ESS Metron acquisition cash consideration
Company: Riot
What the later record shows
Not a promise: a reported event · happened December 1, 2021
The cash consideration was paid at the closing on December 1, 2021, the day the claim was made. Later filings confirm the closing date but do not restate the $25 million figure.
“in connection with the Company’s acquisition of all of the issued and outstanding equity interests of ESS Metron, which we completed on December 1, 2021”
2023-05-31 · Riot 8-K filed 2023-06-01 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
Riot paid $25,000,000 in cash as consideration for acquiring ESS Metron
Source (primary)
Riot 8-K filed 2021-12-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The consideration payable to the Sellers for the Acquisition consists of $25,000,000 in cash, subject to customary adjustments set forth in the Membership Interest Purchase Agreement”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the acquisition consideration includes $25,000,000 in cash, subject to customary adjustments, and that Riot paid this cash consideration to the Sellers at closing.
Confirmed in the source:
- The cash consideration for Riot's acquisition of ESS Metron was $25,000,000 (subject to customary adjustments)
- Riot paid the cash consideration to the Sellers at the closing of the ESS Metron acquisition
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155335021001128/riot_8k.htm) in full (20,613 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2021-12-01
Quote: “The consideration payable to the Sellers for the Acquisition consists of $25,000,000 in cash, subject to customary adjustments set forth in the Membership Interest Purchase Agreement”