Kerrisdale Capital declares war on Bitcoin miners, calling them "snake oil salesmen" and shorting Riot Platforms, which it claims is "headed for a mine collapse." ๐ Riot, however, refutes these claims, stating that their 2024 growth plans will prove Kerrisdale wrong. Meanwhile, industry insider William Foxley believes that Bitcoin mining in the U.S. is bullish and that it's a bad time to short Bitcoin mining. Kerrisdale's report led to a drop in Riot's stock, but it has since recovered. Despite Kerrisdale's negative outlook, former President Trump has shown strong support for the industry.