Ownership stake in Tess Inc blockchain solutions
Company: Riot
The claim, verbatim
Owns approximately 52% of Tess Inc., which is developing TessPay blockchain solutions for telecommunications
Source (primary)
Riot 10-K/A filed 2018-06-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We also own approximately 52% of Tess Inc., ("Tess") which is developing TessPay and other blockchain solutions for telecommunications companies.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing states the company owns about 52% of Tess, which is developing TessPay and other blockchain solutions for telecom companies.
Confirmed in the source:
- The company owns approximately 52% of Tess Inc.
- Tess is developing TessPay and other blockchain solutions for telecommunications companies
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997318000410/riot_10ka2-123117.htm) in full (281,520 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 10-K/A filed 2018-06-29
Quote: “We also own approximately 52% of Tess Inc., ("Tess") which is developing TessPay and other blockchain solutions for telecommunications companies.”