Bitcoin Miner Riot Drops ‘Blockchain’ From Name After Rough Year
- Former diagnostic equipment maker had shifted strategy in 2017
- Shares tumbled 85% last year as crypto winter set in
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Riot Blockchain Inc. has changed its name to Riot Platforms as the Bitcoin miner seeks to navigate the battered crypto landscape by diversifying operations.
The Castle Rock, Colorado-based company had adopted the moniker during the bull-market rally in late 2017. Before that, the miner was known as Bioptix Inc., a maker of diagnostic machinery for the biotech industry. Bioptix was previously named Venaxis Inc.