... sacrificing the long-term stake of shareholders. Thus, Riot balances between borrowing against BTC and partially selling its output, combining both methods to minimize capital dilution. Marathon Digital, on the other hand, is also actively leveraging traditional capital markets. In addition to periodic stock sales through ATM programs, Marathon has previously secured loans collateralized by bitcoins and equipment. For example, it expanded its energy capacities, financing them through issuing convertible ...

... the development of digital platforms. Song et al. (2021) noted that they allow to create a unique ecosystem of the digital economy that brings together an unlimited number of participants. As a result of the development of the platforms, almost all traditional methods of business management, including strategy, marketing, manufacturing, research, human resources development, are undergoing a revolution. It allows to achieve the desired results with minimum effort and resources. Abstract The difficult ...

... currency. Actions of the Central Bank From January 15 to February 6, the Bank of Russia is increasing currency interventions in the market as part of its budgetary regulations, positively impacting currency supply. Tax Period During this time, exporters traditionally sell currency to pay taxes, increasing demand for rubles. Rising Commodity Prices The increase in the prices of oil, gas, and gold — Russia's main export commodities — supports currency inflows and strengthens the ruble. High Interest ...

... inevitably align with the oil companies. Currently, the main risks are tied to rising diesel fuel prices, though the peak demand season has also ended. The primary driver of diesel price increases is high demand for winter-grade diesel, which is traditionally produced in smaller quantities than summer-grade fuel. Diesel prices accelerated in October, but not to the extent that would warrant a precautionary export ban on gasoline or outright restrictions on diesel exports. According to Tereshkin,...

... accommodate oil companies, Tereshkin believes. Currently, the main risks are associated with rising DF prices, though its high-demand season has also ended. The primary driver of DF price increases is now the high demand for winter grades, which are traditionally produced in smaller quantities than summer grades. In October, DF price growth accelerated but not critically enough to warrant a preventive export ban or direct restrictions on DF exports. As Tereshkin notes, for DF, oil companies traditionally ...