Bitmain S17 Pro Antminers purchase and deployment
Company: Riot
What the later record shows
Not a promise: a reported event · happened March 24, 2020
On 2020-03-24 the claim stated in past tense that all 4,000 miners had already been placed in service. The 10-K/A confirms the final 1,000 units arrived in February 2020.
“However, 1,000 of these S17-Pro miners were not received until February 2020.”
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
Purchased 4,000 Bitmain S17 Pro Antminers for $6.4 million in December 2019; all units placed in service during Q1 2020
Source (primary)
Riot 10-K filed 2020-03-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “During December 2019, the Company purchased 4,000 next generation Bitmain S17 Pro Antminers for approximately $6.4 million from Bitmain...all of the 4,000 next generation miners were placed in service during the first quarter of 2020”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K's business section and MD&A say Riot bought 4,000 S17 Pro Antminers in December 2019 for about $6.4 million and placed all of them in service in Q1 2020. The financial statement notes give the price as about $6.3 million, a minor inconsistency within the filing.
Confirmed in the source:
- Riot purchased 4,000 Bitmain S17 Pro Antminers in December 2019
- The purchase price was approximately $6.4 million
- All 4,000 units were placed in service during the first quarter of 2020
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: “During December 2019, the Company purchased 4,000 next generation Bitmain S17 Pro Antminers for approximately $6.4 million from Bitmain...all of the 4,000 next generation miners were placed in service during the first quarter of 2020”