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RIOT - Riot Blockchain, Inc

Riot Blockchain, Inc logo Riot Blockchain, Inc. (RIOT) is a publicly traded company that is primarily focused on the cryptocurrency industry. The company's mission is to build, support, and operate blockchain technologies and related digital assets in a secure and decentralized manner.

RIOT's main business activity is bitcoin mining, which involves using specialized computer equipment to validate transactions on the Bitcoin network and earn new bitcoins as a reward. The company also holds a portfolio of digital assets, including Bitcoin, Ethereum, and Litecoin, and has invested in blockchain-related businesses and technologies.

The company was originally established in 2000 as a biotech company and shifted its focus to the cryptocurrency industry in 2017. As of December 31, 2021, RIOT had a total of 48,146 bitcoins in its digital asset portfolio, which had a fair value of approximately $2.8 billion.

In terms of financial performance, RIOT has experienced significant volatility in its stock price and financial results, reflecting the volatility of the cryptocurrency market. The company reported revenue of $32.2 million and a net loss of $83.4 million for the nine months ended September 30, 2021.

RIOT is subject to a range of regulatory, operational, and market risks associated with the cryptocurrency industry, including regulatory changes, cybersecurity risks, and fluctuations in cryptocurrency prices. Additionally, RIOT's financial performance is heavily dependent on the price of Bitcoin and other cryptocurrencies, which can be volatile and difficult to predict.

In summary, RIOT is a publicly traded company that is focused on the cryptocurrency industry, with a primary business activity of Bitcoin mining. While the company has built up a significant portfolio of digital assets and invested in blockchain-related technologies, it is also subject to a range of risks associated with the cryptocurrency industry, including regulatory and market risks. As with any investment, investors should carefully evaluate their investment objectives, risk tolerance, and other factors before investing in RIOT or any othe




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