US: Riot Blockchain Flagged by Auditor for ‘Material Weaknesses’ in Financial Reports


Riot Blockchain, the cryptocurrency company whose stock skyrocketed after changing its name from Bioptix, announced what it called “material weaknesses” in internal control over financial reporting and an adverse auditor report in its latest annual report, filed Tuesday. The annual report filed with the Securities and Exchange Commission shows a company in the red. The company says it currently has just over $225,000 in cash compared to more than $41.6 million at year end 2017.

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