Interesting article at SeekingAlpha
https://seekingalpha.com/article/4619136-riot-platforms-my-levered-btc-bet
Since 2019, the number of RIOT shares outstanding has increased by over 1,100%. This level of dilution is far worse than competing firms like HIVE Digital Technologies (HIVE) and Hut 8 Mining (HUT).
https://seekingalpha.com/article/4619136-riot-platforms-my-levered-btc-bet