Benzinga | Apr 12, 2021 08:46AM EDT

Riot Blockchain Announces March Production And Operations Updates; In Mar. Co. Produced 187 BTC, Up 80% YoY

Riot Blockchain, Inc. (NASDAQ:RIOT) ("Riot", "Riot Blockchain" or the "Company"), one of the leading Nasdaq listed Bitcoin mining companies in the United States, announces an operations update that includes an unaudited Bitcoin ("BTC") production and an unaudited BTC holdings update, through March 2021.

Production and Operations Updates

* In March 2021, Riot produced 187 BTC, an increase of 80% over its pre-halving March 2020 production of 104 BTC.

* In Q1 2021, the Company produced 491 BTC, an increase of 75% over its pre-halving Q1 2020 production of 281 BTC.

* As of March 31, 2021, Riot holds over 1,565 BTC on its balance sheet, all of which was produced by its mining operations.

* On April 6, 2021, the Company bolstered its management team, appointing Megan Brooks as Chief Operating Officer and welcoming Phil McPherson as Vice President, Capital Markets and Ryan Werner as Vice President, Finance.

* On April 8, 2021, Riot announced that it had signed a definitive agreement to acquire Whinstone US, Inc. ("Whinstone"), creating a US-based industry leader in Bitcoin mining.