Co-location mining services agreement with Coinmint
Company: Riot - Project: Massena
The claim, verbatim
Effective April 8, 2020, Company entered into co-location mining services agreement with Coinmint, LLC at Massena, New York facility. Coinmint provides electric power and maintenance for Company's miners in exchange for performance fee based on net cryptocurrencies earned
Source (primary)
Riot 10-K filed 2021-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Effective as of April 8, 2020, the Company and Coinmint, LLC ("Coinmint") entered into a co-location mining services agreement (the "Coinmint Agreement")... Pursuant to the terms of the Coinmint Agreement, Coinmint provides electric power and performs all maintenance necessary to operate Riot's miners at the Coinmint Facility. In exchange, Coinmint receives a performance fee based on the net cryptocurrencies earned by Riot's miners deployed at the Coinmint Facility”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The business section describes the April 8, 2020 agreement, the Massena facility, and the power, maintenance and performance-fee terms. A separate passage elsewhere in the filing dates the agreement April 28, 2020.
Confirmed in the source:
- Effective April 8, 2020, Riot entered into a co-location mining services agreement with Coinmint, LLC
- The Coinmint Facility is located in Massena, New York
- Coinmint provides electric power and performs maintenance for Riot's miners
- In exchange, Coinmint receives a performance fee based on the net cryptocurrencies earned by Riot's miners
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997321000221/riot10k1220.htm) in full (422,011 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 10-K filed 2021-03-31
Quote: “Effective as of April 8, 2020, the Company and Coinmint, LLC ("Coinmint") entered into a co-location mining services agreement (the "Coinmint Agreement")... Pursuant to the terms of the Coinmint Agreement, Coinmint provides electric power and performs all maintenance necessary to operate Riot's miners at the Coinmint Facility. In exchange, Coinmint receives a performance fee based on the net cryptocurrencies earned by Riot's miners deployed at the Coinmint Facility”