General presentation of Riot Blockchain
Knowing the company on which you invest in the stock market is of course essential to better understand how it generates profits and thus what will be its most likely progression in the months or years to come. Here is a detailed presentation of Riot Blockchain and its activities.
Riot Blockchain Group is an American company formerly known as Bioptix Inc that specializes in crypto-currency mining. Specifically, the company's activities focus on exposure to the blockchain ecosystem through its cryptocurrency mining operations but also through internally developed activities, joint ventures, and targeted investments in this business sector.
Currently, the group is primarily focused on Bitcoin and general blockchain technology. It has deployed nearly 8,000 application-specific integrated circuit, or ASIC, miners at its cryptocurrency mining facility in Oklahoma.
Through its subsidiary TESS Inc, the group is also developing a block escrow service for wholesale telecommunications companies and also holds a 13% stake in Coinsquare, a digital currency exchange in Canada, and Verady LLC, which provides cryptocurrency accounting and verification technology services.
The company employs only 8 people.
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