Riot stock (RIOT) has dropped -$0.11 today, as of 10:02 AM ET. The stock had traded between $6.84 and $7.13 at one point during the day. Volume was light, with 10,082,100 shares changing hands. The stock’s market cap is equal to the current price times the number of shares outstanding.
Riot is a favorite stock for active and vanilla ETFs. It has been among the top-performing ETFs for the past year. The stock was also one of the top-performing stocks in the Broad-based category in the past 12 months. Riot also has a unique cryptocurrency mining infrastructure called Whinstone U.S. It currently has a capacity of 4.6 EH/s and is using 136 MW of energy. It is aiming to add another 8,000 Bitmain S19 Pro Antminers by January 2021.
The company’s focus is on developing, supporting, and operating blockchain technologies. These technologies use decentralized, encrypted ledgers to provide a permanent, secure, and efficient way to store information. Some of its portfolio companies include Tesspay, Coinsquare, and Verady. Riot is an emerging company that specializes in a number of different blockchain technologies.
