Bioptix Altars Focus to Strategic Investor and Operator in Blockchain Technologies

Bioptix Inc. has announced that, to better reflect its new direction, it is changing its name to Riot Blockchain, Inc., with plans to change its Nasdaq ticker symbol to RIOT which it has reserved, subject to Nasdaq approval. Moving forward, Riot Blockchain’s focus will be as a strategic investor and operator in the blockchain ecosystem, with a particular focus on the Bitcoin and Ethereum blockchains.

Riot Blockchain Inc. will build and support blockchain technology companies and in doing so will establish an Advisory Board with technical experience, with the intent of becoming an authority and supporter of blockchain as well as providing investment exposure to the blockchain ecosystem.

As part of this new focus, the company has made a strategic investment in Coinsquare Ltd., a prominent Canadian exchange for trading digital currencies. This is an indication of the direction that Riot Blockchain plans to pursue, including possible acquisitions of businesses serving the blockchain ecosystem.

Michael Beeghley, Chief Executive Officer of Riot Blockchain, explained: “At Riot Blockchain, our team has the insight and network to effectively grow and develop blockchain assets. With new applications being developed for blockchain every day, this is a rapidly growing and evolving market. We are excited to have partnered with and led an investment in Coinsquare, a company we believe is well positioned to capitalize on the opportunity in this sector.”