RATE Group | Riot Blockchain Reports 2019 Financial Results and Operational Highlights | News
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Riot Blockchain Reports 2019 Financial Results and Operational Highlights | News

26 Mar Riot Blockchain Reports 2019 Financial Results and Operational Highlights | News

Posted at 06:21h in Cryptocurrency News by

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CASTLE ROCK, Colo., March 25, 2020 /PRNewswire/ — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or the “Company”), one of the few Nasdaq listed public cryptocurrency mining companies in the United States, reported financial results for the year ended December 31, 2019.  The financial statements are available on Riot’s website and here.

2019 Recent Operational Highlights

  • Invested in 4,000 Bitmain S17 Pro Antminers at the Company’s Oklahoma City mining facility, which when deployed in early 2020 resulted in an increase in Riot’s fully owned hashing power capacity to approximately 248 Petahash;
  • Received notice of the termination of the SEC’s investigation of Riot on January 29, 2020;
  • Produced 944 newly minted bitcoins (BTC) during 2019 and increased bitcoin inventory 206% year-over-year to 514 BTC at December 31, 2019;
  • Established an industry-leading advisory board comprised of recognized leaders with proven operational and strategic experience throughout the cryptocurrency space;
  • Improved

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