Riot Announces August 2022 Production and Operations Updates

Riot Announces August 2022 Production and Operations UpdatesRiot Produces 374 Bitcoin in August 2022 While Continuing to Support Grid Stability in Texas Through Successful Utilization of Proprietary Power StrategyCastle Rock, CO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in Bitcoin (“BTC”) mining and data center hosting, announces unaudited production and operations updates for August 2022. As of August 31, 2022, Riot held approximately 6,720 BTC, all produced by the Company’s self-mining operations. In August 2022, Riot sold 350 BTC, generating net proceeds of approximately $7.7 million. In addition to the Company’s self-mining operations, Riot hosts approximately 200 MW of institutional Bitcoin mining clients. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements.