Riot Blockchain Announces Further Progress in Company’s Transformation and Delivery of Additional 1,040 S19 Antminers from Bitmain

CASTLE ROCK, Colo., Aug. 13, 2020 /PRNewswire/ — Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot,” “Riot Blockchain” or the “Company”), has received 1,040 S19 95TH miners, the second of three orders cumulatively totaling 3,040, S19 and S19 Pro Antminers from BitmainTech PTE. LTD. (“Bitmain”), at Coinmint’s Massena, New York facility. Deployment of these 1,040 new S19 next generation miners has commenced and is expected to be completed by Monday, August 17, 2020. After deploying these 1,040 S19 miners, the Company expects to increase its hash rate by 28% to 456 PH/s.