|Bid||2.0200 x 3200|
|Ask||2.0300 x 1400|
|Day's Range||1.9600 - 2.0400|
|52 Week Range||1.2900 - 6.1400|
|Beta (3Y Monthly)||3.69|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CASTLE ROCK, Colo., Aug. 15, 2019 /PRNewswire/ -- Riot Blockchain, Inc. (RIOT) ("Riot," "Riot Blockchain" or the "Company") today announced that its Board of Directors is implementing a leadership change. Riot's Chief Executive Officer, Mr. Jeffrey G. McGonegal is being named as Chief Financial Officer of the Company on an interim basis until a permanent successor Chief Financial Officer is named. Mr. McGonegal replaces the departing Mr. Robby Chang, who joined Riot in February 2018 as its Chief Financial Officer. The Board wishes to thank Mr. Chang for his past efforts and wishes him well in his future endeavors. The Company will be immediately conducting an extensive search to identify and appoint a permanent successor Chief Financial Officer.
CASTLE ROCK, Colo., Aug. 8, 2019 /PRNewswire/ -- Riot Blockchain, Inc. (RIOT) ("Riot" or the "Company") announced the filing of its 2019 Quarterly Report on Form 10-Q, which can be viewed on the Company's website or at SEC.gov. Gross margin as a percent of mining revenues improved significantly to 35% from (5%), sequentially, in the second quarter due primarily to higher average cryptocurrency prices as bitcoin, bitcoin cash, and litecoin gained 92%, 122%, and 158% relative to Q1/19 averages.
CASTLE ROCK, Colo., July 25, 2019 /PRNewswire/ -- Riot Blockchain, Inc. (RIOT) (the "Company" or "Riot") is proud to announce the establishment of an Advisory Board. The Riot Advisory Board is comprised of well-recognized creative leaders with a wealth of operational and strategic experience from across the blockchain space including: bitcoin software development, node projects, bitcoin education, start-up advisory, and venture capital/angel investing. The Advisory Board has been established to assist the Company in its strategic mission and enhance shareholder value through the advisors' industry-leading insights and vast network of innovators and pacesetters.
CASTLE ROCK, CO / ACCESSWIRE / May 10, 2019 / Riot Blockchain, Inc. (RIOT) (''Riot'' or "the Company") announced the filing of its March 31, 2019 Quarterly Report on Form 10-Q, which can be viewed on the Company's website or at SEC.gov. This represents a substantial increase year over year compared to prior year's period of revenues of approximately $926,000 on the production of 78.81 Bitcoins and 153.42 Bitcoin Cash in Q1/18. Gross margin was roughly breakeven at (4)% before depreciation and amortization despite an average Bitcoin price of $3,799 for the 2019 quarter.
CASTLE ROCK, CO / ACCESSWIRE / April 29, 2019 / Riot Blockchain, Inc. (RIOT) (the ''Company'') announced today that, effective at 9:00 a.m., New York City time on April 29, 2019, the U.S. Securities Exchange Commission (the ''SEC'') declared effective the Registration Statement on Form S-3 (Number 333-230290), as amended (the ''Registration Statement''), filed by the Company for the resale of the common shares underlying the rights issued in connection with the January 28, 2019 convertible notes private placement first reported by the Company on February 1, 2019 (the ''Private Placement''). The Private Placement included, among other provisions, a requirement that the underlying common shares be registered for resale with the SEC and, with this notice of effectiveness, that requirement has been fulfilled.
CASTLE ROCK, CO / ACCESSWIRE / April 2, 2018 / Riot Blockchain, Inc. (RIOT) ("the Company") announced the filing of its 2018 Annual Report on Form 10-K, which can be viewed on the Company's website or at SEC.gov.
With the advent of new approaches to technology, new surrounding companies in the tech sector has worked to attract investors looking for potential opportunities. ParcelPal Technology Inc (PTNYF) (PKG), Riot Blockchain Inc (RIOT), Ideanomics Inc (IDEX), and Kopin Corporation (KOPN) represent 4 tech stocks gaining tread on Friday. ParcelPal Technology Inc (PTNYF) (PKG) is a technology-driven logistics company purposed with connecting consumers to the goods they love.
Investorideas.com, a global investor news source covering blockchain and cryptocurrency issues a special edition of the Crypto Corner looking at the recent run in cryptocurrencies and blockchain stocks following recent news of the JPM Coin. The JPM Coin will use blockchain-based technology, enabling the instantaneous transfer of payments between institutional accounts. Adding fuel to the fire, in a recent interview at the IBM Think 2019 conference, Jesse Lund (VP of Blockchain and Digital Currencies for IBM) said IBM has several “letters of intent” with major banks to release digital currencies.
In a world with growing inequities, obstacles for progress, and threats to our very existence, it is the responsibility of tech companies to utilize design-thinking and create new forms of technology to both improve our quality of life, as well as assist us in progressing towards the future. ParcelPal Technology Inc (PTNYF) (PKG), Riot Blockchain Inc (RIOT), Ideanomics Inc (IDEX), and Identiv Inc (INVE) represent four tech companies determined to meet the demands of our developing society.
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.
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.
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.
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.
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.