Are you interested in investing in Riot Blockchain Stock and gaining exposure to the digital currency mining market? This step-by-step guide will walk you through the process of buying shares in this prominent American bitcoin mining company.
October 8, 2023 at 05:00 pm
Updated October 8, 2023 at 05:00 pm
Introducing Riot Blockchain
Riot Blockchain, Inc. is a notable player in the bitcoin mining sector, with a strong emphasis on rapidly expanding its industrial-scale mining operations within the United States. Their mission is clear: to support the Bitcoin blockchain by increasing their mining hash rate while reducing production costs. Riot firmly believes that the future of bitcoin mining lies in American operations, and they are committed to driving that future.
The Riot Blockchain Story
Riot Blockchain’s journey is a fascinating one. Prior to October 2017, the company operated under the name Bioptix Inc., specializing in diagnostic machinery for the biotech industry, and was based in Colorado, USA. Recognizing the potential of blockchain technology, Riot underwent a transformation.
Their CEO at the time aptly stated, “With new applications being developed for blockchain every day, this is a rapidly growing and evolving market.” Riot Blockchain initially established its mining facility in Oklahoma City. Presently, their mining operations are based at Coinmint LLC.’s facility in Massena, New York, where they’ve deployed an impressive fleet of 13,746 next-generation bitcoin mining ASICs.
Moreover, Riot has initiated a pilot program in Houston, Texas, aimed at exploring opportunities in the Electric Reliability Council of Texas (ERCOT) energy market and testing cutting-edge mining technology.
It’s noteworthy that both Oklahoma City and Massena, New York, have access to excess energy from renewable sources, offering competitive energy pricing to large customers. Riot anticipates deploying approximately 39,146 miners by the end of 2021.
Buying Riot Blockchain Stock
Investing in Riot Blockchain Stock is an avenue to gain exposure to the digital currency mining sector. For those looking to diversify their portfolio within the crypto industry, this can be a valuable addition.
How to Buy Riot Blockchain Stock
Here’s a comprehensive guide on how to purchase Riot Blockchain Stock:
Step One: Choose Your Broker
Start by selecting a reputable broker. Most brokers offer commission-free trading. However, consider factors such as account types and promotions for new users when making your choice. Look for brokers who share your investment objectives and tastes.
Step Two: Fund Your Account
Once you’ve chosen your brokerage, open an account and fund it. Only deposit funds that you are comfortable risking.
Step Three: Locate RIOT Shares and Make Your Purchase
Since RIOT is widely traded and listed on NASDAQ, it’s accessible through various brokerages. You can use a market order for quick execution or a limit order for precise control over your purchase.
Investing in Riot Blockchain Stock offers exposure to the evolving digital currency mining sector. By following these steps and conducting thorough research, you can make informed investment decisions. Remember to manage your risk and stay informed about the dynamic cryptocurrency market. Whether you’re a seasoned investor or just starting, Riot Blockchain is a notable company to consider for your investment portfolio.
Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions.
(Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)