Bitcoin mining company Riot's stock price fell 6% after being shorted by Kerrisdale Capital
Riot Platforms (RIOT), a bitcoin-listed mining company, performed worse than its peers. Prior to this, the well-known short-selling institution Kerrisdale Capital stated that it was shorting RIOT stocks and going long on bitcoin (BTC). It is reported that Riot's stock price was one of the worst performing cryptocurrency-related stocks on Wednesday, falling more than 6%. A representative of Riot did not immediately respond to a request for comment.
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