Item 7.01 - Regulation FD Disclosure.
On January 18, 2022, Riot Blockchain, Inc. ("Riot," "us," "we," "our," or the
"Company") released an investor presentation, dated as of January 14, 2022 (the
"Investor Presentation"), which includes updates regarding Riot's financial
position, business, and operations. A copy the Investor Presentation is attached
hereto as Exhibit 99.1 and is also available on the "Investors" page of our
website, www.riotblockchain.com/investors, under the "Company Info -
Presentations" tab.
The information furnished pursuant to this Item 7.01 of this Current Report on
Form 8-K (this "Report"), including Exhibit 99.1 attached hereto, shall not be
deemed to be "filed" for the purposes of Section 18 of the Exchange Act of 1934,
as amended (the "Exchange Act"), or otherwise subject to the liabilities of that
section, and shall not be incorporated by reference into any filing under the
Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act,
except as expressly set forth by specific reference in such a filing.
Cautionary Note Regarding Forward-Looking Statements
Statements in this Report, including those made in the Investor Presentation
attached as Exhibit 99.1 to this Report, that are not statements of historical
fact may be forward-looking statements that reflect management's current
expectations, assumptions and estimates of future performance and economic
conditions. Such statements are made in reliance on the safe harbor provisions
of Section 27A of the Securities Act and Section 21E of the Exchange Act. Words
such as "anticipates," "believes," "plans," "expects," "intends," "will,"
"potential," "hope" and similar expressions are intended to identify
forward-looking statements. The assumptions and expectations expressed in these
forward-looking statements are subject to various risks and uncertainties and,
therefore, may never materialize or may prove to be incorrect. Actual results
and the timing of events could differ materially from those anticipated in such
forward-looking statements as a result of various risks and uncertainties. These
forward-looking statements may include, but are not limited to, statements about
the benefits of our acquisitions, including our financial and operating results
following these acquisitions, and Riot's plans, objectives, expectations and
intentions for the future. Among the risks and uncertainties that could cause
actual results to differ from those expressed in forward-looking statements,
include, without limitation, risks related to: our estimates of bitcoin mining
production are not audited; our future hash rate growth (expressed in terms of
hashes per second); our anticipated benefits of immersion-cooling, our expected
schedule of new miner deliveries; our ability to successfully deploy the new
bitcoin mining computers we acquire; the timely completion of our expanded
megawatt capacity under development; the integration of acquired businesses may
not be successful, or such integration may take longer or be more difficult,
time-consuming or costly to accomplish than anticipated; failure to otherwise
realize anticipated efficiencies and strategic and financial benefits from our
acquisitions; and the impact of COVID-19 on us, our customers, or on our
suppliers in connection with our estimated timelines. Detailed information
regarding other factors that may cause actual results to differ materially from
those expressed or implied by statements in this Report, including the documents
incorporated by reference herein, may be found in Riot's filings with the
Securities Exchange Commission (the "SEC"), including under sections entitled
"Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" of
Riot's Annual Report on Form 10-K for the fiscal year ended December 31, 2020,
and the additional risk factors set forth in Riot's Current Report on Form 8-K
filed with the SEC on May 26, 2021, as well as the our other filings with the
SEC, copies of which may be obtained from the SEC's website, www.sec.gov. All
forward-looking statements included in this Report, including those made in the
Investor Presentation attached as Exhibit 99.1 to this Report and in the other
documents we file with the SEC, are made only as of the date of this Report and,
as applicable, the date of the other documents we file with the SEC. Riot
disclaims any intention or obligation to update or revise any forward-looking
statements to reflect events or circumstances that subsequently occur, or of
which Riot hereafter becomes aware, except as required by law. Persons reading
this Report, the Investor Presentation, and the other documents we file with the
SEC are cautioned not to place undue reliance on such forward-looking
statements.
Item 9.01- Financial Statements and Exhibits.
(d) Exhibits.
99.1 Investor Presentation, dated as of January 14, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
S I G N A T U R E
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
RIOT BLOCKCHAIN, INC.
By: /s/ Jeffrey McGonegal
Name: Jeffrey McGonegal
Title: Chief Financial Officer
Date: January 18, 2022
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