Intended use of offering proceeds
Company: Riot
The claim, verbatim
Intends to use net proceeds for general corporate purposes including working capital, capital expenditures, strategic acquisitions, investments in Bitcoin mining projects, and stock repurchases
Source (primary)
Riot 424B5 filed 2022-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “As of the date of this prospectus supplement, we intend to use the net proceeds from this offering for general corporate purposes, which may include, among other things, additions to working capital, satisfaction of corporate obligations, capital expenditures, strategic acquisitions, and investments in existing and future Bitcoin mining projects, and repurchases and redemptions of our common stock”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document's use-of-proceeds section lists exactly these intended uses.
Confirmed in the source:
- Riot intends to use net proceeds for general corporate purposes including working capital, capital expenditures, strategic acquisitions, investments in Bitcoin mining projects, and repurchases and redemptions of common stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997322000383/riot_424b5-259212.htm) in full (138,227 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 424B5 filed 2022-03-31
Quote: “As of the date of this prospectus supplement, we intend to use the net proceeds from this offering for general corporate purposes, which may include, among other things, additions to working capital, satisfaction of corporate obligations, capital expenditures, strategic acquisitions, and investments in existing and future Bitcoin mining projects, and repurchases and redemptions of our common stock”