Additional equity and warrant investment in Coinsquare (February 2018)
Company: Riot
The claim, verbatim
Riot invested an additional $6.4 million in Coinsquare in February 2018, consisting of $2.8 million in equity investment and $3.6 million from warrant exercise
Source (primary)
Riot 8-K filed 2018-09-07 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “During February 2018 the Company invested an additional $6.4 million in Coinsquare. The investment included an additional equity investment of $2.8 million that is part of an approximate $24 million financing by Coinsquare. Additionally, warrants acquired in the original investment were exercised in exchange of a cash payment of $3.6 million.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing describes the February 2018 investment of $6.4 million as $2.8 million in new equity plus a $3.6 million warrant exercise.
Confirmed in the source:
- In February 2018, Riot invested an additional $6.4 million in Coinsquare
- $2.8 million of that amount was an additional equity investment
- $3.6 million of that amount was a cash payment to exercise warrants acquired in the original investment
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155335018001021/riot_8k.htm) in full (17,523 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2018-09-07
Quote: “During February 2018 the Company invested an additional $6.4 million in Coinsquare. The investment included an additional equity investment of $2.8 million that is part of an approximate $24 million financing by Coinsquare. Additionally, warrants acquired in the original investment were exercised in exchange of a cash payment of $3.6 million.”