Riot Blockchain, Inc. Has Changed Its Name to Riot Platforms, Inc.

Riot Blockchain, Inc. Rebrands to Riot Platforms, Inc. to Reflect Increasingly Diversified Bitcoin-Driven Business Operations

Riot Platforms, Inc. (NASDAQ: RIOT) (formerly Riot Blockchain, Inc.), an industry leader in Bitcoin mining and data center hosting, announces the rebranding of its corporate name from Riot Blockchain, Inc. to Riot Platforms, Inc.

Riot’s rebranding supports the Company’s growth strategy of continuing to diversify its business operations and reflects a renewal of its corporate vision of becoming the world’s leading Bitcoin-driven infrastructure platform.

“This is a significant milestone for Riot and results from our unique strategic position in the market,” said Riot CEO Jason Les. “Our successful acquisitions of Whinstone U.S., which developed and operates North America’s largest dedicated Bitcoin mining data center facility, and ESS Metron, which enhanced our electrical component engineering and supply chain capabilities, have formed the foundation on which our teams have built and will continue to develop, business platforms for further growth. Our businesses’ scope and scale are expanding, and this rebranding better reflects our position as strategic capital allocators to broaden the scope of our Bitcoin-focused operations.”

Riot is continuing to pursue opportunities to strengthen the Company’s expansion projects across its expanding, vertically integrated business lines. Riot and Whinstone U.S. will operate as Riot Platforms, Inc., while Riot’s electrical equipment manufacturing business will continue to operate as ESS Metron to support its long-established client base.

Riot’s common stock continues to be listed for trading on NASDAQ Capital Market under the same ticker symbol ‘RIOT’. As a result of the name change, the Company’s common stock was not assigned a new CUSIP and remains 767292105.

The Company Riot Platforms, Inc.

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

Our mission is to have a positive impact on the sectors, networks, and communities we work in.

We believe that the Company’s innovative spirit, combined with strong community partnerships, enables it to achieve best-in-class execution and successful outcomes.

Riot is a Bitcoin mining and digital infrastructure company with a vertically integrated business model. The Company operates a Bitcoin mining data center in central Texas, as well as Bitcoin mining operations in central Texas and electrical switchgear engineering and fabrication operations in Denver, Colorado.

You can visit the Riot Platforms Inc. website for more information.

Secure Harbor

Forward-looking statements in this press release that are not historical facts reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are protected by the safe harbor provisions of Sections 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934.

Because forward-looking statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by them. Forward-looking statements are identified by words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions.

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These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operational results, as well as statements about the Company’s plans, objectives, expectations, and intentions.

Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements are, but are not limited to, unaudited estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the Navarro site expansion; our expected schedule of new miner deliveries; our ability to successfully deploy new miners; M.W. capacity under development; we may not be able to successfully deploy new miners; we may not be able Detailed information about 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 filings with the United States Securities and Exchange Commission (the “SEC”), including the risks, uncertainties, and other factors discussed in the sections titled “Risk Factors” and “Cautionary Note Regarding Fo” Except as required by law, all forward-looking statements in this press release are made 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 events or circumstances that subsequently occur or of which the Company becomes aware. Readers of this press release should not place undue reliance on such forward-looking statements.

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