{"id":1805,"date":"2020-08-08T08:49:53","date_gmt":"2020-08-08T08:49:53","guid":{"rendered":"https:\/\/techclot.com\/index.php\/2020\/08\/08\/riot-blockchain-ends-week-up-29-hits-2020-high-ahead-of-q2-earnings-report\/"},"modified":"2020-08-08T08:49:53","modified_gmt":"2020-08-08T08:49:53","slug":"riot-blockchain-ends-week-up-29-hits-2020-high-ahead-of-q2-earnings-report","status":"publish","type":"post","link":"https:\/\/techclot.com\/index.php\/2020\/08\/08\/riot-blockchain-ends-week-up-29-hits-2020-high-ahead-of-q2-earnings-report\/","title":{"rendered":"Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report"},"content":{"rendered":"<p><a href=\"https:\/\/www.google.com\/url?rct=j&#038;sa=t&#038;url=https:\/\/finance.yahoo.com\/news\/riot-blockchain-ends-week-29-202754089.html&#038;ct=ga&#038;cd=CAIyHDRlNjhmNWRiMjFjYTY2ZDM6Y28uaW46ZW46SU4&#038;usg=AFQjCNHuVvVz2RMU5RUwPutbtNZ4VhBX4Q\">Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report<\/a><\/p>\n<p><div><img decoding=\"async\" src=\"https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/lkEMHnpp0UOQ.WYE7RZIIg--~B\/aD01MjU7dz04MjM7c209MTthcHBpZD15dGFjaHlvbg--\/https:\/\/media.zenfs.com\/en-US\/coindesk_75\/108e494ef734a4e32d33990112d43fe1\" class=\"ff-og-image-inserted\"><\/div>\n<figure class=\"canvas-image Mx(a) canvas-atom Mt(0) Mt(20px)--sm Mb(24px) Mb(22px)--sm\" style=\"max-width:100%;\" data-type=\"image\" data-reactid=\"11\"><meta itemprop=\"height\" content=\"510\" data-reactid=\"12\"><meta itemprop=\"width\" content=\"800\" data-reactid=\"13\"><\/p>\n<div style=\"padding-bottom:63.8%;\" class=\"Maw(100%) Pos(r) H(0)\" data-reactid=\"14\"><noscript data-reactid=\"16\"><\/noscript><\/div>\n<p><!-- react-empty: 17 --><\/figure>\n<div class=\"canvas-body Wow(bw) Cl(start) Mb(20px) Fz(16px) Lh(1.6) Ff(yahooSansFinanceFont) D(i)\" data-reactid=\"18\">\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" type=\"text\" content=\"Riot Blockchain, one of the few publicly traded bitcoin mining companies in the U.S., closed trading Friday with its second largest weekly gain since April 2019 ahead of the firm\u2019s Q2 earnings release next week. The gain marks a continuation of the stock\u2019s rally that started mid March after the market\u2019s crash.\" data-reactid=\"19\">Riot Blockchain, one of the few publicly traded bitcoin mining companies in the U.S., closed trading Friday with its second largest weekly gain since April 2019 ahead of the firm\u2019s Q2 earnings release next week. The gain marks a continuation of the stock\u2019s rally that started mid March after the market\u2019s crash.<\/p>\n<ul class=\"canvas-list List(d)\" data-type=\"list\" data-reactid=\"20\">\n<li data-reactid=\"21\">Riot Blockchain gained 29% closing since Monday, closing the week at $3.75.<\/li>\n<li data-reactid=\"22\">The company set a 2020 high of $4.58 Thursday afternoon.<\/li>\n<li data-reactid=\"23\">Q2 earnings are scheduled to be released early next week, the company told CoinDesk.<\/li>\n<li data-reactid=\"24\">\u201cWe\u2019re strong believers in the macroeconomic fundamentals underlying bitcoin,\u201d said Jeff McGonegal, CEO of Riot Blockchain. Riot\u2019s rally is connected to the increasing investor attention paid to bitcoin (BTC) and cryptocurrencies generally, he added.<\/li>\n<li data-reactid=\"25\">Riot has gained 70% this quarter following BTC, which has rallied 24% over the same period, according to <a href=\"http:\/\/messari.io\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Messari<\/a>, trading near $11,500 at last check.<\/li>\n<\/ul>\n<ul class=\"canvas-list List(d)\" data-type=\"list\" data-reactid=\"26\">\n<li data-reactid=\"27\">The company <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-10-04\/from-biotech-to-bitcoin-bioptix-shifts-focus-to-blockchain\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">pivoted<\/a> from biotechnology to blockchain technology in October 2017, and focused exclusively on <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">bitcoin<\/a> mining in 2019, McGonegal said in an email correspondence with CoinDesk.<\/li>\n<li data-reactid=\"28\">Riot has a current mining capacity of 357 petahash per second with an anticipated increase to 566 petahash by Q4.<\/li>\n<li data-reactid=\"29\">Even with recent gains, however, the shares are a far cry from their all-time intraday high of $3638.40, reached in October 2007.<\/li>\n<\/ul>\n<div class=\"canvas-atom\" data-reactid=\"30\">\n<div id=\"defaultINARTICLE-sizer\" class=\"darla-container D-n D(n)\" data-reactid=\"31\"><!-- react-text: 32 --><!-- \/react-text --><\/p>\n<div id=\"defaultINARTICLE-wrapper\" class data-reactid=\"33\">\n<div id=\"defaultdestINARTICLE\" style><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" type=\"text\" content=\"Related Stories\" data-reactid=\"34\">Related Stories<\/h2>\n<ul class=\"canvas-list List(d)\" data-type=\"list\" data-reactid=\"35\">\n<li data-reactid=\"36\"><a href=\"https:\/\/www.coindesk.com\/riot-blockchain-ends-week-up-29-hits-2020-high-ahead-of-q2-earnings-report\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report<\/a><\/li>\n<li data-reactid=\"37\"><a href=\"https:\/\/www.coindesk.com\/riot-blockchain-ends-week-up-29-hits-2020-high-ahead-of-q2-earnings-report\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report<\/a><\/li>\n<li data-reactid=\"38\"><a href=\"https:\/\/www.coindesk.com\/riot-blockchain-ends-week-up-29-hits-2020-high-ahead-of-q2-earnings-report\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report<\/a><\/li>\n<li data-reactid=\"39\"><a href=\"https:\/\/www.coindesk.com\/riot-blockchain-ends-week-up-29-hits-2020-high-ahead-of-q2-earnings-report\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report<\/a><\/li>\n<\/ul>\n<div data-reactid=\"40\"><\/div>\n<\/div>\n<p>Published at Fri, 07 Aug 2020 21:33:45 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report Riot&#8230;<\/p>\n","protected":false},"author":16,"featured_media":1806,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4549],"tags":[],"class_list":["post-1805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"jetpack_featured_media_url":"https:\/\/techclot.com\/wp-content\/uploads\/2020\/08\/108e494ef734a4e32d33990112d43fe1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3orZX-t7","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts\/1805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/comments?post=1805"}],"version-history":[{"count":0,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/posts\/1805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/media\/1806"}],"wp:attachment":[{"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/media?parent=1805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/categories?post=1805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techclot.com\/index.php\/wp-json\/wp\/v2\/tags?post=1805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}