Rebranding from Riot Blockchain to Riot Platforms is meant to accommodate recent acquisitions including Whinstone US and ESS Metron.

Formerly known as Riot Blockchain Inc (NASDAQ: RIOT), one of the largest Bitcoin mining and publicly traded companies, has announced the rebranding of its corporate name to Riot Platforms Inc. According to the announcement, the rebranding is in line with the company’s mission to become the world’s leading Bitcoin-driven infrastructure platform. The company has morphed to accommodate recent company acquisitions.

Despite the name change, the company has announced that its common stock will continue to trade on NASDAQ Capital Market under the same ticker symbol RIOT. Following the announcement, RIOT shares gained approximately 1.78 percent to exchange at about $3.43 during Tuesday’s after-hours trading session.

(By Steve Muchoki)