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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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”