Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is Riot Blockchain Stock a Buy?

TheMotleyFool

0 0

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

Like: 0

RIOT

Share