Riot Blockchain Announces Investor Site Tour
September 29 2021 - 4:55PM
Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot”, “Riot Blockchain”
or the “Company"), a Nasdaq-listed industry leader in Bitcoin
mining and hosting, announces official investor tour of Riot’s
Whinstone Facility to be held on October 20, 2021.
North America’s Largest Bitcoin Mining Facility as Measured
by Developed Capacity
- Riot acquired Whinstone US, Inc. (“Whinstone”) in May 2021,
with a developed capacity of 300 megawatts (MW), competitive energy
costs at an estimated 2.5c/kWh, and an industry-leading Bitcoin
mining infrastructure development team.
- Immediately following the acquisition, Riot announced a 400 MW
expansion of Bitcoin mining infrastructure at Whinstone. The
expansion's first portion is estimated to be complete by Q1 2022
and the balance by Q2 2022.
- Investor invitations are open for a firsthand look at Riot’s
Whinstone Facility and for the opportunity to participate in a
meeting with the Riot and Whinstone management teams.
For information regarding attending the investor day, please
contact Phil McPherson, Vice President of Capital Markets at,
pmcpherson@riotblockchain.com.
About Riot Blockchain, Inc.
Riot Blockchain (NASDAQ: RIOT) focuses on mining Bitcoin, and
through Whinstone, its subsidiary, hosting Bitcoin mining equipment
for institutional clients. The Company is expanding and
upgrading its mining operations through industrial-scale
infrastructure development and latest-generation miner procurement.
Riot is headquartered in Castle Rock, Colorado, and the
Whinstone facility operates out of Rockdale, Texas. The Company
also has mining equipment operating in upstate New York under a
co-location hosting agreement with Coinmint, LLC. For more
information, visit www.RiotBlockchain.com
Safe Harbor
Statements in this press release that are not historical facts
are forward-looking statements that reflect management’s current
expectations, assumptions and estimates of future performance and
economic conditions. Such statements are made in reliance on the
safe harbor provisions of Section 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Because
such statements are subject to risks and uncertainties, actual
results may differ materially from those expressed or implied by
such forward-looking statements. Words such as "anticipates,"
“believes,” "plans," "expects," "intends," "will," "potential,"
"hope" and similar expressions are intended to identify
forward-looking statements. Forward-looking statements may
never materialize or may prove to be incorrect. Actual
results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of
various risks and uncertainties. These forward-looking
statements may include, but are not limited to, statements about
the benefits of the acquisition of Whinstone, including financial
and operating results, and the Company’s plans, objectives,
expectations and intentions. Among the risks and
uncertainties that could cause actual results to differ from those
expressed in forward-looking statements, include, but are not
limited to: unaudited estimates of BTC production; our future hash
rate growth (EH/s); our expected schedule of new miner deliveries;
our ability to successfully deploy new miners; MW capacity under
development; the integration of the businesses of the Company
and Whinstone may not be successful, or such integration may take
longer or be more difficult, time-consuming or costly to accomplish
than anticipated; failure to otherwise realize anticipated
efficiencies and strategic and financial benefits from the
acquisition of Whinstone; and the impact of COVID-19 on us, our
customers, or on our suppliers in connection with our estimated
timelines. Detailed information regarding other factors that
may cause actual results to differ materially from those expressed
or implied by statements in this press release may be found in the
Company's filings with the U.S. Securities and Exchange Commission
(the “SEC”), including in the sections entitled "Risk Factors" and
“Cautionary Note Regarding Forward-Looking Statements” of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, and our other filings with the SEC, including,
but not limited to the additional risk factors set forth in the
Company’s Current Report on Form 8-K filed with the SEC on May 26,
2021, copies of which may be obtained from the SEC's website
at www.sec.gov. All forward-looking statements included
in this press release are made only as of the date of this press
release, and the Company disclaims any intention or obligation to
update or revise any forward-looking statements to reflect events
or circumstances that subsequently occur, or of which the Company
hereafter becomes aware, except as required by law. Persons reading
this press release are cautioned not to place undue reliance on
forward-looking statements.
Trystine Payfer
Riot Blockchain, Inc.
303-794-2000 ext. 118
pr@riotblockchain.com
Phil McPherson
Riot Blockchain, Inc.
303-794-2000 ext. 110
IR@riotblockchain.com
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