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Is Riot Blockchain Stock a Buy?

TheMotleyFool

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Four years ago, a failed medical device maker called Bioptix rebranded itself as Riot Blockchain (NASDAQ: RIOT) and became a Bitcoin (CRYPTO: BTC) mining company. To jump-start that transformation, it bought the mining start-up Kairos Global Technology, invested in the cryptocurrency exchange Coinsquare, and ordered thousands of miners from Bitmain.

Earlier this year, Riot exchanged its stake in Coinsquare for new shares of the fintech company Mogo (NASDAQ: MOGO). It also acquired Whitstone, which owns one of the largest Bitcoin mining facilities in North America.

Image source: Getty Images.

Source Fool.com

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