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Kairos Global Technology business combination

Company: Riot

This claim was withdrawn on September 15, 2026. The November 2017 Kairos combination brought about 1,200 miners; the ~8,000 total also includes the 3,800 Prive and 3,000 BMSS miners bought in February 2018, and the attributed quote reorders the source's words to drop that point.

How this was decided: Evidence review against the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
acquisition
Statement date
2020-03-24
Promised amount
8000.0 units
Current status
withdrawn

The claim, verbatim

Completed business combination with Kairos Global Technology, Inc. in November 2017, acquiring approximately 8,000 ASIC miners

Source (primary)

Riot 10-K filed 2020-03-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗

Quote: “the business combination with Kairos Global Technology, Inc. ("Kairos") in November 2017 and...As of December 31, 2018, the Company owned approximately 8,000 acquired as a result of the business combination”

How we checked this

Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.

The Kairos deal closed on November 3, 2017, but the filing says Kairos owned only 700 AntMiner S9s and 500 L3s. The rest of the roughly 8,000 miners came from the Prive (3,800) and BMSS (3,000) purchases in February 2018.

Confirmed in the source:

We could not confirm this from the cited source:

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997320000216/riot_10k-123119.htm) in full (373,694 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Riot 10-K filed 2020-03-25

Quote: “the business combination with Kairos Global Technology, Inc. ("Kairos") in November 2017 and...As of December 31, 2018, the Company owned approximately 8,000 acquired as a result of the business combination”

View cached copy (2026-09-13)Live source ↗

Record of changes

September 14, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 15, 2026 — withdrawn
Evidence review against the cited source. The November 2017 Kairos combination brought about 1,200 miners; the ~8,000 total also includes the 3,800 Prive and 3,000 BMSS miners bought in February 2018, and the attributed quote reorders the source's words to drop that point.