U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry.
Investment firm Kerrisdale Capital is launching “a war against Bitcoin miners,” calling them an “industry of snake oil salesmen.” In response, mining firms have mostly declined to comment.
Kerrisdale’s thesis coincides with its latest investment report, which claims Riot Platforms is “headed for a mine collapse.”
Cointelegraph spoke with Sahm Adrangi, CEO of Kerrisdale Capital, to better understand Kerrisdale’s claims.
