Behind the Bell: Riot Platforms

Riot Platforms CEO Jason Les chats with us at MarketSite about the growth the Bitcoin mining company has seen and what’s yet to come. 
 

Transcript:

Bitcoin is a new technology that is democratizing money, putting the individual in charge of their own finances, and banking the unbanked globally.

Riot is a Bitcoin mining company, so what we do is build and operate large data centers that are focused on supporting the security and consensus of the Bitcoin network.

For doing that, we earn Bitcoin as a reward and that gives us exposure and upside to all of the adoption we're seeing with Bitcoin.

I think one of the main things we're seeing is the benefit that Bitcoin mining has for energy grids and generation operators all over the globe.

Because of its flexible, interruptible properties, Bitcoin mining is helping stabilize energy grids, helping capture surplus energy, and reduce the volatility that consumers experience in those markets.

Nasdaq is really important to the Riot organization.

It represents our access to the capital markets, that has given us a platform to educate the world on Bitcoin, educate the world on Bitcoin mining and all the benefits it's driving globally.