Previous-generation miners taken offline; future use under evaluation
Company: Riot
The claim, verbatim
Due to power and infrastructure constraints, virtually all previously acquired miners were taken offline and their future use is being evaluated
Source (primary)
Riot 10-Q filed 2020-05-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “As part of this upgrade, due to power and infrastructure considerations, virtually all of the previously acquired miners were taken offline and their future use is being evaluated.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
Note 1 says this directly. The filing uses the word 'considerations' rather than 'constraints', but the substance is the same.
Confirmed in the source:
- Virtually all previously acquired miners were taken offline as part of the S17 upgrade
- The miners were taken offline because of power and infrastructure considerations
- The future use of those miners is being evaluated
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997320000358/riot_10q-033020.htm) in full (86,770 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 10-Q filed 2020-05-08
Quote: “As part of this upgrade, due to power and infrastructure considerations, virtually all of the previously acquired miners were taken offline and their future use is being evaluated.”