Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot,” “Riot
Blockchain” or “the Company”), an industry leader in
Bitcoin (“BTC”) mining and hosting is pleased to report that, in
respect of its upcoming Annual General Meeting of stockholders (the
“
AGM”), both Institutional Shareholder Services
(“
ISS”) and Glass, Lewis & Co. (“
Glass Lewis”),
the leading independent proxy advisor firms who provide voting
recommendations to institutional investors, have recommended that
the Company’s stockholders vote
FOR Proposal No.
4, to increase the number of authorized shares of Riot Blockchain,
Inc. common stock, authorized for issuance.
YOUR VOTE IS IMPORTANT - PLEASE VOTE
TODAY
The proxy voting deadline is 11:59 p.m.
ET on July 26, 2022.
We encourage you to vote well in advance
of the deadline.
In their recommendations to shareholders on
voting FOR the increase in the number of
authorized shares, both ISS and Glass Lewis agreed with the
Company’s Board of Directors on the need for additional shares.
Proposal No. 4 – Increase Common Stock Authorized for
Issuance
By increasing the number of authorized shares of Riot common
stock now, the Company will be able to act in a timely manner if
and when the Company’s Board of Directors believes it is in the
best interests of the Company and stockholders to take strategic
action, without the delay and expense that would be required at
that time to obtain stockholder approval to increase the authorized
shares. By increasing the number of authorized shares of common
stock, Riot will have greater flexibility to pursue value-creative
opportunities, which may include corporate transactions, public or
private offerings of equity securities, and attracting and
retaining top talent in a highly competitive market.
The Board of Directors of Riot
Blockchain UNANIMOUSLY recommends that Riot Blockchain
stockholders vote FOR all proposals.
Riot Blockchain AGM
The AGM is scheduled for 9:00 a.m.
ET on Wednesday, July 27, 2022, online at
www.virtualstockholdermeeting.com/RIOT2022.
Additional information concerning the proposals can be found in
the definitive proxy statement dated June 17, 2022.
How to Vote
Please vote your shares, via the methods as set out below, by
following the instructions included on your proxy card:
• Before the
Meeting – www.proxyvote.com
• During the
Meeting – www.virtualstockholdermeeting.com/RIOT2022
- Vote by Phone: 1-866-620-9211 or
1-800-690-6903
- Vote by Mail: c/o Broadridge, 51 Mercedes Way,
Edgewood, NY 11717.
Important Information
This communication may be deemed to be solicitation material in
connection with the proposals to be considered at the Company’s
upcoming special meeting of shareholders. In connection with the
proposals, Silver Bull filed a definitive proxy statement on
Schedule 14A with the U.S. Securities and Exchange Commission
(the “SEC”) on November 6, 2020. Shareholders are urged
to read the definitive proxy statement and all other relevant
documents filed with the SEC because they contain important
information about the proposals. An electronic copy of the
definitive proxy statement is available on the Company’s website at
www.silverbullresources.com, on the Company’s EDGAR profile at
www.sec.gov, and on its SEDAR profile at www.sedar.com.
Participants in the Solicitation
Riot and its directors and executive officers may be deemed to
be participants in the solicitation of proxies from Riot Blockchain
stockholders in respect of the proposals to be considered at the
Company’s upcoming AGM. Information about the directors and
executive officers of Riot Blockchain can be found in its Annual
Report on Form 10-K for the year ended December 31, 2021,
as amended on Form 10-K/A, filed with the SEC on March 16, 2022 and
May 2, 2022 respectively, filings on Form 3, 4 and 5 filed
with the SEC, and the Company’s definitive proxy statement for the
upcoming AGM filed with the SEC on June 17, 2022.
About Riot Blockchain, Inc.
Riot Blockchain’s (NASDAQ: RIOT) vision is to be the world’s
leading Bitcoin-driven infrastructure platform.
Our mission is to positively impact the sectors, networks and
communities that we touch. We believe that the combination of
an innovative spirit and strong community partnership allows the
Company to achieve best-in-class execution and create successful
outcomes.
Riot is a Bitcoin mining and digital infrastructure company
focused on a vertically integrated strategy. The Company has
Bitcoin mining data center operations in central Texas, Bitcoin
mining operations in central Texas and upstate New York, and
electrical switchgear engineering and fabrication operations in
Denver, Colorado.
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 rely 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.
These forward-looking statements may include, but are not limited
to, statements about the benefits of acquisitions, 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 Bitcoin production; our future
hash rate growth (EH/s); the anticipated benefits, construction
schedule, and costs associated with the Navarro site expansion; our
expected schedule of new miner deliveries; our ability to
successfully deploy new miners; M.W. capacity under development; we
may not be able to realize the anticipated benefits from
immersion-cooling; the integration of acquired businesses 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 our acquisitions; and the impact of
COVID-19 on us, our customers, or on our suppliers in connection
with our estimated timelines. Detailed information regarding the
factors identified by the Company’s management which they believe
may cause actual results to differ materially from those expressed
or implied by such forward-looking statements in this press release
may be found in the Company’s filings with the U.S. Securities and
Exchange Commission (the “SEC”), including the risks, uncertainties
and other factors discussed under 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, 2021, as amended, and the other filings the
Company makes with the SEC, copies of which may be obtained from
the SEC’s website, 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 such 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 such forward-looking statements.
Phil McPherson
Riot Blockchain, Inc.
303-794-2000 ext. 110
IR@riotblockchain.com
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