Recurring $200,000 waiver payments to BMSS
Company: Riot
What the later record shows
The date slipped
Six $200,000 payments starting September 30, 2018 would have finished by early 2019. Yet on June 27, 2019 about $1.3 million was still owed, and it was resolved by a one-time $1.0 million settlement rather than the original schedule.
“As of June 27, 2019, in connection with the BMSS agreement, the Company owed approximately $ 1.3 million of principal and interest and the Company and BMSS agreed to a one-time settlement payment totaling $ 1.0 million.”
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 $200,000 on or before September 30, 2018, and on each 30-day anniversary thereafter for a total of 6 payments of $200,000
Source (primary)
Riot 8-K filed 2018-08-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “$200,000 on or before September 30, 2018 and on each 30 day anniversary thereafter for a total of 6 payments of $200,000”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K sets out the $200,000 payment due by September 30, 2018 and on each 30-day anniversary thereafter, for a total of six such payments.
Confirmed in the source:
- Riot Blockchain agreed under the waiver to pay BMSS $200,000 on or before September 30, 2018
- Further $200,000 payments were due on each 30-day anniversary thereafter
- The schedule totaled 6 payments of $200,000
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: “$200,000 on or before September 30, 2018 and on each 30 day anniversary thereafter for a total of 6 payments of $200,000”
delays Riot 10-K filed 2021-03-31
Quote: “As of June 27, 2019, in connection with the BMSS agreement, the Company owed approximately $ 1.3 million of principal and interest and the Company and BMSS agreed to a one-time settlement payment totaling $ 1.0 million.”