Riot Blockchain, Inc
Riot Blockchain, Inc

Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America. The company primarily focuses on bitcoin mining. As of December 31, 2020, it operated a fleet of 7,043 miners. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017. Riot Blockchain, Inc. was incorporated in 2000 and is based in Castle Rock, Colorado.
Founded: 2000
Full Time Employees: 8
CEO: Jeffrey Mcgonegal  (Feb 2019~)
Sector: Technology
Industry: Software-Application
Next Earnings Date: 2023-03-01
Stock price: $4.965 (+8.41%)
#Riot #Mara #Coinbase
By: sunnylife lazy guy    
   on Jan 07, 2022

Buying crypto currency stocks Mara riot and coin base

Bitcoin drops 15% at a point over the weekend
By: ssmlee04 Community Lead :))   💬 98   
   on Apr 19, 2021

Tomorrow is probably going to be a bad day for crypto stocks. $mara, $sos, $riot and others.

Bitcoin reached 60,000 level now and is consistently reaching all time high every couple days
By: ssmlee04 Community Lead :))   💬 98   
   on Mar 14, 2021

Bitcoin is moving up at a consistent pace and reaching all time high once every few weeks. And it reached $61,000 today. It's most likely we would see blockchain stocks like $mara, $ncty, $riot, $sos going up again next week. $sq and $tsla is probably going to be good as well with their bitcoin exposure. Tesla purchased a lot of coins at $30,000 level and their investments on that batch is already up 100%. And that is about a couple hundred millions to 1 billion of gains on paper already.

Keep in mind that it costs a few billion to build a gigafactory. And that means they just make 20-25% of the money to build another gigafactory (if they sell). And when bitcoin continues to go up then they can use that to build more factories and scale up their production efficiently that no other EV competitors can.

Square also has a lot of bitcoins. Also they have a large number of bitcoin enthusiasts and the Cashapp community is growing. And with Tesla and Square having a moderate weight in the indexes the outlook for Nasdaq and S&P500 is great for the next week at least.

Investing in $sq and $tsla for blockchain exposure makes sense because they're well-managed companies with a good reputation. What I don't understand is those who invest in companies like $ncty or $sos or others. There were blockchain companies going Kaizer Soze a few years ago when they claimed their founders went missing abroad or dead and then all the bitcoins on the accounts are lost because those companies cannot recover the coins anymore. And then the investors just lose everything. There's no guarantee that wouldn't happen again for blockchain companies in 2021, because human nature doesn't change.

And for mining companies like $sos they literally are just a factory running a lot of miners. And that's it. There's no guarantee if those companies would continue to exist in a few years because, in my opinion, it is not hard to setup a factory of minors to do that. You do not need talents to do that, you only need electricity and money to do it.

Also what I find interesting is if you think bitcoin is going to have a good future shouldn't you just invest in bitcoins directly? You can invest in companies investing in bitcoins for you but to me it's just like giving your money to others to let them gamble for you. But it seems a lot of people think that is a great idea in 2021.

So watch out when you invest in those blockchain companies. They're likely to continue to be good in the next while but be vigilant and only invest in the best ones, because if bad things happen you might lose everything but at least you'd feel less remorse than if you don't do your due diligence at all.


Bitcoin broke through $55,000, stirring speculation it could test the record set last month.
By: ssmlee04 Community Lead :))   💬 98   
   on Mar 10, 2021

This probably means $riot, $mara, $sos, $ncty, $mstr those stocks would continue to outperform in the next while.