Visit Riot’s Whinstone with management
Castle Rock, CO, Sept. 29, 2021 (GLOBE NEWSWIRE) – Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or the “Company”), a Nasdaq-listed Bitcoin industry leader in mining and hosting, announces the official investor of Riot’s Whinstone facility to take place on October 20, 2021.
The largest Bitcoin mining facility in North America, measured through developments
Riot acquired Whinstone US, Inc. (“Whinstone”) in May 2021, with an evolved capacity of three hundred megawatts (MW), competitive energy prices estimated at 2. 5 c/kWh, and an industry-leading Bitcoin mining infrastructure progression team.
Immediately following the acquisition, Riot announced a 400 MW expansion of the Bitcoin mining infrastructure at Whinstone. The first expansion is expected to be completed through the first quarter of 2022 and the rest through the last quarter of 2022.
Invitations for investors are open to get a first-hand look at Riot’s Whinstone facility and to have the opportunity to sign up for an assembly with the Riot and Whinstone control teams.
For more information on Investor Day, contact Phil McPherson, vice president of capital markets at pmcpherson@riotblockchain. com.
About Riot Blockchain, Inc.
Riot Blockchain (NASDAQ: RIOT) focuses on Bitcoin mining and, through Whinstone, its subsidiary, hosts the Bitcoin mining apparatus for institutional clients. Riot is headquartered in Castle Rock, Colorado, and the Whinstone site operates in Rockdale, Texas. The company also owns mining apparatus operating in upstate New York under a colocation hosting agreement with Coinmint, LLC. For more information, www. RiotBlockchain . com
Safe Harbor
Statements in this press release that are not old facts are forward-looking statements that reflect existing management expectations, assumptions and estimates related to long-term economic conditions and functionality. Such statements are made based on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Stock Exchange Act of 1934. Since such statements are subject to threats and uncertainties, the effects actual may differ materially from those expressed or expressed. implied through those forward-looking statements. Words such as “anticipates”, “believes”, “plans”, “expects”, “intends”, “will”, “possible”, “expects” and similar expressions are intended to identify forward-looking statements. Forward-looking statements may never materialize or may be inaccurate. The actual effects and timing of occasions may also differ materially from those expected in those forward-looking statements due to various threats and uncertainties. These forward-looking statements would possibly include, without limitation, statements about the benefits of the Whinstone acquisition, adding monetary and operational effects, and the plans, objectives, expectations and purposes of the Company. Some of the threats and uncertainties that may also cause actual effects to differ from those expressed in the forward-looking statements include, but are not limited to: unaudited estimates of BTC production; our long-term hash rate expansion (EH / s); our expected schedule of new miner deliveries; our ability to effectively deploy new miners; MW capacity under development; the integration of the Company and Whinstone activities may not be successful, or such integration would take longer or would be more difficult, longer or more costly to achieve than expected; Failing to differently achieve the efficiencies and strategic and monetary benefits expected from the Whinstone acquisition; and have a COVID-19 effect on us, our consumers, or our suppliers in relation to our estimated timelines. Detailed data related to other points that may also cause real effects that differ materially from those expressed or implied through the statements contained in this press release can be found in the documents filed through the Company with the Commission of Stock Market and Securities. United States (the “SEC”), adding the sections entitled “Risk Factors” and “Caution Regarding Forward-Looking Statements” to the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, and our other documents filed with the SEC, adding, but not limited to, the threat points set forth in the company’s existing report on Form 8-K filed with the SEC on May 26, 2021. 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 legal purpose or responsibility to update or revise any forward-looking statement to reflect subsequent events or events, or the which the Company becomes aware of below, unless required by law. Persons who read this press release are cautioned not to place undue reliance on forward-looking statements.