Riot Platforms, Inc. · NASDAQ:RIOT

Riot Platforms — Riot Blockchain — Merger or Acquisition (April 2021)

10 slides from Riot Platforms's merger presentation, Apr 8, 2021

  1. Slide 1: r= ir s & et & Zz April 8, 2021

    r= 2 ir s & et 2 & Zz April 8, 2021

  2. Slide 2: Cautionary Statement

    2 Cautionary Statement 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 Whinstone

  3. Slide 3: Presentation Participants

    | 3 | 3 Jason Les Riot Blockchain Chief Executive Officer Jeff McGonegal Riot Blockchain Chief Financial Officer Presentation Participants

  4. Slide 4: Creating America's Leading Bitcoin Miner

    4 Creating America’s Leading Bitcoin Miner

  5. Slide 5: Establishing Riot Blockchain as a Leader in American Bitcoin Mining

    5 Establishing Riot Blockchain as a Leader in American Bitcoin Mining By combining the resources and expertise of Riot and Whinstone, we are well positioned to become an anchor to the domestic Bitcoin mining ecosystem Developing a industry - leader in U.S. Bitcoin mining Accelerating the growth of t

  6. Slide 6: Whinstone Highlights

    6 Whinstone Highlights 100 Acres Site in Rockdale, Texas 95,000 Machines Deployed for Institutional Clients 190,000 ft 2 Hosting Space 60,000 ft 2 Under Construction 750 MW Total Power Capacity 300 MW Total Developed Capacity

  7. Slide 7: Industry Leading Bitcoin Mining Capacity

    7 5 25 100 120 180 215 250 300 750 Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Site Capacity Industry Leading Bitcoin Mining Capacity Whinstone's Capacity Utilized by Bitcoin Mining, in Megawatts (1) (1) Forecast period estimates based on contracted capacity.

  8. Slide 8: Combination Accelerates Riot's Long-Term Growth Plan

    8 Combination Accelerates Riot’s Long - Term Growth Plan Riot 2017 - 2021 Riot + Whinstone 2021 On A leading Bitcoin miner with access to large miner purchases Largest publicly traded bitcoin mining & hosting company and a leading U.S. Bitcoin platform Current mining fleet entirely hosted at Massena

  9. Slide 9: Transaction Summary

    9 Transaction Summary • Transaction consideration of $80 million cash plus 11.8 million shares of Riot common stock for a total value of $651 million (1) • Northern Data to become a 12.3% pro forma shareholder at closing (2) • Transaction expected to result in significant synergy value • EPS accreti

  10. Slide 10: Slide 10

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