“Bitcoin mining: Riot Platforms 10k is full of tentacles” – Amy Castor & David Gerard

“Riot pays its executives well beyond the company’s carrying capacity. Riot CEO Jason Les is getting $21.5 million a year, mainly in bonuses and stock. Executives awarded themselves another $213.6 million in stock and options as of January 2024 — but it’s performance-based! They’re really efficient at setting money on fire”

https://amycastor.com/2024/03/04/bitcoin-mining-riot-platforms-10-k-is-full-of-tentacles/