Riot Platforms, Inc.
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Riot Platforms, Inc. - overview
Established
2000
Location
Castle Rock, CO, US
Primary Industry
Semiconductors
About
Based in Colorado, US, and founded in 2000. Riot Platforms, Inc. owns and operates bitcoin mining facilities with a vertically integrated strategy. In July 2024, Riot Platforms, Inc.
acquired Blockware Mining, Inc. from Arctos Capital for USD 92. 5 million. As of December 2024, the company is led by CEO Jason Les.
The company stock ticker symbol is NASDAQ: RIOT. Riot’s primary product is Bitcoin, which it mines through a network of specialised mining machines to perform the computational tasks required to validate transactions on the Bitcoin blockchain. In addition to Bitcoin mining, Riot Platforms is involved in the development and operation of infrastructure that supports its mining activities, including power generation through its ESS Metron division. ESS Metron’s work includes the development of technologies that help optimise the power generation and distribution systems, contributing to the efficiency of energy grids.
The July 2024 acquisition enables Riot Platforms, Inc. to increase capacity, boost hash rate, expand geographically, and diversify energy markets.
Primary Industry
Semiconductors
Sub Industries
Electric Utilities, Power Generation Equipment & Services, Web Applications, Application Integration Software, Analytics & Performance Software
Website
www.riotplatforms.com/
Verticals
Blockchain, Manufacturing
Total Amount Raised
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