Bitcoin Miner Fleet Expansion Forecast
Company: Riot
What the later record shows
Delivered on time · happened December 31, 2023
The 2024 10-K states that 112,944 miners were deployed as of December 31, 2023. That exceeds the roughly 111,216 anticipated.
“As of December 31, 2023, the Company had deployed a total of 112,944 miners in its mining operation, all at the Rockdale Facility.”
2024-02-22 · Riot 10-K filed 2024-02-23 View cached copy (2026-09-13)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
Anticipates approximately 111,216 miners in operation by end of 2023
Source (primary)
Riot 10-K filed 2023-03-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Based on our existing operations and expected deliveries and deployment of miners we have purchased, we anticipate having approximately 111,216 miners in operation by the end of 2023.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K states this projection directly.
Confirmed in the source:
- Riot anticipates approximately 111,216 miners in operation by the end of 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155837023002704/riot-20221231x10k.htm) in full (577,023 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 10-K filed 2023-03-02
Quote: “Based on our existing operations and expected deliveries and deployment of miners we have purchased, we anticipate having approximately 111,216 miners in operation by the end of 2023.”
confirms Riot 10-K filed 2024-02-23
Quote: “As of December 31, 2023, the Company had deployed a total of 112,944 miners in its mining operation, all at the Rockdale Facility.”