Why Riot Blockchain's Stock Is Trading Higher Today

Riot Blockchain RIOT shares are trading higher on Tuesday amid strength in Bitcoin prices.

Riot Blockchain is focused on building, supporting and operating blockchain technologies. Distributed blockchain technology is a decentralized and encrypted ledger that is designed to offer a secure, efficient, verifiable and permanent way of storing records and other information without the need for intermediaries. It serves as a medium of exchange, store of value or unit of account.

Riot Blockchain’s stock traded up 49.27% at $6.12 per share at the time of publication on Tuesday. The stock has a 52-week high of $6.29 and a 52-week low of 51 cents.