Infrastructure capacity development target
Company: Riot
What the later record shows
Outcome not yet confirmed
P10 restates that performance awards were tied to infrastructure-capacity milestones over a period ending December 31, 2023. No passage reports how many MW of infrastructure capacity were actually added.
“the completion of specified performance milestones related to development and monetization of added infrastructure capacity”
2024-02-22 · Riot 10-K filed 2024-02-23 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 targets developing up to 1,500 MW of infrastructure capacity by December 31, 2023, with performance vesting milestones for each 100 MW increment
Source (primary)
Riot 8-K filed 2021-08-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “which generally vest upon the successful completion of specified milestones for each 100 megawatts ("MW") of added infrastructure capacity, as defined in the program, up to a total capacity of 1,500 MW”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The filing describes 1,500 MW as the upper limit of a pay-vesting schedule with 100 MW milestones over a period ending December 31, 2023. It does not present that figure as a stated corporate development goal.
Confirmed in the source:
- Riot's Compensation Committee approved performance RSU awards that generally vest upon completion of specified milestones for each 100 MW of added infrastructure capacity
- The infrastructure capacity milestones run up to a total capacity of 1,500 MW, defined as the 'Infrastructure Development Target'
- The performance period for these milestones ends December 31, 2023
We could not confirm this from the cited source:
- That Riot set or announced a business plan to develop 1,500 MW of capacity by December 31, 2023, as distinct from using 1,500 MW as the ceiling of an executive compensation vesting metric
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997321000790/riot_8k-081621.htm) in full (10,744 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2021-08-16
Quote: “which generally vest upon the successful completion of specified milestones for each 100 megawatts ("MW") of added infrastructure capacity, as defined in the program, up to a total capacity of 1,500 MW”