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May 17 , 2021 RIOT Riot Blockchain Reports Record First Quarter 2021 Financial Results , Current Operational and Financial Highlights Castle Rock , CO , May 17 , 2021 ( GLOBE NEWSWIRE ) -- Riot Blockchain , Inc. ( NASDAQ : RIOT ) ( " Riot " or the " Company " ) , one of the leading Nasdaq - listed public Bitcoin ( " BTC " ) mining companies in the United States , reported financial results as of and for the three months ended March 31 , 2021. The unaudited financial statements are available on Riot's website and here . • Increased mining revenue by 881.1 % to $ 23.2 million for the three - month period ended March 31 , 2021 , as compared to $ 2.4 million for the same three - month period in 2020 . • Increased mining revenue margin to 67.5 % for the three - month period ended March 31 , 2021 , as compared to 40.4 % for the same three - month period in 2020 . • Produced record net income of $ 7.5 million , or $ 0.09 per share for the three - month period ended March 31 , 2021 , as compared to a $ ( 4.3 ) million net loss , or $ ( 0.15 ) per share , for the same three - month period in 2020 . • Achieved a record net income margin of 32.5 % for the three - month period ended March 31 , 2021 . • Increased total cash and Bitcoin to $ 275.6 million , as compared to $ 235.0 million as of December 31 , 2020 . " We are extremely pleased with Riot's record quarterly financial results , which builds upon a transformative 2020 , " said Jason Les , Riot's CEO . " The Company's improved financial results are a direct result of Riot's absolute focus on Bitcoin mining and growing its mining operations . With the signing of the definitive agreement to acquire Whinstone US , the Company's financial and operational prospects are very exciting . We plan to amplify our focus on initiatives that will drive continued growth for the Company , increasing the US based share of the Bitcoin mining landscape . " First Quarter 2021 and Recent Financial Highlights Riot continues to attain significant milestones , driven by its focus on Bitcoin mining . • Reported a Company record $ 7.5 million in net income for the three - month period ended March 31 , 2021 , as compared to a $ ( 4.3 ) million net loss for the same three month period in 2020 . • Increased mining revenues by 881.1 % , to $ 23.2 million for the three - month period ended March 31 , 2021 , as compared to $ 2.4 million for the same three - month period in 2020 . • Increased mining revenue margin , excluding depreciation and amortization , to 67.5 % for the three - month period ended March 31 , 2021 , as compared to 40.4 % for the same