Looking For a Unique Publicly Traded Cryptocurrency & Blockchain Company? Meet Riot Blockchain (Nasdaq: RIOT)


Serial technologists, business leaders, and government officials have long been awaiting a better “system of organization” for the planet’s most important and lucrative information. In many of our most valuable industries, legacy, work-around infrastructures are hobbling on their last few limbs. They are lagging far behind frontier technology. As a result, there is huge demand for a network-level overhaul, which can revolutionize the foundational building blocks of our growing international economy.

Much like the early days of the Internet, optimists are hopeful that the solution to many of society’s most innate, yet deceivingly complex challenges has recently arrived in the form of blockchain technology.

Per Wikipedia, a blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is, “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for validating new blocks. Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

Blockchains are secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized consensus has therefore been achieved with a blockchain. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing, documenting provenance, food traceability or voting.

Blockchain technology was invented in 2008 by a pseudonymous cryptographer who went by the name Satoshi Nakamoto. Initially, blockchain was used as the infrastructure for the Bitcoin network. Bitcoin was the world’s first cryptocurrency and was intended to allow people to store and transmit money without interference from a third-party intermediary or central server. The Bitcoin network has been the inspiration for other blockchain applications beyond cryptocurrency.

Per the Riot Blockchain website, Riot Blockchain, Inc. (Nasdaq: RIOT) is a first mover on the NASDAQ focused on blockchain technology. The Company intends to gain exposure to the blockchain ecosystem through targeted investments in the sector, with a primary focus on the Bitcoin and Ethereum blockchains.

The Company continues to maintain its legacy Bioptix business segment, including its royalty license stemming from an Exclusive License Agreement with Ceva Santé Animale S.A.

Riot Blockchain is multi-faceted as evidenced by its two unique opportunities, the first being cryptocurrency mining and the second their exposure to a digital currency exchange as well as Riot Blockchain’s intention of becoming a futures brokerage operation within the United States. Riot Blockchain has also announced plans to launch its own digital currency exchange:

Source: Company Website

A quick snapshot on the assets Riot Blockchain possesses is listed below:

Source: Company Website

In February, Riot Blockchain participated in the Coinsquare Private Placement; Coinsquare received a CAD $430 Million post-money valuation as a result of this round. This valuation for Coinsquare is approximately over fifteen times the valuation from Riot Blockchains initial investment in September 2017. Riot Blockchain additionally exercised its previously acquired warrants at a CAD $94 million valuation, and now owns approximately 12.5% of Coinsquare after the latest investment.

For those curious to see Riot Blockchains operations, we encourage you to visit their website which has a video of their operations and a photo of the operations is below:

Source: Company Website

In summary, the blockchain is a decentralized and encrypted ledger that offers a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. These protocols are the backbone of numerous cryptocurrencies, including bitcoin, ether and Litecoin. Blockchain protocols have a wide range of use, including processing transactions, accounting, verification and proof of ownership across a far-reaching spectrum of applications. Riot Blockchain is uniquely positioned in this industry as a result of its collection of assets and is one of the only publicly listed blockchain companies. We want to highlight that blockchain is very early in its development and has significant risk and volatility.

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Ross Silver is the CEO and founder of Sylva International. Mr. Silver is a Registered Investment Advisor with over 15 years experience in equity research, investment banking, and asset management. Mr. Silver served as a consultant for the National Institutes of Health and holds a Series 65 securities license.