Riot Blockchain, Inc. Riot has announced a corporate rebrand to Platforms, Inc., reflecting its increasingly diversified, bitcoin-based business operations.
Castle Rock, CO, January 03, 2023 (GLOBE NEWSWIRE) — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot,” “Riot Platforms, Inc.” or the “Company”)(formerly Riot Blockchain, Inc.) an industry leader in Bitcoin mining and data center hosting, announces that it has rebranded its corporate name from Riot Blockchain, Inc. to Riot Platforms, Inc.
Riot’s rebranding is central to the Company’s growth strategy to continue expanding its increasingly diversified business operations and reflects a renewal of its corporate vision to become the world’s leading Bitcoin handling infrastructure platform.
“This is a significant milestone for Riot and the result of our unique strategic position in the market,” said Riot CEO Jason Les. “Our successful acquisitions of Whinstone US, North America’s largest dedicated Bitcoin mining data developer and operator, and ESS Metron, which has improved its central facility and electrical component engineering and supply chain capabilities, form the foundation upon which our teams have built and will continue to build business platforms for further growth.” has been expanding, and this rebranding better reflects our position as a strategic capital allocator to further expand the reach of our Bitcoin-focused operations.
Riot is focused on providing opportunities to develop the Company’s expansion projects across growing, vertically integrated lines of business. Riot and Whinstone US Riot Platforms, Inc. while Riot’s electrical equipment manufacturing business will continue to operate under the ESS Metron brand to support its long-standing customer base.
Riot’s common stock continues to be listed for trading on the NASDAQ Capital Market under the same ticker symbol ‘RIOT’. The Company’s common stock was not assigned a new CUSIP as a result of the name change and remains 767292105.
About Riot Platforms, Inc
Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-powered infrastructure platform.
Our mission is to positively impact the sectors, networks and communities we touch. We believe that the combination of an innovative spirit and strong community partnerships enables the Company to achieve best-in-class results 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 electrical switchgear engineering and manufacturing operations in Denver, Colorado.
For more information, visit www.riotplatforms.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 regarding future performance and economic conditions. Such statements are based 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 statements. forward-looking statements. Words such as “expects”, “believes”, “plans”, “anticipates”, “intends”, “will”, “potential”, “expects” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, the benefits of acquisitions and statements about the Company’s plans, goals, expectations and intentions, including financial and operating results. Risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unverified estimates of Bitcoin production; our future hash rate growth (EH/s); the expected benefits, construction schedule and costs associated with the expansion of the Navarro site; our expected schedule for new miner supply; our ability to successfully deploy new miners; MW capacity is under development; we may not be able to realize the anticipated benefits of 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 than anticipated; Failure to otherwise realize the efficiencies and strategic and financial benefits expected from our acquisitions; and the impact of COVID-19 on us, our customers or our suppliers in relation to our estimated timelines. Details that could cause actual results as determined by the Company’s management to differ materially from those expressed or implied in this press release can be found in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including those filed on December 31 risks, uncertainties and other factors discussed in the “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” sections of the Company’s Annual Report on Form 10-K for the fiscal year just ended. , 2021, as amended, and the Company’s other filings with the SEC, copies of which are available at the SEC’s website at www.sec.gov. All forward-looking statements contained in this press release speak 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 subsequent events or circumstances, or as required by law. except as required will be known to the Company hereafter. Persons reading these press releases are cautioned not to place undue reliance on such forward-looking statements.
CONTACT: Alexis Brock Riot Platforms, Inc. 5129406014 PR@riot.inc Phil McPherson Riot Platforms, Inc. 303-794-2000 ext. 110 IR@riot.inc
