CASTLE ROCK, Colo.,
Jan. 30, 2020 /PRNewswire/
-- Riot Blockchain, Inc. (NASDAQ: RIOT) ("Riot" or the
"Company"), one of the few Nasdaq listed public cryptocurrency
mining companies in the United
States, received a written notification from
the Division of Enforcement of the Securities and
Exchange Commission (the "SEC") on January 29, 2020.
According to the letter, the SEC has concluded its
investigation of Riot, which was originally announced on
April 9, 2018, and based on the
information the SEC has as of the date of the letter, it does not
intend to recommend an enforcement action
against Riot, with respect to the matters investigated by
the SEC.
The Board of Directors and Management of Riot are pleased
the SEC has concluded its investigation without
recommending any enforcement action. Riot remains focused on the
cryptocurrency sector with the goal of creating added shareholder
value.
About Riot Blockchain
Riot Blockchain is focused on building, operating, and
supporting blockchain technologies. Its primary operations consist
of cryptocurrency mining, targeted development of a cryptocurrency
exchange, and the identification and support of innovations within
the sector. For more information, visit
http://www.RiotBlockchain.com/.
Investor Notice
Investing in our securities involves a high degree of risk.
Before making an investment decision, you should carefully consider
the risks, uncertainties and forward-looking statements described
under "Risk Factors" in Item 1A of our most recent Form 10-K for
the fiscal year ended December 31,
2018 filed with the Securities and Exchange Commission (the
"SEC") on April 2, 2019, as amended
by Amendment No. 1 on Form 10-K/A on April
23, 2019, as well as those risk factors disclosed in any
periodic reports we file with the SEC. If any of these risks were
to occur, our business, financial condition or results of
operations would likely suffer. In that event, the value of our
securities could decline, and you could lose part or all of your
investment. The risks and uncertainties we describe are not the
only ones facing us.
Additional risks not presently known to us or that we currently
deem immaterial may also impair our business operations. In
addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. See "Safe Harbor"
below.
Safe Harbor
The information provided in this press release may include
forward-looking statements relating to future events or the future
financial performance of the Company. 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," "plans," "expects,"
"intends," "will," "potential," "hope" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements are based upon current expectations of
the Company and involve assumptions that 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. Detailed information regarding factors that may
cause actual results to differ materially from the results
expressed or implied by statements in this press release relating
to the Company may be found in the Company's periodic filings with
the Securities and Exchange Commission, including the factors
described in the sections entitled "Risk Factors," copies of which
may be obtained from the SEC's website at www.sec.gov. The Company
does not undertake any obligation to update forward-looking
statements contained in this press release.
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SOURCE Riot Blockchain, Inc.