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Riot Platforms (RIOT) stock slides after Kerrisdale Capital reveals short position

June 5, 2024 11:03 AM EDT

Riot Platforms (NASDAQ: RIOT) shares fell more than 5% Wednesday after Kerrisdale Capital said it is short the bitcoin miner.

The short-selling firm claimed the company "does a far better job playing energy arbitrage games and issuing stock than generating shareholder value by mining... More