Bitcoin

As the share price surpassed Bitcoin’s, Riot Blockchain appointed its new director

Last week, when share prices rose more than 50% to levels not seen since the bull run on cryptocurrencies in 2018, Riot Blockchain (NASDAQ: RIOT) has appointed former Toronto Stock Exchange Listing Committee Chairman Hubert Marleau to Riot’s Board of Directors.

The Colorado-based company was looking for a new director after the departure of former Canadian cabinet member Remo Mancini. Marleau brings a wide range of governance and regulatory experience to Riot. and also served as governor of the Montreal and Vancouver stock exchanges. Marleau also has a strong academic background and currently chairs a number of named conferences at the University of Ottawa.

Marleau’s appointment comes amid an unusually strong week for the company’s stock price. RIOT closed at $ 4.10 at $ 6 even after the week opened, significantly outperforming Bitcoin by almost 20%. So far this year, RIOT is up nearly 500% from $ 1.22.

As the share price surpassed Bitcoin’s, Riot Blockchain appointed its new director
As the share price surpassed Bitcoin’s, Riot Blockchain appointed its new director

Appointing a new director isn’t the only step the mining giant has taken in recent weeks. Riot agreed to purchase new Antminer S19 Pro bitcoin mining equipment valued at 8,000 units and $ 17.7 million to expand operations in August.

The purchase can be an attempt to avoid the attempts of the competing mining company Marathon Patent Group wins “Best Miner in North America” ​​crown. As Cointelegraph previously reportedMarathon bought 10,000 units of the S19 Pro in late October.

Like riot, Marathon Patent Group’s MARA shares trade much higher for the week, closing at $ 3.39 after opening at $ 2.38 on Monday.

Similar Posts