Bitmain purchase payment commitment
Company: Riot
What the later record shows
Outcome not yet confirmed
The passages report only aggregate 2020 payments and deposits plus $37.6 million due in 2021 across all Bitmain contracts. Nothing confirms the payment schedule for this $17.7 million order.
“$ 31.9 million paid as deposits in deposits during the same period, and the remaining $ 37.6 million due to be paid during the year ending December 31, 2021.”
2022-11-22 · Riot 10-K/A filed 2022-11-23 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 Blockchain will pay Bitmaintech PTE, LTD approximately $17.7 million for the 8,000 Antminer S19 Pro miners, with 40% due upon order acceptance, 10% due by September 30, 2020, and the remaining 50% in four equal monthly installments from December 1, 2020 through March 1, 2021.
Source (primary)
Riot 8-K filed 2020-08-18 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Riot will pay Bitmain approximately $17.7 million as follows: (i) 40% of the Purchase Price, payable within two days of Bitmain's acceptance of Riot's order as a refundable down payment; (ii) 10% of the Purchase Price to be paid on or before September 30, 2020; and (iii) the remaining 50% to be paid in four equal monthly installments beginning on December 1, 2020, with the final payment to be made on or before March 1, 2021.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K sets out the approximately $17.7 million price and the 40%/10%/50% payment schedule as described. The filing specifies the 40% is due within two days of order acceptance.
Confirmed in the source:
- Riot will pay Bitmain approximately $17.7 million, subject to adjustments, offsets and costs, for the 8,000 S19 Pro miners
- 40% of the purchase price is payable within two days of Bitmain's acceptance of Riot's order, as a refundable down payment
- 10% of the purchase price is to be paid on or before September 30, 2020
- The remaining 50% is to be paid in four equal monthly installments beginning December 1, 2020, with the final payment on or before March 1, 2021
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997320000723/riot_8kind.htm) in full (8,886 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2020-08-18
Quote: “Riot will pay Bitmain approximately $17.7 million as follows: (i) 40% of the Purchase Price, payable within two days of Bitmain's acceptance of Riot's order as a refundable down payment; (ii) 10% of the Purchase Price to be paid on or before September 30, 2020; and (iii) the remaining 50% to be paid in four equal monthly installments beginning on December 1, 2020, with the final payment to be made on or before March 1, 2021.”