Initial waiver payment to BMSS
Company: Riot
What the later record shows
Outcome not yet confirmed
Later filings restate the $150,000 obligation but never say whether or when it was paid. By June 27, 2019, about $1.3 million was still owed and was settled for $1.0 million, which does not show whether this first payment was made.
“Pursuant to the Waiver, the Company agreed to pay to BMSS $150,000 on or before August 21, 2018”
2019-03-05 · Riot 10-Q/A filed 2019-03-06 View cached copy (2026-09-13)Live source ↗
“As of June 27, 2019, in connection with the BMSS agreement, the Company owed approximately $ 1.3 million of principal and interest”
2021-03-30 · Riot 10-K filed 2021-03-31 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
Company agreed to pay $150,000 to BMSS on or before August 21, 2018
Source (primary)
Riot 8-K filed 2018-08-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company agreed to pay to BMSS $150,000 on or before August 21, 2018”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that under the waiver the Company agreed to pay BMSS $150,000 on or before August 21, 2018.
Confirmed in the source:
- Riot Blockchain agreed under the August 21, 2018 waiver to pay $150,000 to BMSS
- The $150,000 payment was due on or before August 21, 2018
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000155335018000988/riot_8k.htm) in full (4,834 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2018-08-24
Quote: “the Company agreed to pay to BMSS $150,000 on or before August 21, 2018”