Riot Blockchain Inc (NASDAQ:RIOT) has incorporated a wholly owned subsidiary Digital Green Energy Corp (DGEC) to focus on overseas infrastructure opportunities. RIOT is exploring data center operations, cost effective crypto mining operations as well as large energy capacity eco friendly projects. The company has appointed Mr. Daniel Stefan Robertsen as a president of Digital Green Energy Corp with effective from January 24, 2018.
The Chief Executive Officer and Chairman of RIOT, Mr. John O’Rourke is forecasting a strong demand for green energy infrastructure and the company aims to benefit from this great opportunity. Digital Green Energy Corp is aiming to secure access to a low cost and reliable energy. The company will greatly benefit from the expertise of Mr. Robertsen in building as well as managing data center operations. Mr. Robertsen will play a vital role in expanding and building energy infrastructure for the efficient operation of data center and crypto currency mining.
Mr. Robertsen previously held the positions of Chief Executive Officer and Chairman at Bitfury Norway AS. He also held top positions at other companies including Telenor ASA (ADR) (OTCMKTS: TELNY)/ Hanesh Group, Datacom Systems and Facebook Inc. (NASDAQ:FB).
The decentralized blockchain provides an encrypted ledger to store the records permanently. The records are secured and can be verified without any need for intermediaries. It is the backbone for various digital currencies including Litecoin, Ethereum and Bitcoin. Blockchain protocols are widely used in accounting, processing of transactions, proof of ownership and verification etc in a variety of applications.
Brief Information about Riot Blockchain Inc
Riot Blockchain Inc is utilizing the services of professional advisors and its expertise in building/ promoting blockchain technologies. In order to become a leader in supporting blockchain, the company is forming an advisory board.
The company already unveiled its bitcoin mining operations. RIOT is mainly focusing on Ethereum and Bitcoin blockchains as part of its strategy to increase exposure to the blockchain ecosystems. As part of this strategy, the company commenced investments in Verady.io, Coinsquare.io, and TessPay.io. All these initiatives will put the company is a driving seat to reap huge rewards.