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Riot Blockchain is a Castle Rock, CO-based cryptocurrency mining company. Riot began mining Bitcoin in 2018 from a 12 megawatt (MW) facility in Oklahoma. Riot manages and invests in facilities to continually mine Bitcoin and allows for people to invest in blockchain infrastructure. As of 2021, Riot owns two cryptocurrency mining facilities that form the basis of the company. The first mining hosting facility is based out of Coinmint LLC's 51 MW facility in Massena, NY. Riot acquired the second, a 300 MW hosting facility, from Rockland, TX-based Whinstone U.S. in May of 2021. Jason Les has served as the company's CEO since February 2021. Riot has been publicly traded on the NASDAQ since 2018.
The company, then under the name Bioptix, fell under scrutiny in 2018 when it changed its name to Riot Blockchain, correlating with its stock price rising from $8 to $40 a share. CNBC reported that the company had been known for a veterinary products patent and had only recently transitioned into blockchain technology. Riot CEO John O'Rourke described the CNBC report as being "a negative one-sided piece."
