120,150 miners operational by end of 2022
Company: Riot
What the later record shows
The date slipped · new target December 31, 2023
Only 88,556 miners were deployed at year-end 2022 against the ~120,150 planned. Guidance was reset to 111,216 miners in operation by end of 2023.
“As of December 31, 2022, the Company had deployed a total of 88,556 miners in its mining operation, all at the Rockdale Facility.”
2023-03-01 · Riot 10-K filed 2023-03-02 View cached copy (2026-09-13)Live source ↗
“We anticipate we will have 111,216 miners in operation by the end of 2023.”
2023-03-01 · Riot 10-K filed 2023-03-02 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 having approximately 120,150 miners in operation by the end of 2022, based on existing operations and expected deliveries of miners purchased
Source (primary)
Riot 10-K filed 2022-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “we anticipate having approximately 120,150 miners in operation, utilizing approximately 370 MW of capacity by the end of 2022”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K states both the 120,150 miner figure and that it rested on existing operations and expected deliveries of purchased miners.
Confirmed in the source:
- Riot anticipated having approximately 120,150 miners in operation by the end of 2022
- The projection was based on existing operations and expected deliveries of purchased miners
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: “we anticipate having approximately 120,150 miners in operation, utilizing approximately 370 MW of capacity by the end of 2022”
delays Riot 10-K filed 2023-03-02
Quote: “As of December 31, 2022, the Company had deployed a total of 88,556 miners in its mining operation, all at the Rockdale Facility.”