If you’re looking to invest in a Bitcoin-based cryptocurrency, you might be interested in the RIOT stock. It’s been performing well in the past year, and is currently among the top performing ETFs. However, if you’re looking for a more stable option, you may want to consider other options.
Riot is a bitcoin mining company based in the USA. It has a large, 750 MW Bitcoin mining facility in the state of Texas. The company has 46,658 Bitcoin miners deployed and a total hash rate of 4.8 EH/S. As of Q2 2022, Riot generated $72.9 million in revenue from mining Bitcoin. Its bitcoin holdings were worth $1343 million at that time.
The company also invests in blockchain technologies. Riot Blockchain, Inc. is a bitcoin mining company focused on developing and supporting distributed blockchain technologies. This type of technology offers a secure, efficient, and permanent way to store information. Among Riot’s portfolio, you’ll find companies like Verady, Tesspay, and Coinsquare.