Riot Announces July 2023 Production and Operations Updates - Seite 2

“I’m also excited to announce that the replacement dry coolers for repairing Building G have begun shipping, with units beginning to arrive in August. The replacement dry coolers are the final piece to the repairs in Building G and as they are received and installed, miners will begin ramping back up. Hash rate is expected to begin coming back online in the beginning of September until it reaches full capacity of 2.4 EH/s over the coming months.”

Estimated Hash Rate Growth

As previously disclosed, Riot is in the process of repairing damage incurred in Building G during the severe winter storm in Texas in December 2022, and Riot now anticipates achieving a total self-mining hash rate capacity of 12.5 EH/s at its Rockdale Facility in the second half of 2023.

The Company has also entered into a long-term purchase agreement with MicroBT, which includes an initial order of 7.6 EH/s of next-generation Bitcoin miners for its Corsicana Facility. Upon full deployment of this initial order by mid-2024, Riot’s total self-mining hash rate capacity is expected to reach 20.1 EH/s.

Riot’s Power Strategy Helps to Stabilize Texas Energy Grid During July Heat Wave

In July 2023, Texas experienced extreme heat, causing demand for electricity to spike, in some cases extremely close to available supply. On certain dates of peak demand, Riot curtailed more than 90% of its power usage, temporarily forgoing revenue from its Bitcoin mining operations and instead providing energy resources to ERCOT. During these times, the Company’s curtailment of operations meaningfully contributed to reducing overall power demand to help ensure that consumers did not experience interruptions in service.

Investor Events

Riot will report second quarter 2023 financial results on Wednesday, August 9^th after the market close.

Human Resources Update

Riot is currently recruiting for positions across the Company. Join our team in building, expanding, and securing the Bitcoin network.

Open positions are available at: https://www.riotplatforms.com/careers.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform.

Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.