News Explorer — Bitcoin Miner Riot Stock Recovers After Short Seller Attack

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Jun 6, 10:14 am

Decrypt

Bitcoin Miner Riot Stock Recovers After Short Seller Attack

Despite being targeted by short seller firm Kerrisdale, Bitcoin miner Riot Platforms has seen its share price recover after a sharp drop. Bitcoin miners play a crucial role in validating transactions and securing the network. While Kerrisdale predicts a "mine collapse," defenders argue that Bitcoin mining is necessary for the Bitcoin network to operate.

Despite being targeted by short seller firm Kerrisdale, Bitcoin miner Riot Platforms has seen its share price recover after a sharp drop. Bitcoin miners play a crucial role in validating transactions and securing the network. While Kerrisdale predicts a "mine collapse," defenders argue that Bitcoin mining is necessary for the Bitcoin network to operate.

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