Nevada
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001-33675
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84-1553387
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification Number)
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RIOT BLOCKCHAIN, INC.
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Dated: August 20, 2018
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By:
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/s/ John O’Rourke
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Name: John O’Rourke
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Title: Chief Executive Officer
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First quarter within which the Company reached full deployment of its 8,000 ASIC cryptocurrency miners
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Generated approximately $2,768,619 million in revenue on the production of 348 Bitcoins (including BCash as converted) and 318 Litecoins for the quarter
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Gross margin percentage of 47%
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Cash, cash equivalents, digital currencies, and prepaid contracts of $9,128,051
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Total current liabilities of $6,572,187
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No long-term debt
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Net loss of approximately $24.4 million. This net loss was largely attributable to a non-cash $15.4 million impairment charge to the Company’s mining equipment, a non-cash depreciation and amortization charge of $2,870,899, and $6,422,883 million in selling, general, and administrative expense
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13,511,427 weighted average number of common shares outstanding
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Riot has approximately 8,000 deployed Bitmain S9 miners utilizing approximately 11.5MW of energy capacity at its mining facility located in the United States.
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Riot’s fully owned hashing power is around 100 Petahash, which ranks the company among the largest publicly listed miners of Bitcoin
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Riot currently has approximately 735 Bitcoins in inventory
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Riot maintains ownership of approximately 12.9% of goNumerical Ltd (dba “Coinsquare”). Coinsquare is a leading cryptocurrency exchange in Canada
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Riot’s subsidiary Tess, Inc. consummated its merger with Cresval Capital Corp and is expected to be publicly listed on the TSX Venture Exchange in the coming months
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Riot is actively investigating the launch of a cryptocurrency exchange in select states in the U.S.
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The Company announced the beta development of its own private Bitcoin Mining Pool. Mining pools are groups of miners that work as a team and contribute their hashing power to solving computations that secure the blockchain
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The Company regained full compliance with NASDAQ listing requirements in June
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