<SEC-DOCUMENT>0001079973-20-000342.txt : 20200505
<SEC-HEADER>0001079973-20-000342.hdr.sgml : 20200505
<ACCEPTANCE-DATETIME>20200505165412
ACCESSION NUMBER:		0001079973-20-000342
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20200504
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200505
DATE AS OF CHANGE:		20200505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Riot Blockchain, Inc.
		CENTRAL INDEX KEY:			0001167419
		STANDARD INDUSTRIAL CLASSIFICATION:	IN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES [2835]
		IRS NUMBER:				841553387
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33675
		FILM NUMBER:		20849729

	BUSINESS ADDRESS:	
		STREET 1:		202 6TH STREET, SUITE 401
		CITY:			CASTLE ROCK
		STATE:			CO
		ZIP:			80104
		BUSINESS PHONE:		303-794-2000

	MAIL ADDRESS:	
		STREET 1:		202 6TH STREET, SUITE 401
		CITY:			CASTLE ROCK
		STATE:			CO
		ZIP:			80104

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Bioptix, Inc.
		DATE OF NAME CHANGE:	20161201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Venaxis, Inc.
		DATE OF NAME CHANGE:	20121218

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AspenBio Pharma, Inc.
		DATE OF NAME CHANGE:	20051110
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>riot_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt"><B>Washington,
D.C.&nbsp; 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt"><B>CURRENT
REPORT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt; text-transform: uppercase"><B>Pursuant
to Section 13 or 15(d) of</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt; text-transform: uppercase"><B>The
Securities Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt">Date
of Report (Date of earliest event reported): May 5, 2020 (April 29, 2020)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt"><B><U>Riot
Blockchain, Inc.</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt">(Exact
name of registrant as specified in its charter)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR>
    <TD STYLE="vertical-align: bottom; width: 28%; text-align: center"><FONT STYLE="font-size: 11pt"><B>Nevada</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 5%; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; width: 34%; text-align: center"><FONT STYLE="font-size: 11pt"><B>001-33675</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 5%; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 28%; text-align: center"><FONT STYLE="font-size: 11pt"><B>84-1553387</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">(State or
    other jurisdiction of incorporation)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">(Commission
    File Number)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt">(I.R.S. Employer
    Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 46%; text-align: center"><FONT STYLE="font-size: 11pt"><B>202 6th Street, Suite 401,</B></FONT></TD>
    <TD STYLE="width: 27%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; text-indent: 13.5pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt"><B>Castle Rock, CO&nbsp;&nbsp;80104</B></FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">(Address of principal executive offices)&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%; text-align: center; text-indent: 13.5pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 46%; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 11pt"><B>(293) 794-2000</B></FONT></TD>
    <TD STYLE="width: 27%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">(Registrant&rsquo;s telephone number, including area code)</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt">(Former
name, former address, and former fiscal year, if changed since last report.)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-size: 11pt">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 11pt">&#9744;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 229.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 11pt">&#9744;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 11pt">&#9744;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 11pt">&#9744;</FONT><FONT STYLE="font-size: 11pt">&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 34%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt"><B>Title
    of each class</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 32%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt"><B>Trading
    Symbol(s)</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 1%; padding-bottom: 1pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 32%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 11pt"><B>Name
    of each exchange on which registered</B></FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">Common Stock</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">RIOT</FONT></TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">NASDAQ Capital Market</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;229.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt">Emerging growth company&nbsp;<FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;<FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"><B>Item
1.01 - Entry Into a Material Definitive Agreement. </B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">On
April 29, 2020, Riot Blockchain, Inc. (&ldquo;<B>Riot</B>&rdquo; or the &ldquo;<B>Corporation</B>&rdquo;) entered into a Sale
and Purchase Agreement (the &ldquo;<B>Agreement</B>&rdquo;) with Bitmaintech PTE. LTD. (&ldquo;<B>Bitmain</B>&rdquo;), pursuant
to which the Corporation agreed to purchase one thousand (1,000) next generation model Antminer S19 Pro digital currency miners
(the &ldquo;<B>Miners</B>&rdquo;), for an aggregate purchase price of approximately US $2,437,000, subject to adjustment and additional
costs as set forth in the Agreement. Pursuant to the Agreement, shipment of the Miners is expected to be completed by late June
2020.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">The
foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement,
a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"><B>Item
2.01 - Completion of Acquisition or Disposition of Assets.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">The
information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.01 of this
Current Report on Form 8-K.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><B>Item 2.02 &ndash;
Results of Operations and Financial Condition.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white">On May 2, 2020,
the Corporation issued a press release announcing its April 2020 production update and related matters. A copy of the Corporation&rsquo;s
press release announcing the purchase is attached hereto as Exhibit 99.1.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white">The information
provided under this Item 2.02, including the exhibit, is being furnished by the Corporation and shall not be deemed &ldquo;filed&rdquo;
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference in any
filing under the Securities Act of 1933, as amended, except as expressly set forth in any such filing.</P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"><B>Item
8.01 - Other Events.</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">On
April 29, 2020, the Corporation issued a press release announcing the purchase of 1,000 model Antminer S19 Pro digital currency
miners from Bitmain, as disclosed under Item 1.01 of this Current Report on Form 8-K. A copy of the Corporation&rsquo;s press
release announcing the purchase is attached hereto as Exhibit 99.2.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; text-align: justify; margin-right: 0; margin-left: 0; background-color: white"><FONT STYLE="font-size: 11pt"><B>About
Riot Blockchain</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">Information
reported in this Current Report on Form 8-K is limited to the scope of the information reportable under a Current Report on Form
8-K under the rules and regulations of the Commission. Please refer to the additional information concerning the Corporation referenced
in the following notices and safe harbor provision for material risks and other uncertainties.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"><B>Investor
Notice</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">An
investment in the Corporation&rsquo;s common stock involves a high degree of risk, and an investor should only purchase the Corporation&rsquo;s
securities if he or she can afford to suffer the loss of his or her entire investment. In determining whether to purchase the
Corporation&rsquo;s common stock, an investor should carefully consider all of the material risks described in this Current Report
on Form 8-K below, together with the factors described under Item 1A under the heading &ldquo;Risk Factors&rdquo; in our most
recent Annual Report on Form 10-K for the year ended December 31, 2019, filed with the Securities and Exchange Commission (the
&ldquo;SEC&rdquo;) on March 25, 2020, as supplemented and updated by subsequent Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K, together with the financial or other information contained or incorporated by reference in such reports. In addition
to the risks discussed below, other risks not presently known to us or that we currently believe to be immaterial may also adversely
affect our business, financial condition and results of operations, perhaps materially. The risks discussed below also include
forward-looking statements, and actual results and events may differ substantially from those discussed or highlighted in those
forward-looking statements. See also the Section entitled &ldquo;Forward-Looking Statements&rdquo; herein.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; background-color: white">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt"><B>Item 9.01.</B></FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt">(d) Exhibits.</FONT></P></TD>
    <TD STYLE="width: 85%"><FONT STYLE="font-size: 11pt"><B>Financial Statements and Exhibits.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0.5in; padding-bottom: 6pt"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt"><B>Exhibit </B></FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt"><B>Number</B></FONT></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt"><FONT STYLE="font-size: 11pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 11pt">10.1&dagger;</FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 11pt"><A HREF="ex10x1.htm">Sale and Purchase Agreement by and between
    Bitmaintech PTE, LTD. and Riot Blockchain, Inc. dated as of April 29, 2020.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 11pt">99.1*</FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 11pt">
  <A HREF="ex99_1.htm">Press Release, issued by Riot Blockchain, Inc. on May 5, 2020 (furnished pursuant to Item 2.02 of this Current Report on Form 8-K).</A>
    </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 11pt">99.2*</FONT></TD>
    <TD STYLE="padding-top: 12pt"><FONT STYLE="font-size: 11pt"><A HREF="ex99_2.htm">Press Release, issued by Riot Blockchain, Inc. on April 29, 2020 (furnished pursuant to Item 8.01 of this Current Report on Form 8-K).</A></FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&dagger;
Portions of this exhibit have been omitted as confidential information.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">*
The information contained in this Press Release is furnished but not filed for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><FONT STYLE="font-size: 11pt"><B>S
I G N A T U R E</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 3pt; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 11pt">Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 3pt; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 12pt Times New Roman, Times, Serif; width: 60%; background-color: white">
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">RIOT BLOCKCHAIN, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 79%"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">By:</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid; text-align: justify"><FONT STYLE="font-size: 11pt"><I>/s/ Jeffrey McGonegal</I></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 11pt">Jeffrey McGonegal</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">Chief Executive Officer</FONT></TD></TR>
</TABLE><BR STYLE="clear: both">
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 11pt"><BR STYLE="clear: both"></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">Date:
May 5, 2020</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 3pt 0; background-color: white"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></P>



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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10x1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0">Exhibit 10.1</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">[****] Certain information in this exhibit
has been omitted because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publicly
disclosed.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/200% Times New Roman, Times, Serif; margin: 4.3pt 82.25pt 0 79.3pt; text-align: center"><B>SALES AND PURCHASE
AGREEMENT </B></P>

<P STYLE="font: 12pt/200% Times New Roman, Times, Serif; margin: 4.3pt 82.25pt 0 79.3pt; text-align: center"><B>BETWEEN</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 82.1pt 0 79.3pt; text-align: center"><B>BITMAINTECH PTE. LTD.</B></P>

<P STYLE="font: 12pt/200% Times New Roman, Times, Serif; margin: 0.05pt 186.55pt 0 183.75pt; text-align: center"><B>(&ldquo;Bitmain&rdquo;)
AND</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>Riot Blockchain, Inc (&ldquo;Purchaser&rdquo;)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="width: 90%; text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">1.&nbsp;&nbsp;&nbsp;Definitions and Interpretations</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">3</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">2.&nbsp;&nbsp;&nbsp;Sales of Product(s)</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">5</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">3.&nbsp;&nbsp;&nbsp;Prices and Terms of Payment</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">6</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">4.&nbsp;&nbsp;&nbsp;Shipping of Product(s)</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">6</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">5.&nbsp;&nbsp;&nbsp;Customs</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">6.&nbsp;&nbsp;&nbsp;Warranty</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">8</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">7&nbsp;&nbsp;&nbsp;Representations and Warranties</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">10</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">8&nbsp;&nbsp;&nbsp;Indemnification and Limitation of Liability</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">11</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">9&nbsp;&nbsp;&nbsp;Distribution</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">12</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">10&nbsp;&nbsp;&nbsp;Intellectual Property Rights</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">12</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">11&nbsp;&nbsp;&nbsp;Confidential Informaiton and Disclosure</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">13</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">12&nbsp;&nbsp;&nbsp;Term and Termination of this Agreement</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">13</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">13&nbsp;&nbsp;&nbsp;Contact Information</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">14</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">14&nbsp;&nbsp;&nbsp;Compliance with Laws and Regulations</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">14</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">15&nbsp;&nbsp;&nbsp;Force Majeure</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">16</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">16&nbsp;&nbsp;&nbsp;Entire Agreement and Amendment</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">16</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">17&nbsp;&nbsp;&nbsp;Assignment</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">16</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">18&nbsp;&nbsp;&nbsp;Severability</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">16</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">19&nbsp;&nbsp;&nbsp;Personal Data</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">16</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">20&nbsp;&nbsp;&nbsp;Conflict with the Terms and Conditions</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">17</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">21&nbsp;&nbsp;&nbsp;Governing Law and Dispute Resolution</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">17</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">22&nbsp;&nbsp;&nbsp;Waiver</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">17</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left; text-indent: -32.2pt; padding-top: 7.7pt; padding-bottom: 0pt; padding-left: 37.45pt">23&nbsp;&nbsp;&nbsp;Counterparts and Electronic Signatures</TD>
    <TD STYLE="text-align: right; padding-top: 7.7pt; padding-bottom: 0pt">18</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>&nbsp;</B></P><P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 156.35pt 0 153.5pt; text-align: center"><B>&nbsp;</B></P>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 3.7pt 8.55pt 0 5.9pt; text-align: justify">This agreement (this &ldquo;Agreement&rdquo;)
is made on <U>28 April 2020</U> by and between Bitmaintech Pte. Ltd. (&ldquo;Bitmain&rdquo;) (UEN: 201610324R), with its principal
place of business at 8 Kallang <FONT STYLE="letter-spacing: -0.15pt">Avenue,</FONT> Aperia <FONT STYLE="letter-spacing: -0.2pt">Tower</FONT>
1, #09-03/04, Singapore, 339509, and Riot Blockchain, Inc (the &ldquo;Purchaser&rdquo;) with its principal place of business at
202 6<SUP>th</SUP> Street, Suite 401, Castle Rock, CO 80104, USA.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/115% Times New Roman, Times, Serif; margin: 0 8.6pt 0 5.9pt">Bitmain and the Purchaser shall hereinafter collectively
be referred to as the &ldquo;Parties&rdquo;, and individually as a &ldquo;Party&rdquo;.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.65pt">Whereas:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.65pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.7pt">1.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.25pt"><FONT STYLE="font-size: 12pt">Purchaser fully understands the market risks,
the price-setting principles and the market fluctuations relating to the Products sold under this Agreement.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/13.65pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.6pt"></TD><TD STYLE="width: 21.05pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.7pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Purchaser has purchased Products through the website of Bitmain
                                                                                                                             (i.e., https://shop.bitmain.com/,
similarly hereinafter), and is generally familiar with the purchase order processes of Bitmain&rsquo;s website.</FONT></TD></TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.65pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.7pt">3.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.2pt"><FONT STYLE="font-size: 12pt">Based on the above consensus, the Purchaser
is willing to purchase and Bitmain is willing to supply cryptocurrency mining hardware and other equipment in accordance with the
terms and conditions of this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.65pt">The Parties hereto agree as follows:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="letter-spacing: -0.3pt">1.</FONT></TD><TD STYLE="text-align: justify">Definitions and Interpretations</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 0 0 5.9pt">The following terms, as used herein, have the following
meanings:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 8.4pt 0 5.9pt; text-align: justify">&ldquo;Affiliate&rdquo; means,
with respect to any Person, any other Person directly or indirectly Controlling, Controlled <FONT STYLE="letter-spacing: -0.3pt">by,
</FONT>or under common Control with such Person; &ldquo;Person&rdquo; means any individual, corporation, partnership, limited partnership,
proprietorship, association, limited liability <FONT STYLE="letter-spacing: -0.15pt">company, </FONT>firm, trust, estate or other
enterprise or entity; and &ldquo;Control&rdquo; means the power or <FONT STYLE="letter-spacing: -0.15pt">authority, </FONT>whether
exercised or not, to direct the business, management and policies of such Person, directly or indirectly, whether through the ownership
of voting securities, by Contract or otherwise, provided that such power or authority shall conclusively be presumed to exist upon
possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast
at a meeting of the members or shareholders of such Person or power to control the composition of a majority of the board of directors
of such Person. The terms &ldquo;Controlled&rdquo; and &ldquo;Controlling&rdquo; have meanings correlative to the foregoing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 8.5pt 0 5.9pt; text-align: justify">&ldquo;Applicable Law&rdquo;
means any treaty, law, decree, order, regulation, decision, statute, ordinance, rule, directive, code or other document that has
legal force under any system of law, including, without limitation, local law, law of any other state or part thereof or international
law, and which creates or purports to create any requirement or rule that may affect, restrict, prohibit or expressly allow the
terms of this Agreement or any activity contemplated or carried out under this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 8.5pt 0 5.9pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 3.7pt 11.25pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&ldquo;Bank
Account&rdquo; means the bank account information of Bitmain provided in Appendix A of this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 5.7pt 0 5.9pt; text-align: justify">&ldquo;Force Majeure&rdquo; means
in respect of either <FONT STYLE="letter-spacing: -0.15pt">Party, </FONT>any event or occurrence whatsoever beyond the reasonable
control of that <FONT STYLE="letter-spacing: -0.2pt">Party, </FONT>which delays, prevents or hinders that Party from performing
any obligation imposed upon that Party under this Agreement, including to the extent such event or occurrence shall <FONT STYLE="letter-spacing: -0.15pt">delay,
</FONT>prevent or hinder such Party from performing such obligation, war (declared or undeclared), terrorist activities, acts of
sabotage, blockade, fire, lightning, acts of god, national strikes, riots, insurrections, civil commotions, quarantine restrictions,
epidemics, earthquakes, landslides, avalanches, floods, hurricanes, explosions and regulatory and administrative or similar action
or delays to take actions of any governmental authority.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/13.75pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt; text-align: justify">&ldquo;Insolvency Event&rdquo;
in the context of the Purchaser means any of the following events:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">i)</FONT></TD><TD STYLE="text-align: justify; padding-right: 5.4pt"><FONT STYLE="font-size: 12pt">a receiver, receiver and manager, judicial
manager, official manager, trustee, administrator or similar official is appointed, or steps are taken for such appointment, over
all or any part of the assets, equipment or undertaking of the Purchaser;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt;">ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.55pt"><FONT STYLE="font-size: 12pt">if the Purchaser stops or suspends payments
to its creditors generally, is unable to or admits its inability to pay its debts as they fall due, seeks to enter into any composition
or other arrangement with its creditors, is declared or becomes bankrupt or insolvent or enters into liquidation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">iii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.65pt"><FONT STYLE="font-size: 12pt">a petition is presented, a proceeding is commenced,
an order is made or an effective resolution is passed or any other steps are taken by any person for the liquidation, winding up,
insolvency, judicial management, administration, reorganisation, reconstruction, dissolution or bankruptcy of the Purchaser, otherwise
than for the purpose of a bona fide scheme of solvent amalgamation or reconstruction; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">iv)</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.6pt"><FONT STYLE="font-size: 12pt">if any event, process or circumstance analogous
or having a substantially similar effect to any of the above, in any applicable jurisdiction, commences or exists.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 11.7pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&ldquo;Intellectual
Property Rights&rdquo; means any and all intellectual property rights, including but not limited to those concerning inventions,
patents, utility models, registered designs and models, engineering or production materials, drawings, trademarks, service marks,
domain names, applications for any of the foregoing (and the rights to apply for any of the foregoing), proprietary or business
sensitive information and/or technical know-how, copyright, authorship, whether registered or not, and any neighbor rights.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 11.9pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&ldquo;Order&rdquo;
means the Purchaser&rsquo;s request to Bitmain for certain Product(s) in accordance with this Agreement.</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 11.9pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 11.9pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&ldquo;Order
Confirmation&rdquo; means Bitmain&rsquo;s acceptance of the Order.</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 11.9pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 11.9pt 0 6.35pt; text-align: justify; text-indent: -0.5pt"></P>

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<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 11.9pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 12.1pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">&ldquo;Product(s)&rdquo;
means the merchandise that Bitmain will provide to the Purchaser in accordance with this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 0 12pt 0 6.35pt; text-align: justify; text-indent: -0.5pt"><FONT STYLE="letter-spacing: -0.15pt">&ldquo;Total
</FONT>Purchase Price&rdquo; means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.</P>


<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 3.7pt 11.6pt 0 5.9pt"><FONT STYLE="letter-spacing: -0.1pt">&ldquo;Warranty</FONT>
Period&rdquo; means the period of time that the Product(s) are covered by the warranty granted by Bitmain or its Affiliates in
accordance with Clause 6 of this Agreement.</P>

<P STYLE="font: 12pt/27.5pt Times New Roman, Times, Serif; margin: 0.1pt 8.6pt 0 5.9pt">&ldquo;Warranty Start Date&rdquo; means
the date on which the Product(s) are delivered to the carrier. Interpretations:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">i)</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.55pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.2pt">Words </FONT><FONT STYLE="font-size: 12pt">importing
the singular include the plural and vice versa where the context so requires.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.8pt"><FONT STYLE="font-size: 12pt">The headings in this Agreement are for convenience
only and shall not be taken into consideration in the interpretation or construction of this Agreement.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt;">iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">References to Clauses are references to Clauses of this Agreement.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Unless specifically stated otherwise, all references to days shall
mean calendar days.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.9pt">v)</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.5pt"><FONT STYLE="font-size: 12pt">Any reference to a code, <FONT STYLE="letter-spacing: -0.2pt">law,</FONT>
statute, statutory provision, statutory instrument, order, regulation or other instrument of similar effect shall include any re-enactment
or amendment thereof for the time being in force.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="letter-spacing: -0.3pt">2.</FONT></TD><TD STYLE="text-align: justify">Sales of Product(s)</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.8pt 11.9pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">Bitmain
will provide the Product(s) set forth in Appendix A (attached hereto as part of this Agreement) to the Purchaser in accordance
with provisions of Clause 2, Clause 3, Clause 4, Clause 5 and Appendix A of this Agreement, and the Purchaser shall make payment
in accordance with the terms specified in this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; ">2.1.</FONT></TD><TD STYLE="text-align: justify; "><FONT STYLE="font-size: 12pt">Both Parties agree that the Product(s) shall
be sold in accordance with the following steps:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 42.6pt"><FONT STYLE="font-size: 12pt; ">(i)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.75pt"><FONT STYLE="font-size: 12pt">The Purchaser shall place <FONT STYLE="letter-spacing: -0.4pt">the
</FONT>Order through Bitmain&rsquo;s website or through other methods accepted by Bitmain, and such Order shall constitute an irrevocable
offer to purchase specific Product(s) from Bitmain.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 42.6pt"><FONT STYLE="font-size: 12pt; ">(ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.75pt"><FONT STYLE="font-size: 12pt">After receiving the <FONT STYLE="letter-spacing: -0.1pt">Order,
</FONT>Bitmain will send an order receipt confirmation email to the <FONT STYLE="letter-spacing: -0.15pt">Purchaser. </FONT>The
Purchaser&rsquo;s Order will be open and valid for Bitmain to issue an Order Confirmation for a period of twenty-four (24) hours
after its placement, and prior to the expiration of such period, Bitmain will have the right to cancel the Order at its sole discretion.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 42.6pt"><FONT STYLE="font-size: 12pt; ">(iii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 12.15pt"><FONT STYLE="font-size: 12pt">The Purchaser&rsquo;s Order shall be deemed
accepted by Bitmain upon Bitmain&rsquo;s issuance of the Order Confirmation and the Purchaser shall pay the <FONT STYLE="letter-spacing: -0.2pt">Total
</FONT>Purchase Price in accordance with Appendix A of this Agreement.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 42.6pt"><FONT STYLE="font-size: 12pt; ">(iv)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.9pt"><FONT STYLE="font-size: 12pt">Upon receipt of the <FONT STYLE="letter-spacing: -0.15pt">Total
</FONT>Purchase Price, Bitmain will provide a payment receipt to the Purchaser.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 42.6pt"><FONT STYLE="font-size: 12pt; ">(v)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.75pt"><FONT STYLE="font-size: 12pt">Bitmain will send a shipping confirmation
to the Purchaser after it has delivered the Product(s) to the carrier.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">2.2.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.8pt"><FONT STYLE="font-size: 12pt">Both Parties acknowledge and agree that the
order receipt confirmation shall not constitute nor be construed as Bitmain&rsquo;s acceptance of the Purchaser&rsquo;s <FONT STYLE="letter-spacing: -0.15pt">Order,
</FONT>but mere acknowledgement of the receipt of the Purchaser&rsquo;s Order.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 4.5pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">2.3.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.7pt"><FONT STYLE="font-size: 12pt">Both Parties acknowledge and agree that in
case of product unavailability, Bitmain shall have the right to cancel the Order after it has issued the order receipt confirmation
without any penalty or liability.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">2.4.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.7pt"><FONT STYLE="font-size: 12pt">The Purchaser acknowledges and confirms that
the Order is irrevocable and cannot be cancelled by the Purchaser, and that the Product(s) ordered are neither returnable nor refundable.
All sums paid by the Purchaser to Bitmain shall not be subject to any abatement, set-off, claim, counterclaim, adjustment, reduction,
or defense for any reason except for non-shipment of the Products pursuant to Section 4.3. Payment of <FONT STYLE="letter-spacing: -0.2pt">Total</FONT>
Purchase Price is not refundable, save as otherwise mutually agreed by the Parties or Bitmain&rsquo;s non-shipment of the Products
pursuant to Section 4.3.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="letter-spacing: -0.3pt">3.</FONT></TD><TD STYLE="text-align: justify">Prices and <FONT STYLE="letter-spacing: -0.25pt">Terms </FONT>of Payment</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.85pt">3.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 12.05pt"><FONT STYLE="font-size: 12pt">The Purchaser shall pay the <FONT STYLE="letter-spacing: -0.2pt">Total
</FONT>Purchase Price in accordance with Appendix A of this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.85pt">3.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.85pt"><FONT STYLE="font-size: 12pt">The Parties understand and agree that the
applicable prices of the Product(s) are inclusive of applicable bank transaction fees, export duties, but are exclusive of any
and all applicable import duties, taxes and governmental charges. The Purchaser shall pay or reimburse Bitmain for all taxes levied
on or assessed against the amounts payable hereunder. If any payment is subject to withholding, the Purchaser shall pay such additional
amounts as <FONT STYLE="letter-spacing: -0.15pt">necessary, </FONT>to ensure that Bitmain receives the full amount it would have
received had payment not been subject to such withholding.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="letter-spacing: -0.3pt">4.</FONT></TD><TD STYLE="text-align: justify">Shipping of Product(s)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 12pt">4.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.15pt"><FONT STYLE="font-size: 12pt">The Purchaser must indicate place of <FONT STYLE="letter-spacing: -0.15pt">delivery,
</FONT>and Bitmain will ship the Product(s) to such designated place. If the Purchaser fails to provide Bitmain with the delivery
place or the delivery place provided by the Purchaser is a false address or does not exist, Bitmain may issue the Purchaser a notice
of self-pick-up (which shall specify the self- pick-up location) and ask the Purchaser to pick up the Products itself. The earliest
date for self-pick-up mentioned in the above notice shall be deemed as the delivery date. Bitmain shall be deemed to have completed
the delivery obligation under this Agreement when the Purchaser receives the above notice. The Purchaser shall pick up all the
Products within five (5) working days after receiving the notice from Bitmain. Otherwise, Bitmain is entitled to charge the Purchaser
the storage fee, warehousing charge and other fees according to the standard of USD 2/ unit / <FONT STYLE="letter-spacing: -0.3pt">day.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt">4.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt">Subject to the limitations stated in Appendix
A, the terms of delivery of the Product(s) shall be CIP (carriage and insurance paid according to Incoterms 2010). Once the Product(s)
have been delivered to the carrier and the full purchase price of the Products is adequately covered by insurance during international
transport with the beneficiary of such insurance being the Purchaser, Bitmain shall have fulfilled its obligation to supply the
Product(s) to the Purchaser, and the title and risk of loss or damage to the Product(s) shall pass to the <FONT STYLE="letter-spacing: -0.15pt">Purchaser.</FONT></FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 3.7pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt">4.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.25pt"><FONT STYLE="font-size: 12pt">All delivery dates in Appendix A are estimated,
but not guaranteed. In the case that Purchaser has fulfilled its payment obligations in accordance with the terms and conditions
of this Agreement and Bitmain fails to deliver the Products within the shipping period listed in Appendix A, the Purchaser is entitled
to submit a written reminder to Bitmain. If Bitmain fails to deliver the Products within 5 days after receiving the written reminder
from the Purchaser, the Purchaser is entitled to: (i) request to terminate this Agreement and require Bitmain to return the amounts
paid by the Purchaser without setoff or adjustment (Bitmain shall not pay any interests in this respect), or (ii) continue to perform
this Agreement and require Bitmain to deliver the Products. </FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt">4.4</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.5pt"><FONT STYLE="font-size: 12pt">Bitmain shall not be responsible for any delivery
delay caused by the Purchaser or any third <FONT STYLE="letter-spacing: -0.15pt">party, </FONT>including but not limited to the
carrier, the customs, and the import brokers, nor shall it be liable for damages, whether direct, indirect, incidental, consequential,
or otherwise, for any failure, delay or error in delivery of any Product(s) for any reason whatsoever.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt">4.5</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.35pt"><FONT STYLE="font-size: 12pt">Subject to the Products being adequately
covered by insurance during delivery of the Products to the Purchaser, Bitmain shall not be responsible and the Purchaser shall
be fully and exclusively responsible for any loss of Product(s), personal <FONT STYLE="letter-spacing: -0.15pt">injury, </FONT>property
damage, other damage or liability caused by the Product(s) or the transportation of the Product(s) either to the Purchaser or any
third <FONT STYLE="letter-spacing: -0.15pt">party, </FONT>or theft of the Product(s) during transportation from Bitmain to the
Purchaser.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt">4.6</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.55pt"><FONT STYLE="font-size: 12pt">Bitmain has the right to discontinue the
sale of the Product(s) and to make changes to its Product(s) at any time, without prior approval from or notice to the Purchaser.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt">4.7</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.4pt"><FONT STYLE="font-size: 12pt">If the Product(s) is rejected and/or returned
back to Bitmain because of any reason and regardless of the cause of such delivery failure, the Purchaser shall be solely and exclusively
liable for and shall defend, fully indemnify and hold harmless Bitmain against any and all related expenses, fees, charges and
costs incurred, arising out of or incidental to such rejection and/or return (the &ldquo;<B>Return Expense</B>&rdquo;). Furthermore,
if the Purchaser would like to ask for Bitmain&rsquo;s assistance in redelivering such Product(s) or assist in any other manner,
and if Bitmain at its sole discretion decides to provide this assistance, then in addition to the Return Expense, the Purchaser
shall also pay Bitmain an administrative fee in accordance with Bitmain&rsquo;s then applicable internal <FONT STYLE="letter-spacing: -0.15pt">policy.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="letter-spacing: -0.3pt">5.</FONT></TD><TD STYLE="text-align: justify">Customs</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.85pt">5.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt">Bitmain shall obtain in due time and maintain
throughout the term of this Agreement (if applicable), any and all approvals, permits, authorizations, licenses and clearances
for the export of the Product(s) that are required to be obtained by Bitmain or the carrier under Applicable Laws.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 3.7pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.85pt">5.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt">The Purchaser shall obtain in due time and
maintain throughout the term of this Agreement (if applicable), any and all approvals, permits, authorizations, licenses and clearances
required for the import of the Product(s) to the country of delivery as indicated in the Shipping Information, that are required
to be obtained by the Purchaser or the carrier under Applicable Laws, and shall be responsible for any and all additional fees,
expenses and charges in relation to the import of the Product(s).</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="letter-spacing: -0.3pt">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Warranty</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -1.5pt">6.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.2pt"><FONT STYLE="font-size: 12pt">Bitmain warrants to the Purchaser that during
the Warranty Period, each Product will conform to the applicable product requirements and specifications and perform and operate
as intended and as set forth on Bitmain&rsquo;s website for each Product. The <FONT STYLE="letter-spacing: -0.15pt">Warranty </FONT>Period
shall start on the <FONT STYLE="letter-spacing: -0.15pt">Warranty </FONT>Start Date and end on the 180th day after the Warranty
Start Date or 90 days after return shipment of a repaired Product covered by this warranty. During the <FONT STYLE="letter-spacing: -0.15pt">Warranty
</FONT>Period, the Purchaser&rsquo;s sole and exclusive <FONT STYLE="letter-spacing: -0.15pt">remedy, </FONT>and Bitmain&rsquo;s
entire liability, will be to repair or replace, at Bitmain&rsquo;s option, the defective part/component of the Product(s) or the
defective Product(s) at no charge to the <FONT STYLE="letter-spacing: -0.15pt">Purchaser including, but not limited to, any applicable
testing or shipping charges.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; ">6.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.65pt"><FONT STYLE="font-size: 12pt">The Parties acknowledge and agree that the
warranty provided by Bitmain as stated in the preceding paragraph does not apply to the following items caused by the Purchaser:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.15pt"></TD><TD STYLE="width: 42.65pt"><FONT STYLE="font-size: 12pt; ">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">normal wear and tear;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; ">(ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.85pt"><FONT STYLE="font-size: 12pt">damage resulting from accident, abuse, misuse,
neglect, improper handling or improper installation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; ">(iii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.75pt"><FONT STYLE="font-size: 12pt">damage or loss of the Product(s) caused by
undue physical or electrical stress, including but not limited to moisture, corrosive environments, high voltage surges, extreme
temperatures, shipping, or abnormal working conditions;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(iv)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.8pt"><FONT STYLE="font-size: 12pt">damage or loss of the Product(s) caused by
acts of nature including, but not limited to, floods, storms, fires, and earthquakes;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(v)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.8pt"><FONT STYLE="font-size: 12pt">damage caused by operator error, or non-compliance
with instructions as set out in accompanying documentation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(vi)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.85pt"><FONT STYLE="font-size: 12pt">alterations by persons other than Bitmain,
associated partners or authorized service facilities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(vii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.7pt"><FONT STYLE="font-size: 12pt">Product(s), on which the original software
has been replaced or modified by persons other than Bitmain, associated partners or authorized service facilities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/13.75pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.25pt"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(viii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">use of counterfeit products;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(ix)</FONT></TD><TD STYLE="text-align: justify; padding-right: 12.05pt"><FONT STYLE="font-size: 12pt">damage or loss of data due to interoperability
with current and/or future versions of operating system, software and/or hardware;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(x)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.8pt"><FONT STYLE="font-size: 12pt">damage or loss of data caused by improper
usage and behavior which is not recommended and/or permitted in the product documentation;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 42.5pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(xi)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.7pt"><FONT STYLE="font-size: 12pt">failure of the Product(s) caused by usage
of products not supplied by Bitmain; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/13.65pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.25pt"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.1pt">(xii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">hash boards or chips are burnt.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt">In case the warranty is voided, Bitmain may, at its sole
discretion, provide repair service to the Purchaser, and the Purchaser shall bear all related expenses and costs.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 3.7pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; ">6.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.4pt"><FONT STYLE="font-size: 12pt">Notwithstanding anything to the contrary herein,
the Purchaser acknowledges and agrees that the Product(s) provided by Bitmain do not guarantee any cryptocurrency mining time and,
Bitmain shall not be liable for any cryptocurrency mining time loss or cryptocurrency mining revenue loss that are caused by downtime
of any part/component of the Product(s). Bitmain does not warrant that the Product(s) will meet the Purchaser&rsquo;s requirements
or the Product(s) will be uninterrupted or error free. Except as provided in Clause 6.1 of this Agreement, Bitmain makes no warranties
to the Purchaser with respect to the Product(s), and no warranties of any kind, whether written, oral, express, implied or statutory,
including warranties of merchantability, fitness for a particular purpose or non-infringement or arising from course of dealing
or usage in trade shall apply.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; ">6.4</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.7pt"><FONT STYLE="font-size: 12pt">In the event of any ambiguity or discrepancy
between this Clause 6 of this Agreement and Bitmain&rsquo;s After-sales Service Policy from time to time, it is intended that the
After-sales Service Policy shall prevail and the Parties shall comply with and give effect to the After-sales Service <FONT STYLE="letter-spacing: -0.15pt">Policy.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">7</FONT></TD><TD STYLE="text-align: justify">Representations and Warranties</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.85pt 0 0 5.9pt">The Purchaser makes the following representations
and warranties to Bitmain:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">7.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">It has the full power and authority to purchase the Products and
carry on its businesses.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">7.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.65pt"><FONT STYLE="font-size: 12pt">The obligations expressed to be assumed by
it under this Agreement are legal, valid, binding and enforceable obligations.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">7.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 12pt"><FONT STYLE="font-size: 12pt">It has the power to enter into, perform and
deliver, and has taken all necessary action to authorize its entry into, performance and delivery of, this Agreement and the transactions
contemplated by this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">7.4</FONT></TD><TD STYLE="text-align: justify; padding-right: 12.15pt"><FONT STYLE="font-size: 12pt">The entry into and performance by it of,
and the transactions contemplated <FONT STYLE="letter-spacing: -0.35pt">by, </FONT>this Agreement do not and will not conflict
with:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/13.75pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.25pt"></TD><TD STYLE="width: 36.05pt"><FONT STYLE="font-size: 12pt; ">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">any Applicable Law;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 33.65pt"></TD><TD STYLE="width: 36.05pt"><FONT STYLE="font-size: 12pt; ">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">its constitutional documents; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0.15pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 33.65pt"></TD><TD STYLE="width: 36.05pt"><FONT STYLE="font-size: 12pt; ">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">any agreement or instrument binding upon it or any of its assets.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">7.5</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">All authorizations required or desirable:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">(i)</FONT></TD><TD STYLE="text-align: justify; "><FONT STYLE="font-size: 12pt">to enable it lawfully to enter into, exercise
its rights under and comply with its obligations under this Agreement;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/13.65pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.25pt"></TD><TD STYLE="width: 36.05pt"><FONT STYLE="font-size: 12pt; ">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">to ensure that those obligations are legal, valid, binding and enforceable;
and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 34.2pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.85pt">(iii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.6pt"><FONT STYLE="font-size: 12pt">to make this Agreement admissible in evidence
in its jurisdiction of incorporation, have been or will have been by the time, obtained or effected and are, or will be by the
appropriate time, in full force and effect.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; ">7.6</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">It is not aware of any circumstances which are likely to lead to:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 33.65pt"></TD><TD STYLE="width: 36.05pt"><FONT STYLE="font-size: 12pt; ">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">any authorization obtained or effected not remaining in full force
and effect;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.3pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 12pt; ">(ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.65pt"><FONT STYLE="font-size: 12pt">any authorization not being obtained, renewed
or effected when required or desirable; or any authorization being subject to a condition or requirement which it does not reasonably
expect to satisfy or the compliance with which has or could reasonably be expected to have a material adverse effect.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">7.7</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.55pt"><FONT STYLE="font-size: 12pt">(a) It is not the target of economic sanctions
administered by the Office of Foreign Assets Control of the U.S. Department of the <FONT STYLE="letter-spacing: -0.2pt">Treasury,</FONT>
the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty&rsquo;s Treasury or Singapore
(&ldquo;Sanctions&rdquo;), including by being listed on the Specially Designated Nationals and Blocked Persons (SDN) List maintained
by <FONT STYLE="letter-spacing: -0.3pt">OFAC </FONT>or any other Sanctions list maintained by one of the foregoing governmental
authorities, directly or indirectly owned or controlled by one or more SDNs or other Persons included on any other Sanctions list,
or located, organized or resident in a country or territory that is the target of Sanctions, and (b) the purchase of the Product(s)
will not violate any Sanctions or import and export control related laws and regulations.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">7.8</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.8pt"><FONT STYLE="font-size: 12pt">All information supplied by the Purchaser
is and shall be true and correct, and the information does not contain and will not contain any statement that is false or misleading.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">8</FONT></TD><TD STYLE="text-align: justify">Indemnification and Limitation of Liability</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.8pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">8.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt">Each party shall, during the term of this
Agreement and at any time thereafter, indemnify and save each other harmless from and against any and all damages, suits, claims,
judgments, liabilities, losses, fees, costs or expenses of any kind, including legal fees, whatsoever arising out of or incidental
to the Products pursuant to this Agreement, including but not limited, to any Product(s) infringing on Intellectual Property Rights
of a third party.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">8.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.25pt"><FONT STYLE="font-size: 12pt">Notwithstanding anything to the contrary
herein, neither party shall under no circumstances, be liable to each other for any consequential loss, or loss of goodwill, business,
anticipated profits, revenue, contract, or business opportunity arising out of or in connection with this Agreement, and <FONT STYLE="letter-spacing: -0.4pt">each
party </FONT>hereby waives any claim it may at any time have against the other in respect of any such damages. The foregoing limitation
of liability shall apply whether in an action at <FONT STYLE="letter-spacing: -0.2pt">law, </FONT>including but not limited to
contract, strict liability, negligence, willful misconduct or other tortious action, or an action in <FONT STYLE="letter-spacing: -0.15pt">equity.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">8.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.35pt"><FONT STYLE="font-size: 12pt">Each Parties&rsquo; cumulative aggregate
liability pursuant to this Agreement, whether arising from tort, breach of contract or any other cause of action shall be limited
to and not exceed the amount of one hundred percent (100%) of the Total Purchase Price actually received by Bitmain from the Purchaser
and paid by the Purchaser to Bitmain for the Product(s).</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">8.4</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.6pt"><FONT STYLE="font-size: 12pt">The Product(s) are not designed, manufactured
or intended for use in hazardous or critical environments or in activities requiring emergency or fail-safe operation, such as
the operation of nuclear facilities, aircraft navigation or communication systems or in any other applications or activities in
which failure of the Product(s) may pose the risk of environmental harm or physical injury or death to humans. Bitmain specifically
disclaims any express or implied warranty of fitness for any of the above described application and any such use shall be at the
Purchaser&rsquo;s sole risk.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">8.5</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt">The above limitations and exclusions shall
apply (1) notwithstanding failure of essential purpose of any exclusive or limited remedy; and (2) whether or not such party has
been advised of the possibility of such damages. This Clause allocates the risks under this Agreement and the pricing reflects
this allocation of risk and the above limitations.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">9</FONT></TD><TD STYLE="text-align: justify">Distribution</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">9.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.55pt"><FONT STYLE="font-size: 12pt">This Agreement does not constitute a distributor
agreement between Bitmain and the Purchaser. Therefore, the Purchaser is not an authorized distributor of Bitmain.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">9.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.3pt"><FONT STYLE="font-size: 12pt">The Purchaser shall in no event claim or imply
to a third party that it is an authorized distributor of Bitmain or Bitmain (Antminer) or any similar terms, or perform any act
that will cause it to be construed as an authorized distributor of Bitmain or Bitmain (Antminer). As between the Purchaser and
Bitmain, the Purchaser shall be exclusively and fully responsible for complying with the Applicable Laws regarding repackaging
the Product(s) for the Purchaser&rsquo;s redistribution needs, and shall be solely liable for any and all liabilities or costs
directly incurred or incidental to such redistribution.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">10</FONT></TD><TD STYLE="text-align: justify">Intellectual Property Rights</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">10.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.15pt"><FONT STYLE="font-size: 12pt">The Parties agree that the Intellectual Property
Rights in any way contained in the Product(s), made, conceived or developed by Bitmain and/or its Affiliates for the Product(s)
under this Agreement and/or, achieved, derived from, related to, connected with the provision of the Product(s) by Bitmain and/or
acquired by Bitmain from any other person in performance of this Agreement shall be the exclusive property of Bitmain and/or its
Affiliates.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">10.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.1pt"><FONT STYLE="font-size: 12pt">Notwithstanding anything to the contrary herein,
all Intellectual Property Rights in the Product(s) shall remain the exclusive property of Bitmain and/or its licensors. Except
for licenses explicitly identified in Bitmain&rsquo;s shipping confirmation or in this Clause 10.2, no rights or licenses are expressly
granted, or implied, whether by estoppel or otherwise, in respect of any Intellectual Property Rights of Bitmain and/or its Affiliates
or any Intellectual Property residing in the Product(s) provided by Bitmain to the Purchaser, including in any documentation or
any data furnished by Bitmain. Bitmain grants the Purchaser a non-exclusive, non-transferrable, royalty- free and irrevocable license
of Bitmain and/or its Affiliates&rsquo; Intellectual Property Rights to solely use the Product(s) delivered by Bitmain to the Purchaser
for their ordinary function, and subject to the Clauses set forth herein. The Purchaser shall in no event violate the Intellectual
Property Rights of Bitmain and/or its licensors.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 3.7pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">10.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.4pt"><FONT STYLE="font-size: 12pt">If applicable, payment by the Purchaser of
non-recurring charges to Bitmain for any special designs, or engineering or production materials required for Bitmain&rsquo;s performance
of Orders for customized Product(s), shall not be construed as payment for the assignment from Bitmain to the Purchaser of title
to the design or special materials. Bitmain shall be the sole owner of such special designs, engineering or production materials.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">11</FONT></TD><TD STYLE="text-align: justify">Confidential Information and Disclosure</TD></TR></TABLE>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">11.1</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">All information concerning this Agreement and matters pertaining
to or derived from the provision of Product(s) pursuant to this Agreement between the Parties, whether in oral or written form,
or in the form of drawings, computer programs or other, as well as all data derived therefrom (&ldquo;Confidential Information&rdquo;),
shall be deemed to be confidential and, as such, may not be divulged to any unauthorized person. The Parties undertake and agree
to take all reasonable and practicable steps to ensure and protect the confidentiality of the Confidential Information which cannot
be passed, sold, traded, published or disclosed to any unauthorized person.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">11.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.2pt"><FONT STYLE="font-size: 12pt">Notwithstanding Section 11.1, Bitmain acknowledges
and agrees that Purchaser is a U.S. publicly traded company and may be required to disclose this Agreement and its related terms,
in order to comply with applicable securities laws, including its disclosure obligations under the U.S. Securities Exchange Act
of 1934, as amended.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">12</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="letter-spacing: -0.3pt">Term </FONT>and <FONT STYLE="letter-spacing: -0.15pt">Termination
</FONT>of this Agreement</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">12.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.2pt"><FONT STYLE="font-size: 12pt">This Agreement will be effective upon Bitmain&rsquo;s
issuance of the shipping confirmation to the Purchaser, provided that if there is more than one shipping confirmation, this Agreement
will be effective to the Products contained in each shipping confirmation upon Bitmain&rsquo;s issuance of the respective shipping
confirmation to the <FONT STYLE="letter-spacing: -0.15pt">Purchaser.</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">12.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.6pt"><FONT STYLE="font-size: 12pt">Bitmain shall be entitled to terminate this
Agreement with immediate effect upon written notice to the Purchaser if:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 1pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 42.6pt"><FONT STYLE="font-size: 12pt; ">(i)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.75pt"><FONT STYLE="font-size: 12pt">the Purchaser fails to comply in any material
respect of this Agreement, and where that failure is capable of being remedied, fails to remedy it within thirty (30) days of being
required by Bitmain to do so;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.2pt"></TD><TD STYLE="width: 42.6pt"><FONT STYLE="font-size: 12pt; ">(ii)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.85pt"><FONT STYLE="font-size: 12pt">it is or becomes unlawful for the Purchaser
to perform or comply with any of its material obligations under this Agreement or all or a material part of the obligations of
the Purchaser under this Agreement are not or cease to be valid, binding and enforceable; or</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0.25pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 34.15pt"></TD><TD STYLE="width: 42.65pt"><FONT STYLE="font-size: 12pt; ">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">an Insolvency Event occurs in respect of the Purchaser.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">12.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.3pt"><FONT STYLE="font-size: 12pt">The Purchaser shall be entitled to terminate
this Agreement with immediate effect upon written notice to Bitmain if Bitmain fails to deliver the Product(s) to the carrier in
accordance with the delivery dates indicated in the shipping confirmation, and fails to remedy it within the time period pursuant
to Section 4.3 of being required by the Purchaser to do so.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">12.4</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.55pt"><FONT STYLE="font-size: 12pt">This Agreement shall also be automatically
terminated between the Parties if the Order is cancelled because of any reason stated in this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">12.5</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.3pt"><FONT STYLE="font-size: 12pt">Termination of this Agreement shall be without
prejudice to the rights and liabilities of the Parties accrued prior to or as a result of such termination, including those related
to antecedent breaches. Termination of this Agreement for any cause or otherwise shall not release a Party from any liability which
at the time of termination has already accrued to the other Party or which thereafter may accrue in respect of any act or omission
prior to such termination. The rights and obligations of the Parties under Clause 1 (Definitions and Interpretations), Clause 10
(Intellectual Property Rights), Clause <FONT STYLE="letter-spacing: -0.25pt">11 </FONT>(Confidential Information and Disclosure),
Clause 12 <FONT STYLE="letter-spacing: -0.2pt">(Term </FONT>and Termination of this Agreement), Clause 13 (Contact Information),
Clause 14 (Compliance with Laws and Regulations) and Clause 21 (Governing Law and Dispute Resolution) shall survive the termination
of this Agreement.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">13</FONT></TD><TD STYLE="text-align: justify">Contact Information</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 0 0 5.15pt">All communications in relation to this Agreement
shall be made to the following contacts:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6.15pt 0 0 5.15pt"><B>Purchaser</B>&rsquo;s <B>business contact:</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/210% Times New Roman, Times, Serif; margin: 0 323.75pt 0 5.15pt">Name: Jeff McGonegal Phone: +1 303-794-2000</P>

<P STYLE="font: 12pt/13.6pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt">Email: [****]</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt"><B>Bitmain&rsquo;s business contact:</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt">Name: Peng LI</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt">Phone: [****]</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt">Email: [****]</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">14</FONT></TD><TD STYLE="text-align: justify">Compliance with Laws and Regulations</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 3.7pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">14.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.3pt"><FONT STYLE="font-size: 12pt">The Purchaser undertakes that it will fully
comply with all Applicable Laws in relation to export and import control and Sanctions and shall not take any action that would
cause Bitmain or any of its Affiliates to be in violation of any export and import control laws or Sanctions. The Purchaser shall
also be fully and exclusively liable for and shall defend, fully indemnify and hold harmless Bitmain and/or its Affiliates from
and against any and all claims, demands, actions, costs or proceedings brought or instituted against Bitmain and/or its Affiliates
arising out of or in connection with any breach by the Purchaser or the carrier of any Applicable Laws in relation to export and
import control or Sanction.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">14.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.25pt"><FONT STYLE="font-size: 12pt">The Purchaser acknowledges and agrees that
the Product(s) in this Agreement are subject to the export control laws and regulations of all related countries, including but
not limited to the Export Administration Regulations (&ldquo;EAR&rdquo;) of the United States. Without limiting the foregoing,
the Purchaser shall not, without receiving the proper licenses or license exceptions from all related governmental authorities,
including but not limited to the U.S. Bureau of Industry and Security, distribute, re- distribute, export, re-export, or transfer
any Product(s) subject to this Agreement either directly or indirectly, to any national of any country identified in Country Groups
D:1 or E:1 as defined in the EARs. In addition, the Product(s) under this Agreement may not be exported, re-exported, or transferred
to (a) any person or entity listed on the &ldquo;Entity List&rdquo;, &ldquo;Denied Persons List&rdquo; or the SDN List as such
lists are maintained by the U.S. Government, or (b) an end-user engaged in activities related to weapons of mass destruction. Such
activities include but are not necessarily limited to activities related to: (1) the design, development, production, or use of
nuclear materials, nuclear facilities, or nuclear weapons; (2) the design, development, production, or use of missiles or support
of missiles projects; and (3) the design, development, production, or use of chemical or biological weapons. The Purchaser further
agrees that it will not do any of the foregoing in violation of any restriction, <FONT STYLE="letter-spacing: -0.2pt">law, </FONT>or
regulation of the European Union or an individual EU member state that imposes on an exporter a burden equivalent to or greater
than that imposed by the</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 34.2pt; text-align: justify">U.S. Bureau of Industry and
Security.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 34.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 1.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">14.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.15pt"><FONT STYLE="font-size: 12pt">The Purchaser undertakes that it will not
take any action under this Agreement <FONT STYLE="letter-spacing: 0.1pt">or</FONT> use the Product(s) in a way that will be a breach
of any anti-money laundering laws, any anti-corruption laws, and/or any counter-terrorist financing laws.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 3.7pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">14.4</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt">The Purchaser warrants that the Product(s)
have been purchased with funds that are from legitimate sources and such funds do not constitute proceeds of criminal conduct,
or realizable <FONT STYLE="letter-spacing: -0.15pt">property, </FONT>or proceeds of terrorism financing or property of terrorist,
within the meaning given in the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act (Chapter 65A)
and the Terrorism (Suppression of Financing) Act (Chapter 325), respectively. The Purchaser understands that if any Person resident
in Singapore knows or suspects or has reasonable grounds for knowing or suspecting that another Person is engaged in criminal conduct
or is involved with terrorism or terrorist property and the information for that knowledge or suspicion came to their attention
in the course of business in the regulated sector, or other trade, profession, business or employment, the Person will be required
to report such knowledge or suspicion to the Suspicious Transaction Reporting Office, Commercial Affairs Department of the Singapore
Police Force. The Purchaser acknowledges that such a report shall not be treated as breach of confidence or violation of any restriction
upon the disclosure of information imposed by any Applicable <FONT STYLE="letter-spacing: -0.25pt">Law, </FONT>contractually or
otherwise.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">15</FONT></TD><TD STYLE="text-align: justify">Force Majeure</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">15.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.45pt">To </FONT><FONT STYLE="font-size: 12pt">the
extent that a Party is fully or partially delayed, prevented or hindered by an event of Force Majeure from performing any obligation
under this Agreement (other than an obligation to make payment), subject to the exercise of reasonable diligence by the affected
<FONT STYLE="letter-spacing: -0.15pt">Party, </FONT>the failure to perform shall be excused by the occurrence of such event of
Force Majeure. A Party claiming that its performance is excused by an event of Force Majeure shall, promptly after the occurrence
of such event of Force Majeure, notify the other Party of the nature, date of inception and expected duration of such event of
Force Majeure and the extent to which the Party expects that the event will <FONT STYLE="letter-spacing: -0.2pt">delay, </FONT>prevent
or hinder the Party from performing its obligations under this Agreement. The notifying Party shall thereafter use its best effort
to eliminate such event of Force Majeure and mitigate its effects.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">15.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.7pt"><FONT STYLE="font-size: 12pt">The affected Party shall use reasonable diligence
to remove the event of Force Majeure, and shall keep the other Party informed of all significant developments.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">16</FONT></TD><TD STYLE="text-align: justify">Entire Agreement and Amendment</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 8.95pt 0 5.9pt; text-align: justify">This Agreement, constitutes
the entire agreement of the Parties hereto and can only be amended with the written consent of both Parties or otherwise as mutually
agreed by both Parties.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">17</FONT></TD><TD STYLE="text-align: justify">Assignment</TD></TR></TABLE>

<P STYLE="font: 12pt/100% Times New Roman, Times, Serif; margin: 5.75pt 11.75pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">Bitmain
may freely assign this Agreement in whole or in part to its Affiliates or to any third <FONT STYLE="letter-spacing: -0.2pt">party.
</FONT>The Purchaser may not assign this Agreement in whole or in part without Bitmain&rsquo;s prior written consent.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.55pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 17.9pt"><FONT STYLE="letter-spacing: -0.75pt">18</FONT></TD><TD STYLE="text-align: justify">Severability</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 11.35pt 0 5.65pt; text-align: justify; text-indent: -0.5pt"><FONT STYLE="letter-spacing: -0.45pt">To
</FONT>the extent possible, if any provision of this Agreement is held to be illegal, invalid or unenforceable in whole or in part
by a court, the provision shall apply with whatever deletion or modification is necessary so that such provision is legal, valid
and enforceable and gives effect to the commercial intention of the Parties. The remaining provisions of this Agreement shall not
be affected and shall remain in full force and effect.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">19</FONT></TD><TD STYLE="text-align: justify">Personal Data</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 9.8pt 0 5.9pt; text-align: justify">Depending on the nature
of the Purchaser&rsquo;s interaction with Bitmain, some examples of personal data which Bitmain may collect from the Purchaser
include the Purchaser&rsquo;s name and identification information, contact information such as the Purchaser&rsquo;s address, email
address and telephone number, nationality, gender, date of birth, and financial information such as credit card numbers, debit
card numbers and bank account information.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 11.25pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">Bitmain
generally does not collect the Purchaser&rsquo;s personal data unless (a) it is provided to Bitmain voluntarily by the Purchaser
directly or via a third party who has been duly authorized by the Purchaser to disclose the Purchaser&rsquo;s personal data to
Bitmain (the Purchaser&rsquo;s &ldquo;authorized representative&rdquo;) after (i) the Purchaser (or the Purchaser&rsquo;s authorized
representative) has been notified of the purposes for which the data is collected, and (ii) the Purchaser (or the Purchaser&rsquo;s
authorized representative) has provided written consent to the collection and usage of the Purchaser&rsquo;s personal data for
those purposes, or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 11.5pt 0 6.35pt; text-align: justify">(b) collection and use
of personal data without consent is permitted or required by related laws. Bitmain shall seek the Purchaser&rsquo;s consent before
collecting any additional personal data and before using the Purchaser&rsquo;s personal data for a purpose which has not been notified
to the Purchaser (except where permitted or authorized by law).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">20</FONT></TD><TD STYLE="text-align: justify">Conflict with the <FONT STYLE="letter-spacing: -0.3pt">Terms </FONT>and Conditions</TD></TR></TABLE>

<P STYLE="font: 12pt/97% Times New Roman, Times, Serif; margin: 5.7pt 8.8pt 0 6.35pt; text-align: justify; text-indent: -0.5pt">In
the event of any ambiguity or discrepancy between the Clauses of this Agreement and the <FONT STYLE="letter-spacing: -0.2pt">Terms
</FONT>and Conditions from time to time, it is intended that the Clauses of this Agreement shall prevail and the Parties shall
comply with and give effect to this Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">21</FONT></TD><TD STYLE="text-align: justify">Governing Law and Dispute Resolution</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 5.75pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">21.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 9pt"><FONT STYLE="font-size: 12pt">This Agreement shall be solely governed by and
construed in accordance with the laws of Singapore. The Parties agree that the United Nations Convention on Contracts for the International
Sale of Goods does not apply to this Agreement.<FONT STYLE="background-color: white">&nbsp;</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 9pt 0 34.2pt; text-align: left; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.85pt"></TD><TD STYLE="width: 28.35pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">21.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 8.65pt"><FONT STYLE="font-size: 12pt">Any dispute, controversy, difference or claim
arising out of or relating to this Agreement, including the existence, validity, interpretation, performance, breach or termination
hereof or any dispute regarding non-contractual obligations arising out of or relating to this Agreement shall be referred to and
finally resolved by arbitration administered by the Singapore International Arbitration Centre (SIAC) under the SIAC Arbitration
Rules in force when the notice of arbitration is submitted. The law of this arbitration clause shall be Singapore <FONT STYLE="letter-spacing: -0.2pt">law.
</FONT>The seat of arbitration shall be Singapore. The arbitration proceedings shall be conducted in English. The number of arbitrators
shall be three unless otherwise subsequently agreed in writing by the Parties.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">22</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="letter-spacing: -0.15pt">Waiver</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.8pt 11.3pt 0 5.15pt; text-align: justify">Failure by either Party
to enforce at any time any provision of this Agreement, or to exercise any election of options provided herein shall not constitute
a waiver of such provision or option, nor affect the validity of this Agreement or any part hereof, or the right of the waiving
Party to thereafter enforce each and every such provision or option.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.9pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="letter-spacing: -0.75pt">23</FONT></TD><TD STYLE="text-align: justify">Counterparts and Electronic Signatures</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5.75pt 11.45pt 0 5.65pt; text-align: justify; text-indent: -0.5pt">This
Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement, and
all of which, when taken together, will be deemed to constitute one and the same agreement. The email or other electronically delivered
signatures of the Parties shall be deemed to constitute original signatures, or electronic copies hereof shall be deemed to constitute
duplicate originals.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 82.1pt 0 79.3pt; text-align: center">(<I>The rest part of the page
is intentionally left in blank</I>)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 82.1pt 0 79.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 82.1pt 0 79.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 82.1pt 0 79.3pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 82.1pt 0 79.3pt; text-align: center">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 3.7pt 0 0 5.9pt">Signed for and on behalf of Bitmain</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 34%"><B>Bitmaintech Pte. Ltd.</B></TD>
    <TD STYLE="text-align: right; width: 33%; vertical-align: bottom">&nbsp;<IMG SRC="image_001.jpg" ALT=""></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Signature: <U>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Jihan Wu&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Title:&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CEO&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: bold 12pt Times New Roman, Times, Serif; margin: 0 0 0 5.9pt; text-align: left; text-indent: 0in"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;Signed for and on behalf of the Purchaser</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 4.5pt 243.4pt 0 4.95pt; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%">&nbsp;</TD>
    <TD STYLE="width: 34%">The Purchaser</TD>
    <TD STYLE="width: 33%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Signature By: <U>&nbsp;&nbsp;&nbsp;/s/ Jeffrey McGonegal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chief Executive Officer &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;</U></TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 4.5pt 243.4pt 0 4.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 4.5pt 243.4pt 0 4.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 4.5pt 243.4pt 0 4.95pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 46.1pt 0 79.3pt; text-align: center"><B></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/108% Times New Roman, Times, Serif; margin: 0 64.05pt 0 209.35pt; text-indent: 1.8pt"><U></U></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 3.1pt 82.25pt 0 76.35pt; text-align: center"><B>APPENDIX A</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.3pt 0 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">1.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.45pt"><FONT STYLE="font-size: 12pt">Per the Purchaser&rsquo;s request, Bitmain
will provide the following Product(s) upon full payment in accordance with the terms specified hereunder:</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" STYLE="border: black 1pt solid; padding-top: 4.35pt; padding-right: 25.8pt; padding-left: 36.45pt; text-align: center; text-indent: -9.25pt"><FONT STYLE="font-size: 12pt"><B>Description of Product(s)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 139.65pt; padding-left: 136.55pt; text-align: center; line-height: 13.6pt"><FONT STYLE="font-size: 12pt"><B>Price</B></FONT></TD></TR>
<TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.75pt; padding-left: 21.45pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Unit price</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.75pt; padding-right: 32pt; padding-left: 29.05pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Units</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 3.75pt; padding-right: 46.75pt; padding-left: 43.9pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Total</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 31%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.1pt 0 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 11pt/95% Times New Roman, Times, Serif; margin: 0 8pt 0 9.35pt; text-align: center; text-indent: 8.6pt"><FONT STYLE="font-size: 12pt; line-height: 95%">Antminer
        S19 Pro- </FONT>[****]<FONT STYLE="font-size: 12pt; line-height: 95%">,</FONT>[****]</P></TD>
    <TD STYLE="width: 21%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 11.4pt; text-align: center"><FONT STYLE="font-size: 12pt">US$ 2,608.00</FONT></TD>
    <TD STYLE="width: 21%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 22.05pt; padding-left: 29.7pt; text-align: center"><FONT STYLE="font-size: 12pt">1,000</FONT></TD>
    <TD STYLE="width: 27%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 24.6pt"><FONT STYLE="font-size: 12pt">US$2,608,000.00 </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 2.95pt; padding-left: 5.35pt"><FONT STYLE="font-size: 12pt">First Carrier:&nbsp;&nbsp;Estimated Shipping cost to USA via Aircargo</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.95pt; padding-left: 12.6pt; text-indent: 6pt"><FONT STYLE="font-size: 12pt">US$ [TBD]</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 2.95pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-size: 12pt">Extra Discount</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.95pt; padding-left: 12.6pt; text-indent: 6pt"><FONT STYLE="font-size: 12pt">US$104,841.60</FONT></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 2.95pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-size: 12pt">Credits</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 2.95pt; padding-left: 12.6pt; text-indent: 6pt"><FONT STYLE="font-size: 12pt">US$66,153.00</FONT></TD></TR>
<TR>
    <TD COLSPAN="4" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 0.35pt; padding-left: 133.3pt; text-align: center; text-indent: 17.7pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt"><B>TOTAL</B></FONT><B> <FONT STYLE="font-size: 12pt">PURCHASE PRICE:&nbsp;&nbsp;&nbsp;&nbsp;&#9;&nbsp;&nbsp;US$2,437,005.40</FONT></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 2.7pt; padding-left: 5.75pt"><FONT STYLE="font-size: 12pt">Estimated Shipping Time (Delivery Date): before 25 June 2020</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: justify">**** Certain product specifications,
including specific model variant numbers and the corresponding number of such model variants of the Antminer S19 Pro digital currency
miners purchased by Riot under this Agreement have been omitted from this table to protect Riot from the competitive harm which
would occur if such specific information was disclosed to the public.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.45pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">2.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.3pt"><FONT STYLE="font-size: 12pt">Where the actual Products provided by Bitmain
are not in consistence with the description listed in Article 1 of Appendix 1, provided that all the following three requirements
are met, the unit price and/or quantity of the Products can be adjusted by Bitmain based on the actual type of the Products before
<FONT STYLE="letter-spacing: -0.15pt">delivery. </FONT>The types, quantity and unit price of the actual delivered Products shall
be subject to the statement issued by Bitmain. the Purchaser shall not refuse to accept the Products on the grounds that the types,
quantity and/or unit price of the actual delivered Products are inconsistent with Article 1 of Appendix 1:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 1.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.65pt">(1)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.35pt"><FONT STYLE="font-size: 12pt">The total hashrate of the Products actually
delivered by Bitmain to the Purchaser shall not be less than the total hashrate as stipulated in Article 2 of Appendix A;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/100% Times New Roman, Times, Serif; margin-top: 1.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.65pt">(2)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.3pt"><FONT STYLE="font-size: 12pt">The Products actually delivered by Bitmain
to the Purchaser are S19 pro series Products.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<TD STYLE="width: 5.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.65pt">(3)</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.35pt"><FONT STYLE="font-size: 12pt">The total price of the Products actually
delivered by Bitmain to the Purchaser shall not exceed the <FONT STYLE="letter-spacing: -0.2pt">Total </FONT>Purchase Price of
the Products as stipulated in Article 1 of Appendix A.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.1pt"></TD><TD STYLE="width: 21.05pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 12pt">Bitmain&rsquo;s <B>BANK ACCOUNT info:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-size: 12pt">Account
Name:&nbsp;</FONT>[****]</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-size: 12pt">Beneficiary
Bank:&nbsp;</FONT>[****]</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-size: 12pt">Address:&nbsp;</FONT>[****]</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-size: 12pt">Swift
Code:&nbsp;</FONT>[****]</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-size: 12pt">Bank
Code:&nbsp;</FONT>[****]</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-size: 12pt">Branch
Code:&nbsp;</FONT>[****]</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 48.15pt; text-align: justify; text-indent: -28.35pt"><FONT STYLE="font-size: 12pt">Account
Number (USD): </FONT>[****]</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">4.</FONT></TD><TD STYLE="text-align: justify; padding-right: 7.35pt"><FONT STYLE="font-size: 12pt">The payment shall be arranged by the Purchaser
as follows: one hundred percent (100%) of the <FONT STYLE="letter-spacing: -0.2pt">Total </FONT>Purchase Price of the Product(s)
as listed above shall be paid as non-refundable down payment (unless otherwise explicitly specified in this Agreement)</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.05pt 11.25pt 0 26.15pt; text-align: justify"><U>within [3] working
days</U> upon the placement of the Order by the Purchaser, otherwise the Order will be cancelled and Bitmain shall not be required
to review and/or to confirm the <FONT STYLE="letter-spacing: -0.15pt">Order by issuing an Order Confirmation. </FONT>Payments shall
be paid in United States Dollars (USD) by wire transfer to Bitmain&rsquo;s Bank Account.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5.15pt"></TD><TD STYLE="width: 21pt"><FONT STYLE="font-size: 12pt; letter-spacing: -0.25pt">5.</FONT></TD><TD STYLE="text-align: justify; padding-right: 11.25pt"><FONT STYLE="font-size: 12pt">Without prejudice to the above, the unit
price and the <FONT STYLE="letter-spacing: -0.2pt">Total </FONT>Purchase Price of the Product(s) and any amount paid by the Purchaser
shall be all denominated in USD. Where the Parties agree that the payments shall be made in cryptocurrencies, the exchange rate
between the USD and the cryptocurrency selected shall be determined and calculated as follows: (1) in the event that the Purchaser
pays for any order placed on Bitmain&rsquo;s official <FONT STYLE="letter-spacing: -0.15pt">Website </FONT>(the <FONT STYLE="letter-spacing: -0.15pt">&ldquo;Website&rdquo;)
</FONT>which is valid and has not been fully paid yet, the exchange rate between United States Dollars and the cryptocurrency fixed
in such placed order shall <FONT STYLE="letter-spacing: -0.2pt">apply, </FONT>or (2) in any other case, the real time exchange
rate between the USD and the cryptocurrency displayed on the <FONT STYLE="letter-spacing: -0.15pt">Website</FONT> upon payment
shall <FONT STYLE="letter-spacing: -0.2pt">apply. </FONT>The exchange rate between the USD and the cryptocurrency shall be fixed
according to this provision. <FONT STYLE="letter-spacing: -0.15pt">In </FONT>any circumstance, the Purchaser shall not ask for
any refund due to the change of exchange rate.</FONT></TD></TR></TABLE>



<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit 99.1</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 14pt Calibri, Helvetica, Sans-Serif; margin: 0 0.5in 0 0; color: red"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 16pt Calibri, Helvetica, Sans-Serif; margin: 0 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Riot
Blockchain Announces April 2020 Production Update</B></FONT></P>

<P STYLE="font: 14pt Calibri, Helvetica, Sans-Serif; margin: 0 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0 0.5in; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Riot
Blockchain Testing Mining Performance at Coinmint&rsquo;s Facility</I></FONT></P>

<P STYLE="font: 14pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CASTLE
ROCK, CO. &ndash; May 5, 2020 &ndash; Riot Blockchain, Inc. (NASDAQ: RIOT) (&quot;Riot&rdquo; or the &ldquo;Company&quot;)</B>,
one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces its production update for
the month of April 2020.</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 165.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
                                         April 2020, the Company produced 108 newly mined bitcoins (&ldquo;BTC&rdquo;) with its
                                         new Bitmain S17s being fully deployed for the entire month of April 2020.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Riot&rsquo;s
                                         BTC inventory increased by 13% since March 31, 2020 to 929 BTC as of April 30, 2020.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Company is currently operating approximately 4,000 S17s with an aggregate hashing power
                                         capacity of 248 Petahash per second (&ldquo;PH/s&rdquo;) between the Riot Oklahoma City,
                                         Oklahoma and the Coinmint Massena, New York locations.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&bull;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                         announced April 30, 2020, Riot purchased an additional 1,000 Bitmain Antminer S19 Pros
                                         and expects delivery by early July 2020. Once received and deployed, Riot estimates its
                                         aggregate operating hash rate will increase by 46% to approximately 358 PH/s.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Riot
successfully transported 300 miners from its facility in Oklahoma City, Oklahoma to Coinmint&rsquo;s facility in Massena, New
York. The initial batch of miners were online and fully operational by April 19, 2020. The Coinmint facility is expected to result
in improved efficiency and potentially expanded hashing capacity. Riot is using the initial batch of 300 miners to validate its
expectations.</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ashton
Soniat, CEO of Coinmint stated, &ldquo;Coinmint has expanded our co-hosting services to meet the needs of first-in-class
cryptocurrency mining companies and we are excited to partner with Riot Blockchain. With the upcoming halving,
Coinmint&rsquo;s low-cost electricity and 120MW of capacity will allow Riot to continue to grow operations as bitcoin rewards
are reduced.&rdquo;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Bitcoin
Halving Update</B>: On May 12, 2020 the bitcoin halving is expected to occur, which is an event that halves the rate at which
new BTC are awarded (created). The event occurs once every 210,000 blocks (approximately every four years). Currently, a block
reward equals 12.5 BTC, and that will decrease to 6.25 BTC upon the halving. The upcoming bitcoin halving affects both the production
and future supply of BTC. Historically, the value of bitcoin post-halving, over time has increased. However, the potential effects
of the bitcoin halving are unknown.&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>COVID-19
Update</B>: As published in its previous disclosures, Riot is continuing to closely monitor COVID-19 and its potential impact
on the Company&rsquo;s workforce, operations, finance and liquidity. To date, the impact has remained minimal.</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>About
Coinmint, LLC</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Coinmint
operates a digital currency data center in a former Alcoa Aluminum smelter in Massena, New York. At 435MW of transformer capacity
at its Massena complex, the facility&rsquo;s capacity is three times larger than any other known operating digital currency data
center. The facility has been operational since May 2018. Given the abundance of hydroelectric and wind generation in the area,
the experience of its management team in wholesale electricity markets, and the large capacity, Coinmint has a material electrical
economic advantage. For more information, visit www.coinmint.one.</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B></B></FONT></P>

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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>About
Riot Blockchain</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Riot
Blockchain (NASDAQ: RIOT) specializes in cryptocurrency mining with a focus on bitcoin. Riot also holds non-controlling investments
in blockchain technology companies. Riot is headquartered in Castle Rock, Colorado, and the Company&rsquo;s primary mining facility
is located in Oklahoma City, Oklahoma. For more information, visit www.RiotBlockchain.com.</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white; color: #292B2C"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Safe
Harbor</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 &quot;anticipates,&quot; &quot;plans,&quot;
&quot;expects,&quot; &quot;intends,&quot; &quot;will,&quot; &quot;potential,&quot; &quot;hope&quot; 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 &quot;Risk Factors,&quot; copies of which may be obtained
from the SEC's website at www.sec.gov. The Company does not undertake any obligation to update forward-looking statements contained
in this press release.</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white; color: #292B2C"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
further information, please contact:</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Gateway
Investor Relations</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Matt
Glover and Charlie Schumacher</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Telephone:
949-574-3860</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Email:
RIOT@gatewayir.com</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Exhibit 99.2</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center; color: #212121"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Riot
Blockchain announces purchase of 1,000 next generation Bitmain S19 Pro Antminers</B></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212121">CASTLE
ROCK, CO. / PRNewswire / April 30, 2020 / Riot Blockchain, Inc. (NASDAQ: RIOT) (&quot;Riot&rdquo; or the &ldquo;Company&quot;)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">,
one of the few Nasdaq listed public cryptocurrency mining companies in the United States, announces the purchase of 1,000 next
generation Bitmain S19 (110 TH) Pro Antminers for USD $2.4 million from BitmainTech PTE. LTD. (&ldquo;Bitmain&rdquo;). This purchase
is another step in the Company&rsquo;s recent strategic initiatives and was funded from Riot&rsquo;s available cash on hand.</FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
latest generation of bitcoin (&ldquo;BTC&rdquo;) Application-Specific Integrated Circuit (&ldquo;ASIC&rdquo;) miners from Bitmain
are markedly more energy efficient than prior Bitmain models and other ASIC miners currently available. The Bitmain Antminer S19
Pro boasts a hash rate of 110 TH/s and an energy efficiency of 29.5&plusmn;% 5 joules per terahash (J/TH). Once the new S19s are
received and fully deployed, Riot estimates its aggregate operating hash rate will increase by 46% to approximately 358 petahash
per second (&ldquo;PH/s&rdquo;). Riot anticipates receiving the S19s by early July.</FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;Bitmain
has been working with Riot Blockchain for several years, the company has been using our Antminer products for operating their
data centers, and soon to be utilizing the latest technologies we have in our product line-up, the S19 series.&rdquo; Bitmain&rsquo;s
North American Team further stated, &ldquo;We are confident with the continued cooperation and growth they have as they further
expand their operations in the mining sector.&rdquo;</FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>COVID-19
Pandemic Update</B>: Per the press release issued on April 14, 2020, Riot is continuing to monitor COVID-19 and its potential
impact on the Company&rsquo;s workforce, operations, finance and liquidity. To date, the impact has remained minimal.</FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>About
Bitmain</U></B></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bitmain
Technology Holding Company (&ldquo;Bitmain&rdquo;) is a multinational semiconductor company with state-of-the-art IC design capabilities.
Bitmain offers products, including chips, servers, and cloud solutions, for blockchain and artificial intelligence (AI) applications.
Bitmain has shipped billions of ASICs, accounting for 75% of the global market. Being one of the world&rsquo;s few companies with
the capability to develop cloud-based AI chips, Bitmain has successfully released four generations of its AI chip. <FONT STYLE="color: #212121">For
more information, visit</FONT> http://www.bitmain.com.</FONT></P>

<P STYLE="color: #212121; font: bold 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>About
Riot Blockchain</U></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: #212121">Riot
Blockchain is focused on building, operating, and supporting blockchain technologies. Its primary operations consist of cryptocurrency
mining, and the identification and support of innovations within the sector. For more information, visit </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">http://www.RiotBlockchain.com/<FONT STYLE="color: #212121">.</FONT></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: #212121">&nbsp;</FONT></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: #212121"></FONT></FONT></P>

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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: #212121">&nbsp;</FONT></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="color: #212121">&nbsp;</FONT></FONT></P>

<P STYLE="color: #212121; font: bold 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Investor
Notice</U></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #212121"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 &quot;Risk Factors&quot; in Item 1A of our most recent Form 10-K
for the fiscal year ended December 31, 2018 filed with the Securities and Exchange Commission (the &quot;SEC&quot;) on April 2,
2019, as amended by Amendment No. 1 on Form 10-K/A on April 23, 2019, as well as those risk factors disclosed in any periodic
reports we file with the SEC. 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.</FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #212121"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 &quot;Safe Harbor&quot; below.</FONT></P>

<P STYLE="color: #212121; font: bold 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Safe
Harbor</U></FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #212121"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 &quot;anticipates,&quot; &quot;plans,&quot;
&quot;expects,&quot; &quot;intends,&quot; &quot;will,&quot; &quot;potential,&quot; &quot;hope&quot; 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 &quot;Risk Factors,&quot; copies of which may be obtained
from the SEC's website at www.sec.gov. The Company does not undertake any obligation to update forward-looking statements contained
in this press release.</FONT></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
