Kairos Global Technology business combination
Company: Riot
The claim, verbatim
Acquired approximately 8,000 ASIC miners through business combination with Kairos Global Technology, Inc. in November 2017
Source (primary)
Riot 10-K filed 2020-03-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company owned approximately 8,000 acquired as a result of the business combination with Kairos Global Technology, Inc. ("Kairos") in November 2017”
How we checked this
Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.
The Kairos business combination in November 2017 and the roughly 8,000-miner fleet are both confirmed. However, the filing's own notes show Kairos contributed only about 1,200 of those miners, with most acquired in separate February 2018 purchases.
Confirmed in the source:
- Riot completed a business combination with Kairos Global Technology, Inc. in November 2017
- Riot's mining fleet consisted of roughly 8,000 ASIC miners
We could not confirm this from the cited source:
- That approximately 8,000 miners were acquired through the Kairos business combination; the filing's notes show Kairos owned about 1,200 miners (700 AntMiner S9s and 500 AntMiner L3s), with the rest bought from Prive (3,800) and BMSS (3,000) in February 2018
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 Company owned approximately 8,000 acquired as a result of the business combination with Kairos Global Technology, Inc. ("Kairos") in November 2017”