RATE Group | Riot Blockchain Cites COVID-19 Disruption Risks on SEC Form 10-K
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Riot Blockchain Cites COVID-19 Disruption Risks on SEC Form 10-K

30 Mar Riot Blockchain Cites COVID-19 Disruption Risks on SEC Form 10-K

Posted at 19:22h in Cryptocurrency News by

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Nasdaq-listed cryptocurrency mining firm, Riot Blockchain, filed its Form 10-K annual report to the United States Securities and Exchange Commission (SEC), March 25.

Among a long list of other potential risk factors to the business, the report assesses the potential disruptions due to the COVID-19 pandemic.

COVID-19 will affect cryptocurrency mining business

As part of the Form 10-K a company must include information about any significant risks to its business. Riot further subdivides these risks into several sections, although interestingly lists the risks from COVID-19 as a cryptocurrency-related risk, rather than a general risk:

“Our business will be adversely impacted by the effects of the novel Coronavirus (COVID-19). In addition to global macroeconomic effects, the novel Coronavirus (COVID-19) outbreak and any other related adverse public health developments will cause disruption to the activities of our international suppliers and, potentially, our mining activities.”

The…

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