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Riot Blockchain Enters Agreement for Acquisition of 1,200 Bitcoin Mining Machines Manufactured by Bitmain

CASTLE ROCK, Colo., Nov. 2, 2017 /PRNewswire/ — Riot Blockchain Inc. (Nasdaq: RIOT) (the “Company”) today announced it has entered into a definitive agreement to acquire cryptocurrency mining equipment consisting of 700 AntMiner S9s and 500 AntMiner L3s, all manufactured by industry leader Bitmain.  Riot has secured a location for the operation of the mining equipment at a competitive electric cost, with infrastructure in place for expansion.   The transaction is anticipated to close on or before November 15, 2017.