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
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 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”