Riot Platforms CEO Reaffirms Plan To Boost Bitcoin Yield But ‘Not Looking Too Closely’ At Michael Saylor-Led Strategy’s Maneuvers

Jason Les, CEO of leading Bitcoin (CRYPTO: BTC) miner Riot Platforms Inc. (NASDAQ:RIOT), stated on Monday that the company was committed to boosting Bitcoin yield for its shareholders but denied exploring maneuvers like those of  Strategy Inc. (NASDAQ:MSTR) as yet.

What happened: During the firm’s fourth-quarter earnings call on Monday, Les outlined the significance of offering a higher Bitcoin per share by minimizing dilution. 

He pointed out that the company’s mining operations, characterized by a “very low” direct cost of production, are the key to this strategy.

“And of course, always going to be looking to raise capital in the least dilutive, lowest cost of capital manner in order to enhance Bitcoin yield,” the CEO added. 

The “Bitcoin Yield” metric, popularized by Strategy, the world’s largest corporate …

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