2.48 +0.01 (0.40%)
After hours: 7:18PM EST
|Bid||2.45 x 1200|
|Ask||2.48 x 1000|
|Day's Range||2.2601 - 2.4800|
|52 Week Range||1.2900 - 15.2000|
|Beta (3Y Monthly)||3.54|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
CORAL GABLES, FL / ACCESSWIRE / February 8, 2019 / The tech stock market will continue to be successful if, and only if, companies in the sector continue to invest in ideas that can be used to design innovative technologies and services that will appeal to consumers. Consumers may not be privy to the fiscal operations of companies working in tech, but they are likely more familiar with the products and services being released to the public. ParcelPal Technology Inc (PTNYF) (PKG), Riot Blockchain Inc (RIOT), eGain Corporation (EGAN), and Sienna Biopharmaceuticals Inc (SNNA) represent four companies determined to innovate towards the advancement of the tech sector.
Riot Blockchain, a cryptocurrency company, announced a new CEO and other leadership changes. Riot has announced three CEOs and one interim CEO since changing its name and business plan in October 2017. Riot Blockchain RIOT announced a new CEO and other leadership changes in a press release Tuesday evening.
CASTLE ROCK, CO / ACCESSWIRE / February 5, 2019 / Riot Blockchain, Inc. (NASDAQ: RIOT) (the ''Company'') today announced that its Board of Directors is implementing leadership and governance structure changes. Jeff McGonegal is being named Chief Executive Officer, replacing departing Chris Ensey, who had joined the Company in January 2018 as its Chief Operating Officer and had been appointed interim Chief Executive Officer, in September 2018. Jeffrey Vormittag, Chief Operating Officer of the Company's wholly owned subsidiary, Riot Blockchain Canada Inc. will also be leaving the company.
CASTLE ROCK, CO / ACCESSWIRE / January 30, 2019 / Riot Blockchain, Inc. (RIOT) (the ''Company'') announces that it has elected to secure $3 million in bridge financing with a syndicate of lenders. The bridge financing was obtained as the Company waits for further comment and effectiveness on the Company's registration statement, which was delayed due to the government shutdown. Riot's 8,000 cryptocurrency mining operation continues to be fully deployed.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Riot Blockchain, Inc. (RIOT). On October 4, 2017, the company, formerly “Bioptix, Inc.,” declared a name change to Riot Blockchain, Inc. to reflect its shift toward blockchain technologies. The Company subsequently cancelled its annual meetings, failing to hold one from November 30, 2016 to May 9, 2018.
Frost will pay $5.5 million to the SEC and is permanently barred from participating in an offering of a penny stock, with exceptions, according to court documents. Opko Health also agreed to a proposed settlement, according to court documents. Frost and Opko Health neither admit nor deny the SEC's allegations, according to court documents.
CASTLE ROCK, CO / ACCESSWIRE / December13, 2018 / Riot Blockchain, Inc. (RIOT) (the "Company") announces that it has submitted an amended registration statement Form S-3 ("Registration Statement") with the Securities and Exchange Commission (the "SEC") related to a potential offering of its common stock. The number of shares to be offered and the price range for a potential offering have not yet been determined and the Company may elect to use a portion or none of the proposed offering price if and when it considers its capital raising alternatives. The Registration Statement relating to the securities has been filed with and will be reviewed by the SEC.
CASTLE ROCK, CO / ACCESSWIRE / December 6 2018 / Riot Blockchain, Inc. (RIOT) (the ''Company'') is pleased to provide an operational update as of December 6, 2018. The Company has successfully amended its mining lease agreement that will reduce steady state costs by approximately 24%.Under the revised agreement that is effective December 1, Riot's wholly-owned mining subsidiary will pay a declining monthly base rent that will bottom out at a steady state of $190,000 in February 2019. The amendment also amends the calculation of the electricity usage charge to a variable rate that is as low as $0.037/kWh and averages $0.043/kWh over a 15-month period.At a steady-state and assuming the use of 10MW, the Company expects to realize a monthly cost savings of approximately 24% under the amended lease agreement.
Over the past two weeks, the price of Bitcoin and other crypto's have fallen close to 50%. Currently, mining cryptocurrency for the most part, is no longer a viable path to profit. Square, Inc. (SQ) is an obvious choice as it peaked at $101.15 back in October after it received the green light from regulators allowing New York residents to trade cryptocurrency on its Cash app.
Riot Blockchain (RIOT) needs investors to pay close attention to the stock based on moves in the options market lately.
The cryptocurrency sell-off continued this week after Bloomberg reported the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission are investigating cryptocurrency market price manipulation. The DoJ and the CFTC have been coordinating on a criminal probe of Bitcoin, Tether and crypto exchange Bitfinex and their possible role in driving last year’s cryptocurrency market bubble. Sources familiar with the probe said the DoJ is investigating whether or not traders illegally pumped up the price of bitcoin in late 2017 by using USDT to strategically buy and sell bitcoin based on inside information.
The cryptocurrency company whose stock skyrocketed after changing its name, revealed that the SEC subpoena and investigation are "still ongoing," according to its most recent quarterly filing. Riot says it is “fully cooperating” with the SEC, according to the latest filing. Riot Blockchain RIOT , the cryptocurrency company whose stock skyrocketed after changing its name, revealed that the Securities and Exchange Commission subpoena and investigation are "still ongoing," according to its most recent quarterly filing.
FORT LAUDERDALE, FL / ACCESSWIRE / November 21, 2018 / Riot Blockchain, Inc. (RIOT) (''the Company'') announced that its subsidiary RiotX Holdings Inc (''RiotX'') has entered into a Master Services Agreement (the ''Agreement'') with Shift Markets, Ltd. (''Shift'') to provide RiotX with its crypto exchange platform. RiotX has been investigating and pursuing the regulatory pathway for the launch of a cryptocurrency exchange in the United States since the start of the year. The Agreement with Shift enables RiotX to offer a robust trading interface for real time trading of crypto assets.
CASTLE ROCK, CO / ACCESSWIRE / November 19, 2018 / Riot Blockchain, Inc. (RIOT) ("the Company") announced the filing of its unaudited results for the third quarter on Form 10-Q for the period ending September 30, 2018. The entire document can be viewed on the Company's website or at SEC.gov.
Nespresso, part of food giant Nestle (NESN.S), aims to use sustainable aluminium in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto (RIO.L) (RIO.AX) announced on Monday. Both companies have faced criticism for adding to pressure on the planet, with campaigners saying Nespresso coffee machines are wasteful and many of the used capsules end up in landfill. Under the deal, Anglo-Australian Rio Tinto will supply aluminium produced with renewable power and respect for biodiversity to Nespresso, the world leader in the coffee pod market.
NEW YORK, NY / ACCESSWIRE / November 7, 2018 / Shares of Riot Blockchain and Gogo Inc. were both exploding on Tuesday. While Riot Blockchain didn’t have any immediate news, Gogo Inc. was sailing higher on better than expected third quarter results. Riot Blockchain, Inc. shares closed up 17.53% yesterday on explosive trading volume of about 2.7 million shares.
CASTLE ROCK, CO / ACCESSWIRE / October 23, 2018 / Riot Blockchain, Inc. (RIOT) (the "Company"), an industry leader in Blockchain technology and cryptocurrency mining today announced the termination of the Securities and Exchange Commission ("SEC") Examination previously reported by the Company earlier this year and changes to its Board of Directors (the "Board"). The Company announced today that it has received written notification from the SEC that the SEC has terminated its examination under Section 8(e) of certain of the Company's registration statements, which the Company had previously announced earlier this year.
Investors need to pay close attention to Riot Blockchain (RIOT) stock based on the movements in the options market lately.
EDITOR'S NOTE: The following is an excerpt of part two of an investigation into financier Barry Honig and several associated parties. When financier Barry C. Honig was waging a proxy fight for control of the company that became Riot Blockchain Inc. (NASDAQ: RIOT), he demanded that it return excess capital to shareholders through a special dividend.
NEW YORK, NY / ACCESSWIRE / September 11, 2018 / Shares of CBS Corporation were in the red yesterday after the company announced that it was done with its CEO Les Moonves, who has been accused of sexual harassment by a dozen women over the span of his career. Shares of Riot Blockchain were in the green despite the company announcing a new CEO because it’s former CEO has been accused by the SEC of being involved in a microcap "pump and dump" scheme with several other people.
The blockchain is one of the most powerful innovations of the last several decades. Riot Blockchain (NASDAQ:RIOT), however, is nearly an unmitigated disaster. Right before the weekend, RIOT stock closed down more than 24%.
Riot Blockchain Inc, a onetime biotechnology firm that saw its share price skyrocket when it refocused on cryptocurrencies, named a new chief executive after the company's previous boss was accused of involvement in securities fraud. The company said in a statement on Saturday that its chief operating officer, Chris Ensey, would take over the company after the Securities and Exchange Commission on Friday named former CEO John O'Rourke as one of several people involved in a long-running microcap "pump-and-dump" scheme. The SEC also named Barry Honig, a former major Riot shareholder, among the individuals involved in the scheme, saying Honig engaged in manipulative activity after taking ownership interests in the companies.