The Speculator OP 72336026 : who? What is your definition of ‘hugely’? Look at their position size also, 0.01% in minimal exposure, ans most are based on inclusion in ETFs.
From Grok:
As of the latest available data (post-May 2025 transaction, confirmed through November 2025 filings and reports), Subodh K. Kulkarni owns 0 shares of Rigetti Computing (RGTI) common stock directly.
The CEO does NOT own any shares, does this look promising?

The Speculator : What’s your thesis behind your investment?

The Speculator OP 小财迷JoJo : I assume you’re talking about IonQ, the post is about $Rigetti Computing (RGTI.US)$.
For IonQ, if you acquire enough business, it will look like revenue growth. But separate it into organic and inorganic to show the whole story, IonQ is clearly diversifying to other part of Quantum like quantum sensing etc.
For a CEO who states their system will make Nvidia chip look like a joke by 2027, does that sound plausible?

The Speculator OP 小财迷JoJo : I think for momentum trading, it applies to the quantum industry. Traders will win or already won, most of them already 10x within a year.
My concern is for those who just jump in without doing research, chasing the next “Nvidia”
Is there long term value? Maybe, I’ll make the argument that the current valuation already priced in most of the upside. Just look at the P/S compare to other growth companies,  the only way it is justified is from a breakthrough.

The Speculator OP Calvin Kuang : I’m here for swing trade only, but it’s down because crypto and HPC industry is down along with broader market pullback.

The Speculator OP 73895873 : Essentially they raise $76.5 million at $17 which is above mNAV, hence accretive for investors because it allows them to increase ETH concentration ( ETH per share).
In addition, they allow the investor to further purchase 4.5 million share at $17.5 within the next 90 days (raise an additional $78.8 million). This is the incentive for the investor to purchase at a premium to the current share price.
BMNR had a similar raising but they hand warrant instead, which is exposed to cashless exercise (dilution without fund raise), but at a higher premium price of $87.5 if im not mistaken.
So the deals are actually more complex than they seem. But overall it’s a good thing.

The Speculator : I think the convertible bonds are taking some time because they want to get the interest to be below 3%, so that staking rewards can cover it.
For ETH denominated revenue streams, it was mentioned they had several ideas, but did not share the details. I assume there will be more clarity next year, as likely still early stage.

The Speculator OP 103683135 : This one