There is no chance this is good news.
Something material — and very likely, adverse… has turned up.
And Riot management needs more time to figure out how… to spin it.
No large cap public company. . . ever. . . does this.
Unless the CEO was killed in a plane crash, this afternoon — the show must go on. That is why companies have CFOs and CIOs.
That’s the only way to read this.
Buckle up — for this to fall like a rock in the morning, on the NASDAQ.
No sensible company cancels their quarterly results (loss) call on the night before a webcast and says “we will tell you later — when we’re gonna tell you what it is all about.”
I N S A N E.
Just an honest question here: has Jason Les… been fired?
Did the only AI commit/contract scale back, or walk away — from its commitment?
Look for Riot to fall 20% or more — tomorrow morning.
नमस्ते