Riot Platforms Inc - Company Profile
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Riot Platforms Inc (Riot Platforms), formerly Riot Blockchain Inc, develops, operates, and supports blockchain technologies. Its primary operations include mining of cryptocurrencies and the development of exchange and mining pool platforms. The company also provides co-location services, installation services, electricity distribution product, power distribution equipment and custom engineered electrical products. It serves as a medium of exchange, store of value, or unit of account. Riot Platforms uses application-specific integrated circuit (ASIC) chips to mine Bitcoin. It provides critical mining infrastructure for institutional scale clients at the Rockdale Facility. The company also conducts development activities at the Corsicana facility. It has data center hosting operations in central Texas, and electrical switchgear engineering and fabrication operations in Denver, Colorado. Riot Platforms is headquartered in Castle Rock, Colorado, the US.
Riot Platforms Inc premium industry data and analytics
Products and Services
Services |
---|
Blockchain-Based Escrow Service |
Cryptocurrency Accounting and Audit Technology Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Financing Agreements | In March, the company invested in Reformed Energy Inc. |
2024 | Contracts/Agreements | In February, the company entered into an agreement to acquire 31,500 next-generation M60S miners from MicroBT. |
2024 | Contracts/Agreements | In February, the company and HashHouse Tech entered into a partnership the deliver 200 MW of immersion equipment infrastructure. |
Competitor Comparison
Key Parameters | Riot Platforms Inc | Hut 8 Corp | HIVE Digital Technologies Ltd | Digihost Technology Inc | BCII Enterprises Inc |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | Canada | Canada | United States of America |
City | Castle Rock | Miami | Vancouver | Toronto | Santa Monica |
State/Province | Colorado | Florida | British Columbia | Ontario | California |
No. of Employees | 534 | 98 | 18 | 13 | - |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Benjamin Yi | Chairman | Executive Board | 2021 | 41 |
Jason Les | Chief Executive Officer; Director | Executive Board | 2021 | 37 |
Colin Yee | Chief Financial Officer | Senior Management | 2022 | 47 |
Ryan Werner | Senior Vice President; Chief Accounting Officer | Senior Management | 2022 | 43 |
Lyle Theriot | Chief Operating Officer - Whinstone; Head of Construction | Senior Management | - | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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