Bitmain purchase payment commitment
Company: Riot
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
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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.”