Bitmain miner purchase order
Company: Riot
What the later record shows
Delivered late · happened January 31, 2023
Bitmain deliveries were scheduled through December 2022. At December 31, 2022, 5,130 Bitmain miners were still outstanding, and they were shipped and received in January 2023.
“the Company had outstanding executed purchase agreements for the purchase of miners from Bitmain for a total of 5,130 S19 series miners, which were shipped in January 2023.”
2023-03-01 · Riot 10-K filed 2023-03-02 View cached copy (2026-09-13)Live source ↗
“for the purchase of miners from Bitmain for a total of 5,130 S19 series miners, all of which were received in January 2023.”
2023-11-07 · Riot 10-Q filed 2023-11-08 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
Purchase orders totaling $480 million with Bitmain for 82,500 ASIC miners with anticipated delivery through December 2022
Source (primary)
Riot 10-K filed 2022-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “During the year ended December 31, 2021, we executed additional purchase orders totaling $480 million with Bitmain Technologies Limited ("Bitmain") for an additional 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, including 43,500 model S19j (90 TH/s) miners and 9,000 model S19j Pro (100 TH/s) miners, with anticipated monthly delivery and deployment schedules set through December 2022.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The Business section states the $480 million, 82,500-miner Bitmain orders with delivery scheduled through December 2022. The MD&A elsewhere cites a combined price of about $535.0 million for these orders.
Confirmed in the source:
- Riot executed purchase orders totaling $480 million with Bitmain
- The orders covered 82,500 ASIC miners
- Anticipated delivery schedules run through December 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997322000280/riot10k1221.htm) in full (467,403 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 10-K filed 2022-03-16
Quote: “During the year ended December 31, 2021, we executed additional purchase orders totaling $480 million with Bitmain Technologies Limited ("Bitmain") for an additional 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, including 43,500 model S19j (90 TH/s) miners and 9,000 model S19j Pro (100 TH/s) miners, with anticipated monthly delivery and deployment schedules set through December 2022.”
confirms Riot 10-Q filed 2023-11-08
Quote: “for the purchase of miners from Bitmain for a total of 5,130 S19 series miners, all of which were received in January 2023.”
confirms Riot 10-K filed 2023-03-02
Quote: “the Company had outstanding executed purchase agreements for the purchase of miners from Bitmain for a total of 5,130 S19 series miners, which were shipped in January 2023.”