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Riot Platforms, Inc. Call Transcript 2026

Jun 9, 2026

Call Transcript

Riot Platforms, Inc.

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Welcome to the 2026 annual meeting of the stockholders of Riot Platforms. My name is Benjamin Yi, Executive Chairman of the Board of Directors. At this time, I would like to call the meeting to order. Thank you for joining us today for our virtual annual meeting. After successfully hosting many of our annual meetings virtually, we made the decision to host this year's annual meeting virtually as well. We believe holding our annual meeting virtually provides greater access to those stockholders who may be unable to travel to an in-person meeting. To facilitate this year's virtual annual meeting, we have again engaged Broadridge Financial Solutions. We will conduct today's annual meeting in our usual order, pursuant to the agenda on the landing page of the virtual meeting portal. After introductions, we will begin the formal business of the meeting, and time permitting, we will respond to appropriate stockholder questions at the end. Please submit any questions you may have via the designated field on the web portal. Our team is reviewing your questions as they are submitted, and we will make every effort to respond to all appropriate questions. All members of Riot's Board of Directors are present at this meeting. Joining me today are Lance D'Ambrosio, our Lead Independent Director, Jaime Leverton, Doug Mouton, Michael Turner, and Jason Les, who is our Chief Executive Officer. In addition to Mr. Les, we are also joined by a number of the company's other officers, including Jason Chung, Chief Financial Officer, William Jackman, Chief Legal Officer, Ryan Werner, Senior Vice President and Chief Accounting Officer, and Joshua Kane, Head of Investor Relations. William Jackman will be acting as Secretary of the Meeting and will record the minutes of its proceedings. Also joining us today from the company's independent auditors Deloitte & Touche is Chris Copley. Any stockholder questions for our auditors should be submitted via the question field on the web portal and time permitting, Chris Copley will respond to appropriate questions at the end of the meeting. Finally, Christine Amrhein has been duly sworn in as the Inspector of Election for today's annual meeting. At this time, I would like to briefly turn the meeting over to William Jackman to go over the rules of conduct, notice of the meeting, and confirmation of the stockholders present at this annual meeting. Thank you, Mr. Chairman. Upon entering the meeting in the web portal, you will have in front of you the agenda for the annual meeting, along with the rules of conduct, which includes a disclaimer regarding forward-looking statements which may be made during the meeting. As stated in the rules of conduct, stockholder questions should be submitted via the designated question field on the web portal. To preserve the privacy of the meeting and to promote an open exchange between the company and our stockholders, recording of this meeting by any attendee is not permitted. Further, as a formal reminder, this is a closed meeting open only to stockholders of record. Thank you for your cooperation with these rules. With respect to notice of the meeting, the Board established April 17th, 2026 as the record date for this annual meeting. We have received an affidavit from Broadridge Financial Solutions attesting to the notice of the meeting, which states that beginning on April 30th, 2026, notice of the meeting, together with the related proxy materials and the company's 2025 annual report, was mailed to all stockholders of record. With respect to establishing a quorum for this meeting, Equiniti Trust Company, Riot's transfer agent and registrar, has confirmed that as of the record date, there were 377,814,207 shares of common stock entitled to vote at this meeting. Our bylaws require that at least one-third of all of our issued and outstanding common stock as of the record date be present at a meeting for a quorum to be present. We are informed by the Inspector of Election that more than 271 million shares of common stock represented by stockholders, either directly or by proxy, are present at this meeting. Mr. Chairman, I hereby confirm that we have a quorum. Thank you, William. Accordingly, pursuant to our bylaws, I hereby declare and certify that a quorum is present, and I declare this meeting to be duly convened for purposes of transacting such business as may properly come before it. We will now proceed with the business of the meeting, and I will present the matters to be voted upon. Each of these proposals are discussed in the proxy materials provided to you in advance of the meeting. The first item of business on the agenda is the election of Lance D'Ambrosio and Michael Turner to serve as Class II directors on our Board of Directors for terms expiring at the 2029 annual meeting. As detailed in the proxy materials provided to you, our board has approved amendments to the company's bylaws to include a phased declassification plan beginning at the 2026 annual meeting, so that each director shall be elected for one-year terms beginning at the company's 2029 annual general meeting of stockholders. The second item of business on the meeting agenda is to ratify the appointment of Deloitte & Touche, LLP as the company's independent auditors for 2026. As discussed in the proxy materials, the audit committee selected Deloitte as the company's independent auditors, who are engaged by the board on behalf of the company. While this is a non-binding advisory vote, we believe stockholder input is valuable and will take stockholders' preference into consideration when engaging the company's independent auditors. The third item of business on the meeting agenda is an advisory vote regarding the 2025 compensation of our named executive officers, which is discussed in the proxy materials provided to you. Though this advisory vote is not binding, we believe stockholder input is valuable and will consider our stockholders' views when evaluating our executive compensation practices. The final item of business before the meeting today is a vote to approve the seventh amendment to the company's 2019 Equity Incentive Plan, which increases the number of shares of common stock reserved for issuance under the equity plan by 15 million shares. As discussed in our proxy statement, the Board believes this increase will provide the company the ability to make competitive grants of equity awards to help attract and retain top talent in a highly competitive market. If any stockholder would like to submit a comment or question regarding the proposals, please submit it through the web portal. We will make every effort to respond in the time allotted at the end of the meeting as appropriate. It is now 12:07 P.M. Eastern on June 9, 2026. The polls are now open. Any stockholder who did not vote or who wishes to change their vote may do so by clicking on the voting button on the web portal and following the listed instructions. If you are a stockholder who mailed in your proxy or voted via the telephone or Internet and do not wish to change your vote, no further action is needed. We will now have a brief pause to provide stockholders a moment for any final voting. The line will be quiet but still alive for just a moment. Everyone entitled to vote at this meeting has now been provided the opportunity to do so. All submitted ballots have been collected. Accordingly, I hereby declare the polls for the 2026 Annual Meeting of the Stockholders of Riot Platforms closed at 12:08 P.M. Eastern on June 9, 2026. The Inspector of Election will now tally the votes. The Secretary of the meeting has informed me that the Inspector of Election has counted all the ballots and that voting results are in. The stockholders of Riot Platforms have voted as follows. With respect to Proposal No. 1, Election of Directors, the nominees for election to the Board of Directors have been duly elected by the stockholders. With respect to Proposal No. 2, Ratification of Auditor Appointment, the company's appointment of Deloitte & Touche LP as its independent auditors for the 2026 fiscal year has been ratified by the stockholders. With respect to Proposal No. 3, Say on Pay, the company's 2025 compensation of its named executive officers has been approved by the stockholders. With respect to Proposal No. 4, the Seventh Amendment to the 2019 Equity Plan, the stockholders have approved the Seventh Amendment to the 2019 Equity Plan to increase the number of shares of Riot's common stock, no par value per share, reserved for issuance under the 2019 Equity Plan by 15 million shares. Thank you for attending the 2026 Annual Meeting of the Stockholders of Riot Platforms. We are excited by the high stockholder participation at this year's meeting and hope that this trend continues as we push forward with another exciting year for the company. There are no other items to come before the meeting, this Annual Meeting is now adjourned. We will now take our remaining time to answer any appropriate questions submitted via the web portal led by Joshua Kane, our Head of Investor Relations. No questions have been presented. Thank you, Josh. The allotted time for the annual meeting is now upon us. The Q&A section of the meeting will now come to an end. Thank you again for your attendance at the 2026 annual meeting of Riot Platforms. We appreciate your support and look forward to another successful year. This now concludes the meeting. Thank you for joining, and have a pleasant day.

Speaker 1: Welcome to the 2026 annual meeting of the stockholders of Riot Platforms. My name is Benjamin Yi, Executive Chairman of the Board of Directors. At this time, I would like to call the meeting to order. Thank you for joining us today for our virtual annual meeting. After successfully hosting many of our annual meetings virtually, we made the decision to host this year's annual meeting virtually as well. We believe holding our annual meeting virtually provides greater access to those stockholders who may be unable to travel to an in-person meeting. To facilitate this year's virtual annual meeting, we have again engaged Broadridge Financial Solutions. We will conduct today's annual meeting in our usual order, pursuant to the agenda on the landing page of the virtual meeting portal. Welcome to the 2026 annual meeting of the stockholders of Riot Platforms. welcome to the 2026 annual meeting of the stockholders of riot platforms My name is Benjamin Yi, Executive Chairman of the Board of Directors. my name is benjamin yi executive chairman of the board of directors At this time, I would like to call the meeting to order. at this time i would like to call the meeting to order Thank you for joining us today for our virtual annual meeting. thank you for joining us today for our virtual annual meeting After successfully hosting many of our annual meetings virtually, we made the decision to host this year's annual meeting virtually as well. after successfully hosting many of our annual meetings virtually we made the decision to host this year's annual meeting virtually as well We believe holding our annual meeting virtually provides greater access to those stockholders who may be unable to travel to an in-person meeting. we believe holding our annual meeting virtually provides greater access to those stockholders who may be unable to travel to an in-person meeting To facilitate this year's virtual annual meeting, we have again engaged Broadridge Financial Solutions. to facilitate this year's virtual annual meeting we have again engaged broadridge financial solutions We will conduct today's annual meeting in our usual order, pursuant to the agenda on the landing page of the virtual meeting portal. we will conduct today's annual meeting in our usual order pursuant to the agenda on the landing page of the virtual meeting portal After introductions, we will begin the formal business of the meeting, and time permitting, we will respond to appropriate stockholder questions at the end. Please submit any questions you may have via the designated field on the web portal. Our team is reviewing your questions as they are submitted, and we will make every effort to respond to all appropriate questions. All members of Riot's Board of Directors are present at this meeting. Joining me today are Lance D'Ambrosio, our Lead Independent Director, Jaime Leverton, Doug Mouton, Michael Turner, and Jason Les, who is our Chief Executive Officer. In addition to Mr. Les, we are also joined by a number of the company's other officers, including Jason Chung, Chief Financial Officer, William Jackman, Chief Legal Officer, Ryan Werner, Senior Vice President and Chief Accounting Officer, and Joshua Kane, Head of Investor Relations. After introductions, we will begin the formal business of the meeting, and time permitting, we will respond to appropriate stockholder questions at the end. after introductions we will begin the formal business of the meeting and time permitting we will respond to appropriate stockholder questions at the end Please submit any questions you may have via the designated field on the web portal. please submit any questions you may have via the designated field on the web portal Our team is reviewing your questions as they are submitted, and we will make every effort to respond to all appropriate questions. our team is reviewing your questions as they are submitted and we will make every effort to respond to all appropriate questions All members of Riot's Board of Directors are present at this meeting. all members of riot's board of directors are present at this meeting Joining me today are Lance D'Ambrosio, our Lead Independent Director, Jaime Leverton, Doug Mouton, Michael Turner, and Jason Les, who is our Chief Executive Officer. joining me today are lance d'ambrosio our lead independent director jaime leverton doug mouton michael turner and jason les who is our chief executive officer In addition to Mr. Les, we are also joined by a number of the company's other officers, including Jason Chung, Chief Financial Officer, William Jackman, Chief Legal Officer, Ryan Werner, Senior Vice President and Chief Accounting Officer, and Joshua Kane, Head of Investor Relations. in addition to mr les we are also joined by a number of the company's other officers including jason chung chief financial officer william jackman chief legal officer ryan werner senior vice president and chief accounting officer and joshua kane head of investor relations William Jackman will be acting as Secretary of the Meeting and will record the minutes of its proceedings. Also joining us today from the company's independent auditors Deloitte & Touche is Chris Copley. Any stockholder questions for our auditors should be submitted via the question field on the web portal and time permitting, Chris Copley will respond to appropriate questions at the end of the meeting. Finally, Christine Amrhein has been duly sworn in as the Inspector of Election for today's annual meeting. At this time, I would like to briefly turn the meeting over to William Jackman to go over the rules of conduct, notice of the meeting, and confirmation of the stockholders present at this annual meeting. William Jackman will be acting as Secretary of the Meeting and will record the minutes of its proceedings. william jackman will be acting as secretary of the meeting and will record the minutes of its proceedings Also joining us today from the company's independent auditors Deloitte & Touche is Chris Copley. also joining us today from the company's independent auditors deloitte & touche is chris copley Any stockholder questions for our auditors should be submitted via the question field on the web portal and time permitting, Chris Copley will respond to appropriate questions at the end of the meeting. any stockholder questions for our auditors should be submitted via the question field on the web portal and time permitting chris copley will respond to appropriate questions at the end of the meeting Finally, Christine Amrhein has been duly sworn in as the Inspector of Election for today's annual meeting. finally christine amrhein has been duly sworn in as the inspector of election for today's annual meeting At this time, I would like to briefly turn the meeting over to William Jackman to go over the rules of conduct, notice of the meeting, and confirmation of the stockholders present at this annual meeting. at this time i would like to briefly turn the meeting over to william jackman to go over the rules of conduct notice of the meeting and confirmation of the stockholders present at this annual meeting

Speaker 3: Thank you, Mr. Chairman. Upon entering the meeting in the web portal, you will have in front of you the agenda for the annual meeting, along with the rules of conduct, which includes a disclaimer regarding forward-looking statements which may be made during the meeting. As stated in the rules of conduct, stockholder questions should be submitted via the designated question field on the web portal. To preserve the privacy of the meeting and to promote an open exchange between the company and our stockholders, recording of this meeting by any attendee is not permitted. Further, as a formal reminder, this is a closed meeting open only to stockholders of record. Thank you for your cooperation with these rules. With respect to notice of the meeting, the Board established April 17th, 2026 as the record date for this annual meeting. Thank you, Mr. Chairman. thank you mr chairman Upon entering the meeting in the web portal, you will have in front of you the agenda for the annual meeting, along with the rules of conduct, which includes a disclaimer regarding forward-looking statements which may be made during the meeting. upon entering the meeting in the web portal you will have in front of you the agenda for the annual meeting along with the rules of conduct which includes a disclaimer regarding forward-looking statements which may be made during the meeting As stated in the rules of conduct, stockholder questions should be submitted via the designated question field on the web portal. as stated in the rules of conduct stockholder questions should be submitted via the designated question field on the web portal To preserve the privacy of the meeting and to promote an open exchange between the company and our stockholders, recording of this meeting by any attendee is not permitted. to preserve the privacy of the meeting and to promote an open exchange between the company and our stockholders recording of this meeting by any attendee is not permitted Further, as a formal reminder, this is a closed meeting open only to stockholders of record. further as a formal reminder this is a closed meeting open only to stockholders of record Thank you for your cooperation with these rules. thank you for your cooperation with these rules With respect to notice of the meeting, the Board established April 17th, 2026 as the record date for this annual meeting. with respect to notice of the meeting the board established april 17th 2026 as the record date for this annual meeting We have received an affidavit from Broadridge Financial Solutions attesting to the notice of the meeting, which states that beginning on April 30th, 2026, notice of the meeting, together with the related proxy materials and the company's 2025 annual report, was mailed to all stockholders of record. With respect to establishing a quorum for this meeting, Equiniti Trust Company, Riot's transfer agent and registrar, has confirmed that as of the record date, there were 377,814,207 shares of common stock entitled to vote at this meeting. Our bylaws require that at least one-third of all of our issued and outstanding common stock as of the record date be present at a meeting for a quorum to be present. We have received an affidavit from Broadridge Financial Solutions attesting to the notice of the meeting, which states that beginning on April 30th, 2026, notice of the meeting, together with the related proxy materials and the company's 2025 annual report, was mailed to all stockholders of record. we have received an affidavit from broadridge financial solutions attesting to the notice of the meeting which states that beginning on april 30th 2026 notice of the meeting together with the related proxy materials and the company's 2025 annual report was mailed to all stockholders of record With respect to establishing a quorum for this meeting, Equiniti Trust Company, Riot's transfer agent and registrar, has confirmed that as of the record date, there were 377,814,207 shares of common stock entitled to vote at this meeting. with respect to establishing a quorum for this meeting equiniti trust company riot's transfer agent and registrar has confirmed that as of the record date there were 377,814,207 shares of common stock entitled to vote at this meeting Our bylaws require that at least one-third of all of our issued and outstanding common stock as of the record date be present at a meeting for a quorum to be present. our bylaws require that at least one-third of all of our issued and outstanding common stock as of the record date be present at a meeting for a quorum to be present We are informed by the Inspector of Election that more than 271 million shares of common stock represented by stockholders, either directly or by proxy, are present at this meeting. Mr. Chairman, I hereby confirm that we have a quorum. We are informed by the Inspector of Election that more than 271 million shares of common stock represented by stockholders, either directly or by proxy, are present at this meeting. we are informed by the inspector of election that more than 271 million shares of common stock represented by stockholders either directly or by proxy are present at this meeting Mr. Chairman, I hereby confirm that we have a quorum. mr chairman i hereby confirm that we have a quorum

Speaker 1: Thank you, William. Accordingly, pursuant to our bylaws, I hereby declare and certify that a quorum is present, and I declare this meeting to be duly convened for purposes of transacting such business as may properly come before it. We will now proceed with the business of the meeting, and I will present the matters to be voted upon. Each of these proposals are discussed in the proxy materials provided to you in advance of the meeting. The first item of business on the agenda is the election of Lance D'Ambrosio and Michael Turner to serve as Class II directors on our Board of Directors for terms expiring at the 2029 annual meeting. Thank you, William. thank you william Accordingly, pursuant to our bylaws, I hereby declare and certify that a quorum is present, and I declare this meeting to be duly convened for purposes of transacting such business as may properly come before it. accordingly pursuant to our bylaws i hereby declare and certify that a quorum is present and i declare this meeting to be duly convened for purposes of transacting such business as may properly come before it We will now proceed with the business of the meeting, and I will present the matters to be voted upon. we will now proceed with the business of the meeting and i will present the matters to be voted upon Each of these proposals are discussed in the proxy materials provided to you in advance of the meeting. each of these proposals are discussed in the proxy materials provided to you in advance of the meeting The first item of business on the agenda is the election of Lance D'Ambrosio and Michael Turner to serve as Class II directors on our Board of Directors for terms expiring at the 2029 annual meeting. the first item of business on the agenda is the election of lance d'ambrosio and michael turner to serve as class ii directors on our board of directors for terms expiring at the 2029 annual meeting As detailed in the proxy materials provided to you, our board has approved amendments to the company's bylaws to include a phased declassification plan beginning at the 2026 annual meeting, so that each director shall be elected for one-year terms beginning at the company's 2029 annual general meeting of stockholders. The second item of business on the meeting agenda is to ratify the appointment of Deloitte & Touche, LLP as the company's independent auditors for 2026. As discussed in the proxy materials, the audit committee selected Deloitte as the company's independent auditors, who are engaged by the board on behalf of the company. While this is a non-binding advisory vote, we believe stockholder input is valuable and will take stockholders' preference into consideration when engaging the company's independent auditors. As detailed in the proxy materials provided to you, our board has approved amendments to the company's bylaws to include a phased declassification plan beginning at the 2026 annual meeting, so that each director shall be elected for one-year terms beginning at the company's 2029 annual general meeting of stockholders. as detailed in the proxy materials provided to you our board has approved amendments to the company's bylaws to include a phased declassification plan beginning at the 2026 annual meeting so that each director shall be elected for one-year terms beginning at the company's 2029 annual general meeting of stockholders The second item of business on the meeting agenda is to ratify the appointment of Deloitte & Touche, LLP as the company's independent auditors for 2026. the second item of business on the meeting agenda is to ratify the appointment of deloitte & touche llp as the company's independent auditors for 2026 As discussed in the proxy materials, the audit committee selected Deloitte as the company's independent auditors, who are engaged by the board on behalf of the company. as discussed in the proxy materials the audit committee selected deloitte as the company's independent auditors who are engaged by the board on behalf of the company While this is a non-binding advisory vote, we believe stockholder input is valuable and will take stockholders' preference into consideration when engaging the company's independent auditors. while this is a non-binding advisory vote we believe stockholder input is valuable and will take stockholders' preference into consideration when engaging the company's independent auditors The third item of business on the meeting agenda is an advisory vote regarding the 2025 compensation of our named executive officers, which is discussed in the proxy materials provided to you. Though this advisory vote is not binding, we believe stockholder input is valuable and will consider our stockholders' views when evaluating our executive compensation practices. The final item of business before the meeting today is a vote to approve the seventh amendment to the company's 2019 Equity Incentive Plan, which increases the number of shares of common stock reserved for issuance under the equity plan by 15 million shares. As discussed in our proxy statement, the Board believes this increase will provide the company the ability to make competitive grants of equity awards to help attract and retain top talent in a highly competitive market. The third item of business on the meeting agenda is an advisory vote regarding the 2025 compensation of our named executive officers, which is discussed in the proxy materials provided to you. Though this advisory vote is not binding, we believe stockholder input is valuable and will consider our stockholders' views when evaluating our executive compensation practices. the third item of business on the meeting agenda is an advisory vote regarding the 2025 compensation of our named executive officers which is discussed in the proxy materials provided to you. though this advisory vote is not binding we believe stockholder input is valuable and will consider our stockholders' views when evaluating our executive compensation practices The final item of business before the meeting today is a vote to approve the seventh amendment to the company's 2019 Equity Incentive Plan, which increases the number of shares of common stock reserved for issuance under the equity plan by 15 million shares. the final item of business before the meeting today is a vote to approve the seventh amendment to the company's 2019 equity incentive plan which increases the number of shares of common stock reserved for issuance under the equity plan by 15 million shares As discussed in our proxy statement, the Board believes this increase will provide the company the ability to make competitive grants of equity awards to help attract and retain top talent in a highly competitive market. as discussed in our proxy statement the board believes this increase will provide the company the ability to make competitive grants of equity awards to help attract and retain top talent in a highly competitive market If any stockholder would like to submit a comment or question regarding the proposals, please submit it through the web portal. We will make every effort to respond in the time allotted at the end of the meeting as appropriate. It is now 12:07 P.M. Eastern on June 9, 2026. The polls are now open. Any stockholder who did not vote or who wishes to change their vote may do so by clicking on the voting button on the web portal and following the listed instructions. If you are a stockholder who mailed in your proxy or voted via the telephone or Internet and do not wish to change your vote, no further action is needed. We will now have a brief pause to provide stockholders a moment for any final voting. The line will be quiet but still alive for just a moment. If any stockholder would like to submit a comment or question regarding the proposals, please submit it through the web portal. if any stockholder would like to submit a comment or question regarding the proposals please submit it through the web portal We will make every effort to respond in the time allotted at the end of the meeting as appropriate. we will make every effort to respond in the time allotted at the end of the meeting as appropriate It is now 12:07 P.M. it is now 12:07 p.m Eastern on June 9, 2026. eastern on june 9 2026 The polls are now open. the polls are now open Any stockholder who did not vote or who wishes to change their vote may do so by clicking on the voting button on the web portal and following the listed instructions. any stockholder who did not vote or who wishes to change their vote may do so by clicking on the voting button on the web portal and following the listed instructions If you are a stockholder who mailed in your proxy or voted via the telephone or Internet and do not wish to change your vote, no further action is needed. if you are a stockholder who mailed in your proxy or voted via the telephone or internet and do not wish to change your vote no further action is needed We will now have a brief pause to provide stockholders a moment for any final voting. we will now have a brief pause to provide stockholders a moment for any final voting The line will be quiet but still alive for just a moment. the line will be quiet but still alive for just a moment Everyone entitled to vote at this meeting has now been provided the opportunity to do so. All submitted ballots have been collected. Accordingly, I hereby declare the polls for the 2026 Annual Meeting of the Stockholders of Riot Platforms closed at 12:08 P.M. Eastern on June 9, 2026. The Inspector of Election will now tally the votes. The Secretary of the meeting has informed me that the Inspector of Election has counted all the ballots and that voting results are in. The stockholders of Riot Platforms have voted as follows. With respect to Proposal No. 1, Election of Directors, the nominees for election to the Board of Directors have been duly elected by the stockholders. With respect to Proposal No. 2, Ratification of Auditor Appointment, the company's appointment of Deloitte & Touche LP as its independent auditors for the 2026 fiscal year has been ratified by the stockholders. Everyone entitled to vote at this meeting has now been provided the opportunity to do so. everyone entitled to vote at this meeting has now been provided the opportunity to do so All submitted ballots have been collected. all submitted ballots have been collected Accordingly, I hereby declare the polls for the 2026 Annual Meeting of the Stockholders of Riot Platforms closed at 12:08 P.M. accordingly i hereby declare the polls for the 2026 annual meeting of the stockholders of riot platforms closed at 12:08 p.m Eastern on June 9, 2026. eastern on june 9 2026 The Inspector of Election will now tally the votes. the inspector of election will now tally the votes The Secretary of the meeting has informed me that the Inspector of Election has counted all the ballots and that voting results are in. the secretary of the meeting has informed me that the inspector of election has counted all the ballots and that voting results are in The stockholders of Riot Platforms have voted as follows. the stockholders of riot platforms have voted as follows With respect to Proposal No. 1 , Election of Directors, the nominees for election to the Board of Directors have been duly elected by the stockholders. with respect to proposal no. 1 election of directors the nominees for election to the board of directors have been duly elected by the stockholders With respect to Proposal No. 2 , Ratification of Auditor Appointment, the company's appointment of Deloitte & Touche LP as its independent auditors for the 2026 fiscal year has been ratified by the stockholders. with respect to proposal no. 2 ratification of auditor appointment the company's appointment of deloitte & touche lp as its independent auditors for the 2026 fiscal year has been ratified by the stockholders With respect to Proposal No. 3, Say on Pay, the company's 2025 compensation of its named executive officers has been approved by the stockholders. With respect to Proposal No. 4, the Seventh Amendment to the 2019 Equity Plan, the stockholders have approved the Seventh Amendment to the 2019 Equity Plan to increase the number of shares of Riot's common stock, no par value per share, reserved for issuance under the 2019 Equity Plan by 15 million shares. Thank you for attending the 2026 Annual Meeting of the Stockholders of Riot Platforms. We are excited by the high stockholder participation at this year's meeting and hope that this trend continues as we push forward with another exciting year for the company. There are no other items to come before the meeting, this Annual Meeting is now adjourned. With respect to Proposal No. 3 , Say on Pay, the company's 2025 compensation of its named executive officers has been approved by the stockholders. with respect to proposal no. 3 say on pay the company's 2025 compensation of its named executive officers has been approved by the stockholders With respect to Proposal No. 4 , the Seventh Amendment to the 2019 Equity Plan, the stockholders have approved the Seventh Amendment to the 2019 Equity Plan to increase the number of shares of Riot's common stock, no par value per share, reserved for issuance under the 2019 Equity Plan by 15 million shares. with respect to proposal no. 4 the seventh amendment to the 2019 equity plan the stockholders have approved the seventh amendment to the 2019 equity plan to increase the number of shares of riot's common stock no par value per share reserved for issuance under the 2019 equity plan by 15 million shares Thank you for attending the 2026 Annual Meeting of the Stockholders of Riot Platforms. thank you for attending the 2026 annual meeting of the stockholders of riot platforms We are excited by the high stockholder participation at this year's meeting and hope that this trend continues as we push forward with another exciting year for the company. we are excited by the high stockholder participation at this year's meeting and hope that this trend continues as we push forward with another exciting year for the company There are no other items to come before the meeting, this Annual Meeting is now adjourned. there are no other items to come before the meeting this annual meeting is now adjourned We will now take our remaining time to answer any appropriate questions submitted via the web portal led by Joshua Kane, our Head of Investor Relations. No questions have been presented. Thank you, Josh. The allotted time for the annual meeting is now upon us. The Q&A section of the meeting will now come to an end. Thank you again for your attendance at the 2026 annual meeting of Riot Platforms. We appreciate your support and look forward to another successful year. We will now take our remaining time to answer any appropriate questions submitted via the web portal led by Joshua Kane, our Head of Investor Relations. we will now take our remaining time to answer any appropriate questions submitted via the web portal led by joshua kane our head of investor relations No questions have been presented. no questions have been presented Thank you, Josh. thank you josh The allotted time for the annual meeting is now upon us. the allotted time for the annual meeting is now upon us The Q&A section of the meeting will now come to an end. the q&a section of the meeting will now come to an end Thank you again for your attendance at the 2026 annual meeting of Riot Platforms. thank you again for your attendance at the 2026 annual meeting of riot platforms We appreciate your support and look forward to another successful year. we appreciate your support and look forward to another successful year

Speaker 2: This now concludes the meeting. Thank you for joining, and have a pleasant day. This now concludes the meeting. this now concludes the meeting Thank you for joining, and have a pleasant day. thank you for joining and have a pleasant day