$480 million Bitmain ASIC miner purchase order with delivery through December 2022
Company: Riot
What the later record shows
Delivered late · happened January 31, 2023
Delivery and deployment were expected through December 2022. 5,130 Bitmain miners were still outstanding at year-end and arrived in January 2023, and 17,530 received miners had not yet been deployed.
“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
Executed $480 million in purchase orders with Bitmain for 82,500 ASIC miners with anticipated monthly delivery and deployment 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: “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 all of these terms. 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 monthly delivery and deployment 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: “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.”