Riot Platforms, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The Company’s assets and liabilities measured at fair value on a recurring basis consisted of the following as of the Acquisition Date of May 26, 2021, and September 30, 2021:

	Fair value measured at May 26, 2021
	Total carrying value at May 26, 2021		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivative asset	$	13,967	$	-	$	-	$	13,967
Contingent consideration liability	$	82,953	$	-	$	-	$	82,953

Riot Blockchain, Inc. and Subsidiaries

Notes to the Condensed Interim Consolidated Financial Statements

(Unaudited)

	Fair value measured at September 30, 2021
	Total carrying value at September 30, 2021		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Derivative asset	$	37,773	$	-	$	-	$	37,773
Contingent consideration liability	$	83,397	$	-	$	-	$	83,397

Schedule of Changes in Estimated Fair Value of Derivative Asset

The following table presents the changes in the estimated fair value of the derivative asset measured using significant unobservable inputs (Level 3) for the nine months ended September 30, 2021:

	Derivative Asset
Balance as of January 1, 2021	$	-
Acquisition of Whinstone		13,967
Change in fair value		23,806
Balance as of September 30, 2021	$	37,773

Schedule of Changes in Estimated Fair Value of Liability

The following table presents the changes in the estimated fair value of our liability for contingent consideration measured using significant unobservable inputs (Level 3) for the nine months ended September 30, 2021:

	Contingent Consideration Liability
Balance as of January 1, 2021	$	-
Acquisition of Whinstone		82,953
Change in fair value		444
Balance as of September 30, 2021	$	83,397