Riot Blockchain is searching for a chief technology
officer a couple months after it announced it would enter the
Originally, it made diagnostic machinery for biotech
companies under the name BiOptix Diagnostics.
Its stock has soared more than 300% since announcing
It looks like Riot Blockchain put the horse before the carriage.
The company, which pivoted to blockchain after operating for more
than a decade as a biotech firm under the name BiOptix
Diagnostics, is on the hunt for a chief technology officer,
according to a job posting on LinkedIn.
“Riot Blockchain is seeking a technically experienced and highly
motivated CTO candidate with a passion for blockchain
technology,” the ad said.
The candidate should be able to juggle a number of tasks,
including the “implementation of technical aspects, recruit top
developers and blockchain specialists, and build bridges and
network with blockchain community.”
The CTO will also help build out the firm’s crypto-mining
operations. Still, a technical background in cryptocurrencies is
“Technical experience in cryptocurrency or cryptocurrency mining
is a big plus,” the ad said.
Riot Blockchain has soared more than 300% since it announced in
early October that it was
pivoting toward buying cryptocurrency and blockchain
businesses. It previously focused on making diagnostic
machinery for the biotech companies.
Pivoting to blockchain is proving to be lucrative for some
otherwise unheard of companies. On Thursday,
The Long Island Iced Tea Corporation announced it was
changing its name to Long Blockchain. Gaming company Veltyco
saw its stock price leap higher on Thursday after
telling investors it has “commenced discussions with blockchain
and cryptocurrency providers” about potential partnerships.
The growing trend is reminding
some people of the dot-com bubble of the late 1990’s.
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