Riot Platforms, Inc. Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

The following summarizes quantitative information about the Company’s operating leases (dollars in thousands):

Lease cost	Year Ended December 31, 2019
Operating lease cost	$	2,378
Variable lease cost		3,200
Operating lease expense		5,578
Short-term lease rent expense		17
Total rent expense	$	5,595

Other information
Operating cash flows from operating leases	$	2,377
Right of use assets exchanged for new operating lease liabilities	$	2,664
Weighted-average remaining lease term – operating leases		0.5 years
Weighted-average discount rate – operating leases		10.00	%

Maturities of the Company’s operating lease liabilities, are as follows (in thousands):

For the year ended December 31, 2020	$	344
For the year ended December 31, 2021		35
Total	$	379
Less present value discount		(11	)
Operating lease liabilities	$	368