Riot Platforms, Inc. · NASDAQ:RIOT
Riot Platforms — Riot Blockchain — H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference 2021
16 slides from Riot Platforms's conference presentation, Apr 27, 2021
Slide 1: Riot Blockchain, Inc. H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference
Riot Blockchain, Inc. H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference April 27, 2021
Slide 2: Forward looking statements
Forward looking statements The information provided in this presentation may include forward - looking statements within the meaning of the federal securities laws, including as to the completion and effects of the contemplated acquisition by Riot Blockchain, Inc . (the “Company” or “Riot”) of Whins
Slide 3: Presenter: Jason Les, Chief Executive Officer
Presenter: Jason Les • Chief Executive Officer • CEO since February 2021 and Director since 2017 • Driving force behind Riot’s mission to become one of the most relevant and significant companies supporting America’s role in the development of the Bitcoin network. • Deeply involved in Bitcoin since
Slide 4: Riot: A leader in US Bitcoin mining
Riot: A leader in US Bitcoin mining • Riot began mining Bitcoin in 2017 and operated a mining facility in Oklahoma City from early 2018 to mid - 2020. • In early 2020, Riot made a strategic shift to lower operating costs and moved its entire mining fleet to Coinmint , LLC’s (“ Coinmint ”) Bitcoin mi
Slide 5: Introduction to Bitcoin
Introduction to Bitcoin • Bitcoin uses cryptography to secure and verify transactions on a distributed network . • Bitcoin uses a blockchain as the data structure that serves as the public ledger of all transactions. • Bitcoin is the dominant cryptocurrency with a US$1.2 trillion global market capit
Slide 6: Introduction to Bitcoin mining
Introduction to Bitcoin mining • Bitcoin mining is the process of repeatedly guessing inputs into an algorithm until the desired output is observed. Miners compete to get this output, which results in a reward. • The primary purpose of mining is to set the history of transactions in such a way that
Slide 7: Riot's Bitcoin mining hash rate growth
Riot’s Bitcoin mining hash rate growth • Since 2019, multiple long - term purchase orders with industry - leading hardware manufacturer, Bitmain . • 1.3 EH/s hashing capacity as of beginning of Q2 2021. • 1.6 EH/s hashing capacity estimated by the end of April 2021. • Monthly shipments of additional
Slide 8: Riot's operations in Massena, NY
Riot’s operations in Massena, NY • Riot’s mining fleet is hosted at Coinmint’s hosting facility in Massena, NY. Riot moved its entire fleet from Oklahoma City to Massena in mid - 2020. • Coinmint’s facility is a former Alcoa smelting operation with 435 megawatts (“MW”) in total capacity, of which 50
Slide 9: Texas pilot project
Texas pilot project • Riot’s continuously explores new mining technology to maintain a leading position within the mining industry. • In December 2020, Riot announced a pilot project utilizing up to 8 MW to assess the potential for higher productivity and lower cost mining opportunities. • Partnersh
Slide 10: Acquisition of Whinstone
Acquisition of Whinstone In April 2021, Riot announced the acquisition of Whinstone: • Whinstone’s facility is largest single Bitcoin mining facility in North America, with 300 MW in developed capacity, and is expandable to 750 MW. • Transaction provides Riot with a clear and de - risked path to gro
Slide 11: Acquisition accelerates growth plan
Acquisition accelerates growth plan Riot 2017 to 2020 Riot + Whinstone: 2021 onwards A leading Bitcoin miner with access to large miner purchases Largest publicly - traded Bitcoin mining & hosting company and a leading US Bitcoin platform Current mining fleet entirely hosted at Coinmint’s Massena, N
Slide 12: Bitcoin's relationship with electricity
Bitcoin ’s relationship with electricity • Bitcoin mining uses electricity to objectively, and independently from the system itself, verify that a certain amount of time has passed between each new block. • Because electricity is a scarce and non - forgeable resource, counterfeiting and tampering wi
Slide 13: Bitcoin mining and ESG (1 of 2)
Bitcoin mining and ESG (1 of 2) • 76% of Bitcoin miners utilize renewable energy as a part of their energy mix with renewable energy accounting for approximately 40% of their overall energy mix.* • Bitcoin miners are incentivized to minimize their electricity costs. Globally, Bitcoin miners congrega
Slide 14: Bitcoin mining and ESG (2 of 2)
Bitcoin mining and ESG (2 of 2) • Bitcoin miners actively seek stranded renewable energy sources. By increasing demand for renewable energy production, costs over time are reduced for the public. • Bitcoin mining helps solve the problem of excess production of renewable energy – e.g. when more energ
Slide 15: Is Bitcoin the future?
Is Bitcoin the future? The potential shift: a complete re - invention of global finance A new store of value (e.g. better version of gold) A global currency & unit of account A savings - oriented vs. consumption - oriented economy Significant long - term implications for nation states & central bank
Slide 16: Riot Blockchain, Inc. contact information
Riot Blockchain, Inc. For more information, please contact: IR@riotblockchain.com 16
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