Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and hosting, recently reported financial results for the three-month period ended March 31, 2022. “We are extremely proud of the progress that Riot continues to make, having achieved record levels of net income, revenue, hash rate and Bitcoin mined in the first quarter,” said Jason Les, CEO of Riot. “Our vertically integrated business strategy of owning, operating and manufacturing has accelerated our growth while helping insulate us from continuing global supply chain issues. Over the remainder of 2022 and beyond, Riot plans to build upon the solid foundation set to date. We look forward to demonstrating continued operational excellence, execution in increasing our hash rate, and leading our industry in increasing the company’s developed capacity.”
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About Riot Blockchain Inc.
Riot Blockchain focuses on mining Bitcoin, and through Whinstone, its subsidiary, hosting Bitcoin mining equipment for institutional clients. The company is expanding and upgrading its mining operations through industrial-scale infrastructure development and latest-generation miner procurement. Through Riot’s subsidiary ESS Metron, the company engineers and manufacturers electrical equipment solutions for Bitcoin mining and other industries. The company’s headquarters is in Castle Rock, Colorado, the Whinstone facility operates in Rockdale, Texas, and the expansion is in Corsicana, Texas. Riot also has mining equipment operating in upstate New York under a co-location hosting agreement with Coinmint LLC. For more information, visit www.RiotBlockchain.com.
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