Acquisition of Whinstone US for $80M and 11.8M shares
Company: Riot
The claim, verbatim
Riot entered into a Stock Purchase Agreement to acquire all equity interests of Whinstone US, Inc. for $80,000,000 in cash and 11,800,000 shares of common stock, expected to close in Q2 2021.
Source (primary)
Riot 8-K filed 2021-04-09 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Riot...entered into a Stock Purchase Agreement...which provides for Riot to acquire all of the issued and outstanding equity interests of Whinstone...Riot will pay to the Seller $80,000,000 in cash...and issue to the Seller 11,800,000 shares of the common stock...The Acquisition is currently expected to close during the second quarter of 2021”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
Riot's April 8, 2021 Form 8-K states each element: the agreement to buy all of Whinstone's equity, the $80 million cash and 11.8 million share consideration, and the expected Q2 2021 closing. The filing notes the cash amount is subject to customary closing adjustments and that the closing was subject to conditions.
Confirmed in the source:
- Riot Blockchain entered into a Stock Purchase Agreement (dated April 8, 2021)
- The agreement provides for Riot to acquire all of the issued and outstanding equity interests of Whinstone US, Inc.
- Consideration includes $80,000,000 in cash (subject to customary adjustments)
- Consideration includes 11,800,000 shares of Riot common stock
- The acquisition was expected to close during the second quarter of 2021
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997321000264/riot_8k-040821v2.htm) in full (15,508 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2021-04-09
Quote: “Riot...entered into a Stock Purchase Agreement...which provides for Riot to acquire all of the issued and outstanding equity interests of Whinstone...Riot will pay to the Seller $80,000,000 in cash...and issue to the Seller 11,800,000 shares of the common stock...The Acquisition is currently expected to close during the second quarter of 2021”