‘War Against Bitcoin Miners’: US Investment Firm Sparks Industry Backlash
Summary
Kerrisdale Capital launched a campaign against Bitcoin mining companies, particularly targeting RIOT Blockchain. They criticized RIOT's business model, financial position, and environmental impact. The industry responded, defending Bitcoin mining and criticizing Kerrisdale's motives. Some experts highlighted the environmental benefits of Bitcoin mining and suggested focusing on investing in Bitcoin directly. BTC traded at $70,820 at the time of the article.
