Miner purchase payment schedule
Company: Riot
The claim, verbatim
Payment terms: 25% refundable down payment at execution, 35% per batch due five months before shipment, 40% per batch due one month before shipment.
Source (primary)
Riot 8-K filed 2021-11-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Riot paid a refundable down payment of 25% of the total Purchase Price in connection with the execution of the Purchase Agreement, and, subject to the terms and conditions of the Purchase Agreement, will pay the remainder of the Purchase Price as follows: (i) 35% of the Purchase Price per Batch due five months in advance of the scheduled shipment date for the Batch, and (ii) the remaining 40% per Batch due one month in advance of the shipment date for such Batch”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states all three payment terms as claimed.
Confirmed in the source:
- 25% refundable down payment was paid at execution
- 35% per batch is due five months before shipment
- 40% per batch is due one month before shipment
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997321001103/riot_8k-110821.htm) in full (14,780 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2021-11-08
Quote: “Riot paid a refundable down payment of 25% of the total Purchase Price in connection with the execution of the Purchase Agreement, and, subject to the terms and conditions of the Purchase Agreement, will pay the remainder of the Purchase Price as follows: (i) 35% of the Purchase Price per Batch due five months in advance of the scheduled shipment date for the Batch, and (ii) the remaining 40% per Batch due one month in advance of the shipment date for such Batch”