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Bitmain ASIC miner purchase order

Company: Riot

Subject kind
partnership
Statement date
2023-03-01
Current status
stated

The claim, verbatim

The company executed purchase orders totaling $480 million with Bitmain Technologies Limited for 82,500 ASIC miners in 2021, with deliveries extended through early 2023.

Source (primary)

Riot 10-K filed 2023-03-02 (SEC EDGAR, sec_filing)
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Quote: “During the year ended December 31, 2021, we executed purchase orders totaling $480 million with Bitmain Technologies Limited ("Bitmain") for 82,500 ASIC miners, including 30,000 of Bitmain's latest generation Antminer model S19XP (140 TH/s) miners, and 52,500 S19j and S19j Pro miners... All miners subject to these purchase orders were delivered through December 31, 2022, except for 5,130 miners, which were delivered in January 2023.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Riot 10-K filed 2023-03-02

Quote: “During the year ended December 31, 2021, we executed purchase orders totaling $480 million with Bitmain Technologies Limited ("Bitmain") for 82,500 ASIC miners, including 30,000 of Bitmain's latest generation Antminer model S19XP (140 TH/s) miners, and 52,500 S19j and S19j Pro miners... All miners subject to these purchase orders were delivered through December 31, 2022, except for 5,130 miners, which were delivered in January 2023.”

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