CASTLE ROCK, Colo.,
Jan. 24, 2018 /PRNewswire/
-- Riot Blockchain, Inc. (Nasdaq: RIOT) (the "Company") today
announced that it successfully placed a winning bid in the U.S.
Marshals Service sealed bid auction of bitcoins. The Company placed
several bids in the auction, including a winning bid for a block of
500 Bitcoins. This represents approximately 13% of the total
Bitcoins in the auction.
"The U.S. Marshals Service should be commended on running a
smooth and transparent auction process," commented John O'Rourke, Chairman and CEO of Riot
Blockchain. "We are pleased to have successfully participated in
the auction while accomplishing our objective of obtaining
Bitcoins."
More information on the auction may be found here:
https://www.usmarshals.gov/assets/2018/bitcoinauction/
The blockchain is a decentralized and encrypted ledger that
offers a secure, efficient, verifiable and permanent way of storing
records and other information without the need for intermediaries.
These protocols are the backbone of numerous digital currencies,
including Bitcoin, Ethereum and Litecoin. Blockchain protocols have
a wide range of use, including processing transactions, accounting,
verification and proof of ownership across a far-reaching spectrum
of applications.
About Riot Blockchain
Riot Blockchain, Inc. is leveraging its expertise and a network
of professional advisors to build and support blockchain
technologies. It is establishing an Advisory Board with technical
experience intending to become a leading authority and supporter of
blockchain, while providing investment exposure to the rapidly
growing Bitcoin and blockchain ecosystems. For more information,
visit http://www.RiotBlockchain.com/.
Investor Notice
Investing in our securities involves a high degree of risk.
Before making an investment decision, you should carefully consider
the risks, uncertainties and forward-looking statements described
under "Risk Factors" in Item 1A of our most recent Form 10-Q for
the period ended September 30, 2017
filed with the Securities and Exchange Commission (the "SEC") on
November 13, 2017 and in Item 1A of
our most recent Annual Report on Form 10-K for the fiscal year
ended December 31, 2016 filed with
the SEC on March 31, 2017, as amended
as of April 27, 2017 and August 15, 2017. If any of these risks were to
occur, our business, financial condition or results of operations
would likely suffer. In that event, the value of our securities
could decline, and you could lose part or all of your investment.
The risks and uncertainties we describe are not the only ones
facing us. Additional risks not presently known to us or that we
currently deem immaterial may also impair our business operations.
In addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. See "Safe Harbor"
below.
Safe Harbor
The information provided in this press release may include
forward-looking statements relating to future events or the future
financial performance of the Company. Because such statements are
subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking
statements. Words such as "anticipates," "plans," "expects,"
"intends," "will," "potential," "hope" and similar expressions are
intended to identify forward-looking statements. These
forward-looking statements are based upon current expectations of
the Company and involve assumptions that 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. Detailed information regarding factors that may
cause actual results to differ materially from the results
expressed or implied by statements in this press release relating
to the Company may be found in the Company's periodic filings with
the Securities and Exchange Commission, including the factors
described in the sections entitled "Risk Factors", copies of which
may be obtained from the SEC's website at www.sec.gov. The parties
do not undertake any obligation to update forward-looking
statements contained in this press release.
Media Contacts
Karen Chase or Travis
Kruse
Russo Partners, LLC
(646) 942-5627
(212) 845-4272
karen.chase@russopartnersllc.com
travis.kruse@russopartnersllc.com
Investor Contact
IR@RiotBlockchain.com
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SOURCE Riot Blockchain, Inc.