How Much Bitcoin Does Riot Blockchain Own?

Public Companies that Own Bitcoin

How Much Bitcoin Does Riot Own?

Riot Blockchain, Inc. (NASDAQ: RIOT) is sitting on 6,720 Bitcoins as of September 6th, 2022.

What Does Riot Blockchain Do?

Riot is a leader in the world of Bitcoin mining. The company was originally called Bioptix, Inc, but changed its name to Riot Blockchain and became incorporated in 2000. They are based in Castle Rock, Colorado.

Their current Hashing Capacity is 4.8 EH/S as of September 6th, 2022. By the beginning of 2023 they are expected to be operating with mining capabilities of 12.6 EH/S.

In April 2022 they announced a new development they have started in Corsicana, TX. This new expansion has a power capacity of 1,000 MW with a potential Hashrate of 41 EH/S.

Where Does Riot Get Its Bitcoin?

The company accrues Bitcoin through its extensive mining operations. One of which is Operation Whinstone US, located in Rockdale, Texas. This is currently North America’s largest Bitcoin mining facility by mining capacity.

Who Owns Riot Blockchain?

Jason Les is Riot’s CEO. He’s been involved with Bitcoin since 2013 studying protocol development, working on open-source projects, and Bitcoin mining.

Jeff McGonegal is the CFO. Jeff became a Certified Public Accountant in 1975 and has been in the accounting business since then.

Benjamin Yi is the Executive Chairman. He specializes in corporate strategy, development, and governance.

William Jackman is the General Counsel of Riot Blockchain and deals primarily with the legal side of things.

Chad Harris is the Chief Commercial Officer of Riot. With his experience in customer retention, acquisition, and negotiations, he helps businesses achieve success.

Does Riot Blockchain Only Mine Bitcoin?

Yes, Riot’s vision is to be the world’s leading Bitcoin-driven infrastructure platform.

Does Riot Own or Mine Ethereum and Other Cryptocurrencies?

No, Riot’s primary interest is Bitcoin and Bitcoin mining.

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