Riot Blockchain, Inc. (RIOT) jumped 7.7% on 02/12/18: This is why
Riot Blockchain, Inc. (RIOT) jumped based on the bullish news related to investment an additional CAD $3.4 million in one of its portfolio holdings, goNumerical Ltd (dba “Coinsquare”). The investment is part of a CAD $30 million financing at a CAD $430 million post-money valuation. This valuation for Coinsquare is over fifteen times the valuation from Riot Blockchain’s initial investment in September 2017. Riot Blockchain additionally exercised its previously acquired warrants at a CAD $94 million valuation, and now owns approximately 12.5% of Coinsquare after the latest investment.
“Coinsquare continues its rapid growth and execution while positioning itself as the leading digital currency exchange in Canada ,” commented John O’Rourke , Chairman and Chief Executive Officer of Riot Blockchain. “We believe that Coinsquare offers the most compelling platform to transact in digital currencies in Canada . They will play a key role in advising Riot Blockchain on its efforts to establish a transparent and compliant United States -based digital currency exchange.”
Why are we Bullish on the new: Coinsquare continues its rapid growth and execution while positioning itself as the leading digital currency exchange in Canada. The stock has been impacted by the bullish news and jumped by 7.7%. We provide a Bullish short-term news
(Views and recommendations given in this section are for research purposes only. Please consult your financial adviser before taking any position in the stock/s or currencies mentioned.) Neither First to invest. nor any of its officers, employees, representatives, agents or independent contractors are, in such capacities, licensed financial advisors, registered investment advisers or registered broker-dealers. First to invest does not provide investment or financial advice or make investment recommendations. Nothing contained in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer by First to invest of any particular security, transaction or investment. Our goal as publishers of financial information is to provide research and analysis of investments to our subscribers
We read the news for you – News signals based on bullish and bearish news
Up-to-the-minute access to the news that matters, that moves markets. Our news signals are delivered when important news happens in real-time. Coverage of companies, markets, economies, currencies, and commodities ensure that you get the information you need when you need it most
Providing news signals based on big data and text analysis of bullish and bearish news. The news indicator is not based on price, which is completely opposite the one the industry use, test it for yourself. We use big data, to aggregate more than 12,000 news items per day in real-time 24/7. Next, we filter the news using text and sentiment analysis of bullish and bearish keywords and phrases. It’s taken us less than a minute from the news release, analyze the news and send it.