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Riot Blockchain Announces Independent Proxy Advisory Firms

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CASTLE ROCK, Colorado, October 27, 2022 (GLOBE NEWSWIRE) — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or “we”)Bitcoin industry leader (“Bitcoin”) mining and hosting, the next general meeting of shareholders (“special meeting), services for institutional investors (“ISS), Glass, Lewis & Co. (“glass lewis”), and Egan-Jones Proxy Services (“Egan Jones), a leading independent proxy voting firm that provides proxy voting recommendations to institutional investors, encourages our shareholders to vote. for Proposition 1, Increase the Number of Shares of Riot Common Stock Authorized for Issuance.

Each of ISS, Glass Lewis and Egan Jones has agreed with the Company’s Board of Directors on the need for additional shares in its recommendations to shareholders to vote in favor of capital increases.

This approval does not necessarily mean that newly authorized shares will be issued, but will be made available to pursue value development opportunities that will enhance shareholder value, if desired. Please be careful.

Your Vote Matters – Vote Today

Proxy voting deadline is November 16, 2022 at 11:59 PM ET.

We encourage you to vote well in advance of the deadline.

Proposal No. 1 – Increase in Common Stock Issuable Shares

By increasing the number of shares of Riot Common Stock now available for issuance, we will be able to act in a timely manner should our Board of Directors determine that it is in the best interest of our company and its shareholders to take strategic action. increase. No delays or costs will be required at that time to obtain shareholder approval to increase the number of authorized shares. By increasing the number of shares of common stock authorized, Riot will have more flexibility to pursue value development opportunities. This may include corporate acquisitions, public or private equity offerings, attracting and retaining top talent in sophisticated environments. competitive market.

Riot Blockchain Board of Directors unanimously Encourage Riot Blockchain shareholders to vote for First draft.

Riot Blockchain Special Meeting

special general meeting 9:00 AM EST upon November 17, 2022,online:

www.virtualstockholdermeeting.com/RIOT2022SM.

Additional information regarding the proposal can be found in the definitive proxy statement dated October 3, 2022.

how to vote

Please follow the instructions on your proxy card to vote for stock in the manner shown below.

• before the meeting – www.proxyvote.com

• During a meeting – www.virtualstockholdermeeting.com/RIOT2022SM

  • Telephone voting: Banks and brokerage firms 1-212-297-0720, Shareholders and Others 1-855-305-0857
  • Vote by Mail: c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

important information

This communication may be considered solicitation material in connection with proposals to be considered at our next special meeting. In connection with the proposal, Riot has filed a definitive proxy statement with the U.S. Securities and Exchange Commission on Schedule 14A (“SEC”) October 3, 2022. Shareholders are advised to read the definitive proxy statement and all other relevant documents filed with the SEC as they contain important information regarding the proposal. An electronic copy of the definitive proxy statement is available here. Link Or in your company’s EDGAR profile www.sec.gov.

solicited participants

Riot Games and its directors and executive officers may be considered participants in proxy solicitations from Riot stockholders with respect to proposals to be considered at our next special meeting. Information about Riot Blockchain directors and executive officers is available on Form 10-K for the year ended December 31, 2021, as amended in Form 10-K/A filed with the SEC on March 16, 2022. in its annual report. Forms 3, 4 and 5, respectively, filed with the SEC on May 2, 2022, and the Company’s definitive proxy statement for its next special meeting filed with the SEC on October 3, 2022.

About Riot Blockchain

Riot Blockchain’s (NASDAQ: RIOT) vision is to become the world’s leading Bitcoin-powered infrastructure platform.

Our mission is to make a positive impact on the sectors, networks and communities we serve. We believe that our innovative spirit combined with strong community partnerships will enable us to achieve best-in-class execution and achieve success.

Riot is a Bitcoin mining and digital infrastructure company focused on a vertical integration strategy. The Company operates a Bitcoin mining data center business in Central Texas, a Bitcoin mining business in Central Texas, and an electrical switchgear engineering and manufacturing business in Denver, Colorado.

For more information, see: www.riot.inc.

safe harbor

The statements in this press release, which 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. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-Looking Statements. Words such as “expect,” “believe,” “plan,” “expect,” “intend,” “will,” “could,” “hope,” and similar expressions refer to forward-looking statements. It is intended to identify the description. These forward-looking statements may include, but are not limited to, statements regarding the benefits of the acquisition. This includes our financial and operating results and our plans, objectives, expectations and intentions. Risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: future hash rate growth (EH/s); projected profits, construction schedules and costs associated with Navarro’s site expansion; Expected schedule for new minor deliveries. Ability to successfully deploy new miners. MW capacity under development. Expected benefits from immersion cooling may not be realized. The integration of acquired businesses may not be successful, or such integration may take longer than expected or may be more difficult, time-consuming or expensive to accomplish. Any other method fails to realize the expected efficiencies and strategic and financial benefits of the acquisition. Impact of COVID-19 on us, our customers, or our suppliers. Further information regarding factors, including risks, identified by the company’s management that could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this press release is available to the SEC. in our company filings. in the section entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in our Annual Report on Form 10-K for the year ended December 31, 2021, as amended. Uncertainties and Other Factors Discussed and Other Filings We have prepared jointly with the SEC, a copy of which is available on the SEC’s website at www.sec.gov. All forward-looking statements contained in this press release are made only as of the date of this press release, and we make no such forward-looking statements to reflect subsequent events or circumstances. disclaims any intention or obligation to update or revise its forward-looking statements. We hereafter recognize, except where required by law. Readers of this press release are cautioned not to place undue reliance on such forward-looking statements.

        

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