Riot Platforms drops after Kerrisdale Capital shorts bitcoin miner

** Shares of bitcoin miner Riot Platforms RIOT down 8.1% at $8.8 in early trade

** Kerrisdale Capital says that they have taken a short position in RIOT

** "Today, we launch a war against bitcoin miners, an industry of snake oil salesmen that are incinerating both investor capital and the environment and should be banished from America much like the Chinese RTO frauds that we helped kick out a decade ago," investment firm Kerrisdale posted on X

** Reuters could not independently verify the allegations

** Upto Tuesday's close, stock had fallen ~37% YTD