Is Riot Blockchain Stock Halal?

Is Riot Blockchain Stock Halal?

How much of Riot Blockchain’s revenue comes from haram?

Riot earns its revenue from mining Bitcoin.

Practical Islamic Finance concludes:

None of Riot’s revenue comes from anything inherently haram.

Does Riot Blockchain rely on interest to operate?

for period ended
Fiscal year
Fiscal year
Interest Income $175$85$0
Total Revenue$23,197$12,081$6,837
Interest Expense $0$0$122
Total Expenses$15,842$31,398$16,919
Interest Income / Revenue0.75%0.70%0%
Interest Expense / Total Expense0%0%0.72%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in Riot’s operations.

What is Riot Blockchain’s Environmental, Social, and Governance (ESG) impact?


No notable environmental highlights.


No notable social highlights. 


In 2018, the SEC announced charges against the former CEO of Riot Blockchain for alleged market manipulation.

The CEO of Riot at the time, John O’Rourke, has since been replaced.

Comfort Rating

From Riot’s business, financial, and ESG reviews, Practical Islamic Finance rates Riot stock as:

Comfortable to invest in from a Halal perspective.


SEC: Former Riot Blockchain CEO agrees to settlement in principle for alleged ‘market manipulation’ 

Riot 2020 10-K

Riot Q1 2021 10-Q  

Subscribe to get our “Intro to Halal-Conscious Investing” and much more for FREE!

Enter your email address to subscribe:*