According to CoinDesk, the stock of Riot Platforms (RIOT), a listed Bitcoin mining company, fell more than 6% on Wednesday, underperforming its peers.

Previously, the well-known short-selling agency Kerrisdale Capital stated that it would short RIOT stock and go long on Bitcoin (BTC). Kerrisdale accused the miner of exploiting retail shareholders through the ATM market. The short seller also pointed out that he held Bitcoin (BTC) to hedge the risk of shorting miners.