Mining bitcoin october 2017 - simply
Mining bitcoin october 2017 - opinion, actual
Bitcoin Mining Company Riot Blockchain Passes $1B in Market Cap
Bitcoin Mining Company Riot Blockchain Passes $1B in Market Cap
Nasdaq-listed bitcoin mining company Riot Blockchain (RIOT) reached a $ billion market capitalization Monday after surging nearly 13% in early trading hours.
- Shares of the Castle Rock, Colo.-based firm have gained over 1,% in , currently trading hands above $
- Over the same period, bitcoin gained nearly %.
- Riot has issued nearly 17 million shares since November, with a total of million shares outstanding, according to data collected by tallerembajador.com.mx
- Riot has aggressively expanded the size and sophistication of its mining operations in , including a planned pilot project in Texas to test water immersion cooling technology in addition to purchasing over 31, new ASIC mining machines this year, per CoinDesk's prior reporting.
- Riot shares opened Monday nearly 18% higher than the Thursday close on Christmas Eve.
- Riot pivoted its business model from biotech to bitcoin mining in October when the company's value was less than $50 million.
- Riot did not immediately respond to a comment request from CoinDesk.
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