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Riot Blockchain Inc. , formerly Bioptix, Inc. , is focused on gaining exposure to the blockchain ecosystem through its cryptocurrency mining operations, internally developed businesses, joint ventures, and targeted investments in the sector. The Company primarily focuses on Bitcoin and general blockchain technology. The Company has deployed approximately 8,000 application-specific integrated circuit (ASIC) miners at its cryptocurrency mining facility in Oklahoma.
The Company, through its subsidiary TESS Inc. , seeks to develop a blockchain-based escrow service for wholesale telecom carriers. It holds a 13% interest in Coinsquare Ltd, which is a digital currency exchange in Canada. It also holds investments in Verady, LLC, which provides crypto currency accounting and audit technology services. .