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Stock impact report

SEC issues subpoena to cryptocurrency company Riot Blockchain [CNBC]

Riot Platforms, Inc. (RIOT) 
Last riot platforms, inc. earnings: 8/8 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.riotblockchain.com
Company Research Source: CNBC
The Securities and Exchange Commission has issued a subpoena to Riot Blockchain , the cryptocurrency company whose stock skyrocketed after changing its name, the company said on Tuesday. Riot's annual 10K report disclosed that it had received the SEC subpoena on April 9 requesting certain information from the Company. It intends to fully cooperate with the SEC request, the report said. The Company has notified its insurance carrier although there can be no assurance that the costs of compliance with the subpoena or any related matters will be eligible for insurance coverage. Nevertheless, response to the subpoena will entail cost and management's attention. Riot Blockchain Chairman John O'Rourke did not immediately respond to a request for comment. The SEC declined to comment. In a news release, O'Rourke said, We continue to focus on the expansion of our cryptocurrency mining operations and the active investigation of launching a cryptocurrency exchange in the Unite Show less Read more
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