las Vegas, 23.7 EH/s 2. **Riot Platforms (RIOT)**, United States, 18 EH/s 3. **CleanSpark (CLSK)**, Texas and Georgia, 15.6 EH/s 4. **TeraWulf (WULF)**, New York and Pennsylvania, 5.5 EH/s 5. **Hut 8 Mining (HUT)**, United States and Canada, 7.5 EH/s 6. **Bitfarms (BITF)**, United States, 3.5 EH/s 7. **Core Scientific (CORZ)**, United States, 17 EH/s

CreepToeCurrentSea

Here's the mentioned crypto stocks: *Crypto exchange Coinbase's* [*(COIN.O), opens new tab*](https://www.reuters.com/markets/companies/COIN.O) *shares climbed 3.7%, while miners Bitfarms , Riot Platforms* [*(RIOT.O), opens new tab*](https://www.reuters.com/markets/companies/RIOT.O) *and CleanSpark* [*(CLSK.O), opens new tab*](https://www.reuters.com/markets/companies/CLSK.O) *were up between 3.4% and 4.5%.*

Blooberino

RIOT was a big winner during the last cycle. Unfortunately the stock dumped bigtime when crypto dumped, so you'd have to time that exit well.

BDCRA

around 2009 my dad was really into computers always had been. I was 14. we was talking about btc and it was a joke pretty much then to be honest. I got on a few sites just being a dumb kid and they would give you free btc I know one site was giving out 39 coins to whoever joined and I did it. No idea what happened to them though lol. I have all the receipts to prove this is true but when btc was 15k I bought like 1500 shares of RIOT at like .25-.50 a share. I had to sell cause of an emergency and I checked back in a few months later and it was like $65 a share :( also had $800 in btc around that time when it was even cheaper around 6-7k. I have nothing to show for that but its okay.

chuckrabbit

He definitely does considering he doesn’t write his own policy or appoint his own judges. His son-in-law Kushner probably told him about BTC, just like all of his Pro-Israel and Pro-Saudi policy. He also knows about the millions donated from RIOT, Kraken, and other big BTC donors. Follow the money.

Erocdotusa

Must be why RIOT is so horrible lately

BTCWZRD

I wanted to get into minting so bad but it just seemed overwhelming sometimes. Still seems cool. Might do it later of but for now I’m just investing into mining companies like RIOT. Maybe use the returns on that investment and give mining on my own a try someday.

BTCWZRD

I moved past mining and just starting investing in mining companies like RIOT.

Erocdotusa

You should do the same for miner stocks next. $1000 each into all the talked about ones- MARA, CLSK, RIOT, IREN, CORZ, etc

Darryl_444

Big 3 down massively? Not over the last month as I said. Even after Friday's big dump, the big 3: MARA, RIOT and CLSK are within a few percentage points of flat on the month ([+1% to -4%](https://www.google.com/finance/quote/CLSK:NASDAQ?comparison=NASDAQ%3AMARA%2CNASDAQ%3ARIOT&window=1M)). While sector proxies WGMI and BITQ are up 34% and 17% respectively. My own miner portfolio is up 30% on the month. AI has indeed generated more buzz lately since CORZ announced a big deal, but there are still other pure miners (no HPC) are doing great over the same period, such as BITF +50%.

quintavious_danilo

MARA, HUT, CLSK, HIVE, RIOT… are all miner companies that you can keep an eye on …

kmahj

CLSK IBIT RIOT and FBTC. Never selling our pure form. Plan on taking loans against it if possible eventually. Looking at 2028 for that.

HerboClevelando

Calm down. RIOT has never made an annual profit in its entire existence, only remaining operational by constantly issuing new shares to the detriment of existing shareholders. Kerrisdale’s assessment is accurate.

nyaaaa

TIL: Kerrisdale Captial is RIOT and shorted itself, great take.

MoarStu

RIOT/MARA any large publicly traded miner. Your question answers the larger question. What about when demand exceeds supply? You get supply crunch and the price increases rapidly until traders take their profits. That’s why the goal and the sub preaches holding bc if there is no one selling then the price can increase infinitely.

Careless_Divide_9695

I am more hyped about bitcoin mining companies like MARA or RIOT than actual bitcoin itself. I think once btc breaks above 74k in a meaningful way, we should be seeing the mining companies pick up and outpace btc in terms of percentage gain

Drspaceman1717

But… there was already GBTC and investments in BTC mining companies (RIOT) that were absorbing some demand. The ETH demand has no proxy so it could be interesting! But it could also lower the investment in BTC?!

slothsareok

I’ve been doing in depth analyses on all the public miners trying to answer that and I haven’t figured out whether it truly will be profitable. Maybe? But I’d say that it’s not as simple as just plugging one in and then another and then another. You have to build the infrastructure and all so somebody has to make the hardware and that’s what Bitmain and Whatsminer and all does and then there those that specialize in building out the infrastructure and powering them up. I’m still unsure, it seems that so many of these purely fund their BTC holdings with equity raising and then tout their “HODL” strategy which I think is kind of dumb. If you think BTC is going up you should be building up your hash rate to mine more and sell more. Basically the investors have paid for you to buy BTC and sit on it instead of building up your operations. Anyways that’s my conclusion so far, HODL = Has Only Drastic L’s. (HUT, HIVE). I’ve supported RIOT too but they’ve been stagnant for like 2 years. Hopefully things pick up soon but yeah HODL is a gimmick, you’re not an ETF.

GetBent1990

DYOR, but you want to do it unless you have the ability to learn it. Look into mining company stocks instead if you aren't mining. CleanSpark, CORZ... fuck RIOT.

biba8163

> Crypto Industry He keeps talking about the Crypto Industry. An industry is a productive group related enterprises that produce or supply goods and services and provide jobs for general population functioning as an integral part of the economy. People who create crypto tokens and make money off selling them creating narratives that regulation will kill the "crypto industry" in the U.S, take away American jobs and is threat to national security and economic growth in the U.S is disingenuous and self serving pandering to low IQ crypto bros. In Nevada the gambling industry: - has a ~$90 Billion economic impact in the state - employees almost 30% of the state workforce - accounts for 43% of the state's GDP Crypto in the entire United States: - has a negligible economic impact - employees negligible number of people - accounts for a negligible amount of GDP anywhere Largest Crypto Employers in the U.S - Coinbase 3,400 - Kraken 2,500 - Gemini 900 - RIOT 530 - Galaxy Digital 430 Crypto is not an industry. People create tokens, hype them up, get rich dumping them, in a few years they mostly become worthless and the next round of tokens are hyped up. There are no services or products created. It does not create employment for very many people. The only economic activity is people like Hoskinson who has never worked a day in his life but gotten rich off selling tokens multiple projects including Bitshares and Cardano. If it were an industry being impacted, tens of thousands of people whose jobs and lives would be impacted would be rallying and demonstrating. It's not an industry, so the snake oil salesmen who sell these tokens try to rally token buyers under the guise of patriotism, freedom and the big bad government is going to drive away American innovation and jobs overseas.

GetBent1990

I agree with the above. 130k EOY. OR at least 85k. I am swamped in IBIT (almost 750 shares now). My RIOT and CORZ are still holding strong somehow. I got faith. I woke to a huge loss today, but hopefully, EOY and price prediction for 2025 is accurate enough to cash out l.

Theta_kang

I was watching a segment on CNBC just recently that had interview segments from the CEOs of MARA and RIOT. Consensus was that about 15% of miners will go out of business (and some of their facilities/equipment bought up by bigger and more efficient companies), but all of the publicly traded ones will be just fine with BTC above $50k.

AgedPeanuts

MARA, RIOT, CLSK, WULF.. they won't be profitable unless Bitcoin price catches up and makes up for the difference.

kingryan824

Efficiency is the name of the game. CLSK, IREN, CIFR, MARA, RIOT are the ones that will be big.

Kronos5111

I think they will. Just bought 100 share of RIOT when it was at $8. I believe their infrastructure is sufficient to survive the halving but it may take an earnings call or two after the halving for confidence for them to potentially moon shot again.

HerboClevelando

Yes. Look at a publicly traded company’s quarterly and annual reports. Total expenses vs. BTC mined. Be careful what you wish for though…you’ll discover that, for example, RIOT has never made an annual profit yet mining BTC, and only stays in operation by continuously issuing new shares to fund ongoing operations. And their fledgeling revenue will be cut in half at the halving…

SufficientNet9227

We need to ask RIOT at 52 weeks low.

SufficientNet9227

RIOT holder here u feel your pain.

GetBent1990

truuuu this. my iBIT and RIOT rely on a breather

Ghostserpent

I guess it could be but at the same time, bitcoin will likely double in value which would bring more competition to the mining space. If the price significantly increases like it usually does, people aren’t just going to sit on the sidelines and let MARA/RIOT/etc. get all the bitcoin

Walternotwalter

Here is the correct information. Each reward halving consolidates mining. It incentivicizes the RIOTs and MARAthons of the world to continue to invest in mining at the cost of smaller miners mainly because RIOT and MARA are multi-billion dollar market cap publicly traded companies. They mine the BTC for the OTC transactions of ETF inflows primarily into IBIT and FBTC and for exchanges like Coinbase, Kraken, and Strike. The smaller miners get squished due to less profitability via reward and as energy gets more expensive. The security of the market and hash rate does not change. The real increase is the time it takes to get an ROI on mining capex. BTC's value is not determined by that. Nor is its scarcity. Value is essentially based upon greater fool theory as is essentially all crypto right now, even if I am a believer in and user of Strike's network. The scarcity is predetermined at 21,000,000 BTC.

serialmentor

Oh, I forgot about RIOT. But looking up all these stock tickers now none of them seem to be doing that well.

DegenerateDTE

Took out a personal loan of 30k 16% APR for 3 years when Larry fink went on Fox News talking about BTC etf submission and how it can help people save for retirement last year. Bought MSTR,CLSK,MARA,RIOT stocks with loan and sold off my stocks recently except for some MSTR and CLSK made over 125k profit. Easiest trade of my life alongside buying 2bitcoins during FTX collapse average price of 19k.

Jazzlike_Record_8915

What's your fave miner? MARA? RIOT? WULF? HUT? CLSK?

BMX_ROIDZ

> Afaik Key words here because you clearly did not read the atricle that was posted about Riot Platforms, $RIOT. Because of their electricity deal with Texas it only costs them about $6000 to mine 1 BTC.

Darryl_444

Yes, of course. If the future was certain, there would be no risk, and no rewards. That's partially why I was comparing them to Bitcoin itself, upon which they are obviously very dependent. Similar to miners of precious metals and other resources. A generic (historically representative) [30-day-moving-average Bitcoin mining cost / price ratio](https://en.macromicro.me/charts/29435/bitcoin-production-total-cost) is currently 0.75, which is far lower than it was at this same point in the previous cycle (1.16). It's also currently lower than it has been for the past two years, as usual. At the price peak of the last cycle, the ratio was 0.42. It spent a year and a half lower than 1.0. That source claims the current average cost is $52K/coin, but in reality the major miners are producing at much lower costs. RIOT and MARA are currently in the range of [$20k-$30k](https://cryptorank.io/news/feed/cade3-marathon-vs-riot-analyzing-the-true-cost-of-mining-1-bitcoin) per coin, all-in. They'll be more than fine even at current Bitcoin prices, even though the cyclic peak is traditionally still a year or so away.

ZekeTarsim

There is no way RIOT’s cost is that low

RAEL-007

Black rock does not buy BTC, they mine it with free electricity. Here a some of the mining companies they own. Stock symbols. WULF MARA RIOT CIFR BITF The investors behind Black rock own America and Wall Street. Period.

SmoothGoing

Ehh let's see some stats. MARA 260 mil profit for last available year. Digihost 4 mill profit. RIOT 50 mill loss. HIVE 235 mill loss. Bitfarms 105 mill loss. Cleanspark 130 mill loss. Argo 195 mill loss. Bitdeer 60 mill loss. Bit Digital 105 mill loss. Terawulf 70 mill loss.

0DTEx

I don’t know how they come up with the number but I’d be surprised if break even was 23k in 2020. RIOT’s cost per coin today is $7500 a coin. Granted once they work in dilution and c suite bonuses it gets up to like 100k+ per coin but that’s not really relevant to everyone’s true break even.

Profil3r

Last year I put 50% of my Roth in GBTC. Also COIN, MARA and RIOT. 2023 performance was 102%. This year I sold the GBTC and bought FBTC.

devett27

I think RIOT is best setup for the halving. They have the ability to sell massive amounts of electricity back to the Texas grid. I may be wrong but I think RIOT’s cost per BTC mined is currently $7500 vs CLSK around $35k

chumeanbro

You think you "missed the bull run" and you're afraid of buying at ATH ? Miners stocks (MARA, RIOT...) are oversold right now despite the latest crypto rally, you can start DCA into them for a guarenteed +100% at least

BitcoinFan7

Especially bitcoin-centric companies like RIOT for example, they must see the impact this sort of thing has on share price.

BitcoinFan7

Kind of curious why other bitcoin focused players like RIOT, etc. aren't doing the same strategy.

secondtrades

I'm long Bitcoin and I'm also curious. It is a good question. I know transaction fees will increase. I'm heavily in RIOT and IBIT (small position)

Kevcky

Frankly, now you're just wasting my time. It's literally called demand response mechanism. So yes that implies a mechanism on consumer side. I'm not saying it's the end all, be all of balancing. But DRMs are a well established mechanism for industries that consume large amounts of electricity, which help increase the predictability of on demand side or at a cost help to free up flexibility when needed. You asked what happens if they would not plan to turn it off, i'm just providing an answer. If you don't understand what I'm saying, then ask. I'm willing to explain. But here you're just cutting corners. For the record, [There are bitcoin miners like RIOT Platforms who are already participating in these type of contracts through ERCOT in Texas. Meaning they will resell pre-purchased power back to the grid](https://www.texastribune.org/2024/01/03/texas-bitcoin-profit-electricity/) whenever it makes sense to do so.

fireballx777

I'm kind of baffled why they're not pumping in tandem with Bitcoin price, as they've done in the past. MARA and RIOT are slightly down for the day, with ETFs up ~4.5%, and MSTR up over 9% (all as of the time of me writing this). This has been the trend for the past couple months. We might see miner stocks surge when FOMO kicks in, or they might be decoupled this cycle with people now having an easier avenue to get Bitcoin price exposure in their brokerage accounts via the ETFs

nyaaaa

> buying RIOT, MARA and COIN option calls!! Except if btc price suddenly drops a bit and you get striked.

Significant_Dog8031

2024 money glitch -> buying Bitcoin ETFs, RIOT, MARA and COIN option calls!!

Significant_Dog8031

That’s why I’ve been buying up Bitcoin ETFs, RIOT, MARA and COIN stocks too!

Significant_Dog8031

I heard that and got paid today. Will probably buy some RIOT and MARA calls Monday morning 🥰