Riot has invested $180 million since April in accumulating 19.9% of Bitfarms
Stronghold resumed a $1.6 million monthly debt amortization in July
Implied hashcost suggests they are mining at gross loss at the moment
And debt is trending up too!
Ben Gagnon joins the board after CEO promotion
Bitcoin hashprice tumbled to record lows
Pure-play miners going Microstrategy route
Outpacing network's hashrate growth
Riot invests $159 million in accumulating Bitfarms shares at average cost of $2.22
Hashprice down to $46/PH/s following record difficulty
Transaction valued at $1.54 million per MW
Shareholders as of Sept. 26 are entitled to vote