🚀DeFi enthusiasts, gather 'round! Kerrisdale Capital is playing the Grinch to Bitcoin miners' Christmas, calling them "snake oil salesmen". Riot Platforms, they say, is on the brink of a "mine collapse". 🧨💥

Sahm Adrangi, Kerrisdale's CEO, argues that these are not viable business models. They're like a bad magic trick, making $41 million in shares disappear in just four months of 2024. 🎩🐇

Riot, of course, disagrees. They're like, "Hold my beer, watch our 2024 growth plans." 🍺👀

Meanwhile, William Foxley of The Mining Pod is cheering on U.S. Bitcoin mining, especially with another Trump presidency. But Kerrisdale is not impressed, criticizing Texas's energy policy and Riot's safety concerns.

Despite the drama, Riot's stock price has stabilized, and they've got Trump's support. Adrangi, though, remains skeptical.

What's your take? Are Bitcoin miners the future, or just a flash in the pan? Sound off in the comments! 🗣️👇

#DeFi #Web3 #Blockchain #BitcoinMining

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