Riot Blockchain announces independent proxy consulting firms

Castle Rock, CO, July 11, 2022 (GLOBE NEWSWIRE) – Riot Blockchain, Inc. (NASDAQ: RIOT) (“Riot”, “Riot Blockchain” or the “Company”)an industry leader in Bitcoin (“BTC”) mining and hosting is pleased to report that in conjunction with its upcoming Annual General Meeting of Shareholders (“General Assembly”), Both institutional shareholder services (“ISS”) And Glass, Lewis & Co. (“Glass Lewis”), The leading independent proxy advisory firms that provide voting recommendations to institutional investors, have recommended that the company’s shareholders vote TO Proposal No. 4, to increase the number of authorized shares in Riot Blockchain, Inc. ordinary shares, authorized for issue.

YOUR VOTE IS IMPORTANT – VOTE TODAY

The deadline for proxy voting is 26:59 ET July 26, 2022.

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

In their recommendations to shareholders on voting TO the increase in the number of authorized shares, both ISS and Glass Lewis agreed with the company’s board on the need for additional shares.

Proposal no. 4 – Increase in shares authorized for issue

By increasing the number of authorized shares in Riot shares now, the company will be able to act in a timely manner if and when the company’s board believes it is in the company’s and shareholders’ interests to take strategic action, without the delay and expenses that would be necessary. at the time of obtaining shareholder approval to increase the authorized shares. By increasing the number of authorized shares, Riot will have greater flexibility to pursue value-creating opportunities, which may include company transactions, public or private offerings of shares, and attract and retain top talent in a highly competitive market.

The board of Riot Blockchain UNANIMOUS recommends that Riot Blockchain shareholders vote TO all suggestions.

Riot Blockchain General Assembly

The general meeting is scheduled for 9:00 ET on Wednesday, July 27, 2022online at www.virtualstockholdermeeting.com/RIOT2022.

Further information about the proposals can be found in the final power of attorney statement dated 17 June 2022.

How to vote

Please vote for your shares, via the methods listed below, by following the instructions on your proxy card:

• Before the meeting – www.proxyvote.com

• During the meeting – www.virtualstockholdermeeting.com/RIOT2022

• Vote by phone: 1-866-620-9211 or 1-800-690-6903
• Vote by mail: c / o Broadridge, 51 Mercedes Way, Edgewood, NY 11717.

important information

This communication can be considered as encouraging material in connection with the proposals to be considered at the Company’s forthcoming extraordinary shareholders’ meeting. In connection with the proposals, Silver Bull sent a final power of attorney on Schedule 14A to the US Securities and Exchange Commission («SEC”) November 6, 2020. Shareholders are encouraged to read the final power of attorney statement and all other relevant documents submitted to the SEC because they contain important information about the proposals. An electronic copy of the final power of attorney declaration is available on the company’s website at www.silverbullresources.com, on the company’s EDGAR profile at www.sec.gov and on the SEDAR profile at www.sedar.com.

Participants in the invitation

Riot and its directors and senior executives may be considered to be participants in obtaining authorizations from Riot Blockchain shareholders with respect to the proposals to be considered at the Company’s forthcoming general meeting. Information about the directors and CEOs of Riot Blockchain can be found in the annual report on form 10-K for the year ended 31 December 2021, as amended on form 10-K / A, submitted to the SEC on 16 March 2022 and 2 May 2022, respectively. , submissions on forms 3, 4 and 5 filed with the SEC, and the company’s final power of attorney for the forthcoming general meeting submitted to the SEC June 17, 2022.

About Riot Blockchain, Inc.

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

Our mission is to positively influence the sectors, networks and communities we affect. We believe that the combination of an innovative spirit and a strong community partnership enables the company to achieve best-in-class execution and create successful results.

Riot is a Bitcoin mining and digital infrastructure company focusing on a vertically integrated strategy. The company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas and upstate New York, and electrical switching equipment technology and manufacturing operations in Denver, Colorado.

For more information, visit www.RiotBlockchain.com.

Safe harbour

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions and estimates for future performance and financial conditions. Such statements are subject to 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 risk and uncertainty, actual results may differ materially from those expressed or implied by such statements. forward-looking statements. Words such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “will”, “potential”, “hope” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operating results, and the company’s plans, goals, expectations and intentions. Among the risks and uncertainties that may cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unaudited estimates of Bitcoin production; our future hash rate growth (EH / s); the expected benefits, construction plan and costs associated with the expansion of the Navarro site; our expected schedule for deliveries of new miners; our ability to successfully deploy new miners; MW capacity under development; we may not be able to realize the expected 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 to implement than expected; failure to otherwise realize expected efficiencies and strategic and financial benefits from our acquisitions; and the impact of COVID-19 on us, our customers or our suppliers in connection with our estimated timelines. Detailed information regarding the factors identified by the Company’s management that they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release can be found in the Company’s registrations to the US Securities and Exchange Commission (“SEC”). , including the risks, uncertainties and other factors discussed under the sections “Risk factors” and “Warning regarding forward-looking statements” in the company’s annual report on Form 10-K for the financial year ended December 31, 2021, as amended, and the other registrations the company to the SEC, copies of which can be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only on the date of this press release, and the Company disclaims any intention or obligation to update or revise such forward-looking statements to reflect events or circumstances that later occur, or as the Company becomes known hereinafter with, except as required by law. People reading this press release are warned not to trust such forward-looking statements.