MicroBT mining server purchase order
Company: Riot
What the later record shows
Outcome not yet confirmed
Filings confirm the 2023 purchase orders were executed. The delivery timing guidance shifted, first to end of 2024 and later to mid-2025. No passage states that delivery of these 66,560 miners was completed.
“In 2023 , we executed purchase orders with MicroBT to acquire U.S.-manufactured miners with a total hash rate of 25.6 EH/s, for a total purchase price of approximately $ 453.4 million”
2024-07-30 · Riot 10-Q filed 2024-07-31 View cached copy (2026-08-31)Live source ↗
“all miners under these purchase orders are expected to be received by the end of 2024”
2024-11-03 · Riot 10-Q filed 2024-11-04 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Riot acquired 66,560 Bitcoin mining servers from MicroBT for $290.5 million, comprising 48,058 M66S Miners, 14,778 M66 Miners, and 3,724 M65S++ Miners, all manufactured in the United States, with monthly deliveries commencing in April 2024 and continuing through April 2025
Source (primary)
Riot 8-K filed 2023-12-06 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Pursuant to P.O. 02, Riot is acquiring 66,560 additional Miners from MicroBT, with a total hashrate of 18.02 exahash per second (EH/s), including 48,058 of MicroBT's latest model M66S Miners, 14,778 model M66 Miners, and 3,724 model M65S++ Miners, all of which will be manufactured by MicroBT in the United States. The total purchase price is $290.5 million (plus applicable taxes and fees, including any USA production premium, and subject to adjustment, all as set forth in the Master Agreement), which will be paid in tranches, according to the production and delivery schedule of the Miners covered by the order, with deliveries commencing in April 2024 and continuing monthly through April 2025.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states each element of the claim: the counterparty, unit count, price, model breakdown, U.S. manufacturing, and the April 2024 to April 2025 monthly delivery schedule. As of the December 2023 filing, the purchase was contracted ("is acquiring") rather than completed, and the $290.5 million excludes taxes and fees and is subject to adjustment.
Confirmed in the source:
- Riot agreed to purchase 66,560 Bitcoin mining servers from MicroBT under Purchase Order No. 02
- The total purchase price is $290.5 million, plus applicable taxes and fees and subject to adjustment
- The order comprises 48,058 M66S Miners, 14,778 M66 Miners, and 3,724 M65S++ Miners
- All of the Miners will be manufactured by MicroBT in the United States
- Deliveries commence in April 2024 and continue monthly through April 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155837023019523/riot-20231204x8k.htm) in full (13,824 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2023-12-06
Quote: “Pursuant to P.O. 02, Riot is acquiring 66,560 additional Miners from MicroBT, with a total hashrate of 18.02 exahash per second (EH/s), including 48,058 of MicroBT's latest model M66S Miners, 14,778 model M66 Miners, and 3,724 model M65S++ Miners, all of which will be manufactured by MicroBT in the United States. The total purchase price is $290.5 million (plus applicable taxes and fees, including any USA production premium, and subject to adjustment, all as set forth in the Master Agreement), which will be paid in tranches, according to the production and delivery schedule of the Miners covered by the order, with deliveries commencing in April 2024 and continuing monthly through April 2025.”