Riot Racers

  • RIOT

  • $0.0015

  • N/A

Asset Appearances

Fri, March 1, 2024 | 10:07AM ET

⚡ FlashInsights

Fri, March 1, 2024 | 10:07AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
🔥 🔥
For those looking for related upside to Bitcoin BTC, the crypto miners are highly correlated: MARA -2.73%  RIOT -0.33%  IREN 4.46%  Even COIN -0.62%  See regression-based price levels as Bitcoin price changes
Assets
Fri, January 12, 2024 | 10:40AM ET

⚡ FlashInsights

Fri, January 12, 2024 | 10:40AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
🔥 🔥
The choppy equity performance of first two weeks Jan tells us we are in a “difficult” period and probably like this most of first half
  • but as we noted in our latest note and video
  • we see new highs in Jan because this is what happens when we get within 1% of all time highs
  • but new highs doesn’t mean “easy sailing”
So be wary. For the full year, our top ideas:
Assets
Thu, January 11, 2024 | 9:47AM ET

⚡ FlashInsights

Thu, January 11, 2024 | 9:47AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
🔥 🔥
Regarding bitcoin miners, most produce bitcoin at$6000 This is why the price is leveraged to price of bitcoin MARA -2.73% RIOT -0.33% IREN 4.46% HUT -0.21% WGMI -0.17%
Thu, January 11, 2024 | 8:47AM ET

⚡ FlashInsights

Thu, January 11, 2024 | 8:47AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
🔥 🔥 🔥
If one wants a leveraged exposure to bitcoinBTC, the miners are. Below regression stock price to bitcoin price:
  • Price Now -> Price If BTC$100k
    • MARA $26 -> $377
    • RIOT $16 -> $463
    • HUT $16 -> $206
    • COIN $151 -> $2,832
From the above: These are historical correlations. But you see the implied upside is large.$100k bitcoin is basically a double but miners could rise more
Assets
Thu, January 4, 2024 | 11:34AM ET

⚡ FlashInsights

Thu, January 4, 2024 | 11:34AM ET
Tomlee
Tom Lee, CFA AC

Co-founder and Head of Research
🔥 🔥 🔥
For those following the potential spot ETF approval ofBTC #bitcoin, the clues are becoming louder and tangible
  • see tweet from chief counsel of Grayscale
  • “Forms”?
The crypto miners are highly leveraged to the spot price of Bitcoin https://x.com/craigsalm/status/1742903003399463313?s=46&t=ox_Iko2UDeJ6GX8T2qbNkw
Assets
Tue, December 19, 2023 | 12:30PM ET

⚡ FlashInsights

Tue, December 19, 2023 | 12:30PM ET
Sean
Sean Farrell AC

Head of Crypto Strategy
Terawulf (WULF -2.00% ), a smaller Bitcoin miner, released their November production report, noting that they achieved a 3% production growth from October, largely due to transaction fees. They are one of several miners to have acknowledged the inscriptions-driven windfall in a company press release. We believe that equity markets will begin to reassess and reprice miners higher once this dynamic is recognized by traditional equity analysts.MARA -2.73% RIOT -0.33% WGMI -0.17%
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