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We are bullish on Riot Blockchain


Globalfinancial
(@globalfinancial)
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Joined: 2 years ago
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We are bullish on Riot Blockchain, Inc $RIOT from $21.95 and will hold as long as price is trading above $32.70 targeting $138.53 within one year.

Riot Blockchain, Inc.( $RIOT ), together with its subsidiaries, focuses on building, supporting, and operating Blockchain technologies ecosystem.

It is involved in digital currency mining operation, which utilizes specialized computers that generate digital currency primarily bitcoin.

The company also holds interests in various activities, including purchasing and selling digital currencies; provides accounting, audit, and verification services for blockchain based assets, such as cryptocurrencies; and develops TessPay, a payments ecosystem for component and sub-component supply chain settlement solution, as well as other blockchain solutions for telecommunications companies.

As of December 31, 2019, approximately 7,400 of the miners were installed and operating. The company was formerly known as Bioptix, Inc. and changed its name to Riot Blockchain, Inc. in October 2017.

Riot Blockchain, Inc. was founded in 2000 and is based in Castle Rock, Colorado

We have noted the following:

Trailing Twelve Months Return on Assets is currently -15.65% while the Trailing Twelve Months Return on Equity is at -45.07%

Our Risk Model have adjusted our trailing stop to $32.70 thus removing the normal risk.

Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice.


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